Aditya Ispat Ltd — Important, 30-03-2026: Company Update

The company's Board has approved the Business Transfer Agreement for the slump sale of its non-alloy steel manufacturing and trading business. This transaction is with Jai Bapji Ispat Private Limited, a related party, for a lump sum consideration of INR 3.6763 Crore, subject to adjustments. The sale is effective from March 1, 2026, with an expected closing by June 30, 2026. This move simplifies operations and focuses the company. Additionally, the Board appointed Elevate Fintech Private Limited as the new Registrar and Share Transfer Agent, replacing XL Softech Systems. This aims to enhance shareholder services and improve corporate governance.