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

The company is conducting a postal ballot for shareholder approval on two key proposals. First, a slump sale of its non-alloy steel manufacturing and trading business for INR 3.68 Cr. This strategic move addresses accumulated losses, high finance costs, and net worth erosion. Second, shareholders will vote on selling this business to Jai Bapji Ispat Private Limited, a promoter group company. The Board states this 'hard sell' became necessary after efforts to find external buyers failed due to the company's significant debt. This aims to stabilize finances and streamline operations.