Aditya Ispat Ltd — Important, 23-02-2026: Company Update

The company's board has approved the slump sale of its non-alloy steel manufacturing and trading business as a going concern to M/s. Jai Bapji Ispat Private Limited, a related party. The consideration is INR 3.67 Cr, based on financial results for the quarter and nine months ended 31.12.2025, with adjustments. This strategic move, contingent on shareholder approval via postal ballot, aims to ensure the company's survival and prevent further decline in net worth, following past difficulties in selling the entire undertaking due to high debts. This impacts future operations and financial stability.