Aditya Ispat Ltd — Important, 26-02-2026: Company Update

Aditya Ispat seeks shareholder approval via postal ballot for the slump sale of its non-alloy steel manufacturing and trading business to related party Jai Bapji Ispat Private Limited for 3.67 Cr. This strategic divestment addresses significant accumulated losses and high finance costs that have eroded the company's net worth, as observed in recent quarterly and nine-month financial results. The sale, covering 97.75% of previous year's turnover, aims to rationalize operations, reduce financial stress, and repay debt. Shareholder consent is also sought for the related party transaction.