Deals30 March 2026 at 03:31 pm
Aditya Ispat Ltd. Approves Business Transfer and Changes Registrar & Transfer Agent
AI Summary
Aditya Ispat Ltd. announced that its Board of Directors approved the Slump sale of the business of manufacturing and trading activity of Non-alloy steel to Jai Bapji Ispat Private Limited, a related party, for a lump sum consideration of INR 3,67,63,000. The Board also approved the appointment of M/s. Elevate Fintech Private Limited as the new Registrar and Share Transfer Agent (RTA), replacing M/s. XL Softech Systems Limited.
Key Highlights
- Aditya Ispat Ltd. approved the Slump sale of its Non-alloy steel business to Jai Bapji Ispat Private Limited for INR 3,67,63,000
- The deal is subject to further adjustments of net working capital up to 28.02.2026 and is expected to close by 30.06.2026
- M/s. Elevate Fintech Private Limited has been appointed as the new RTA, replacing M/s. XL Softech Systems Limited
- The change in RTA is intended to improve services and experience for shareholders and strengthen corporate governance
- The effective date of the RTA appointment will be communicated after definitive agreements are executed
ADITYAIron & Steel Products
ADITYA ISPAT LTD.Price Impact