Sale31 March 2026 at 02:14 pm
Aditya Ispat Ltd Executes Slump Sale Agreement with Jai Bapji Ispat Private Limited
AI Summary
Aditya Ispat Ltd has executed a Business Transfer Agreement (BTA) on March 31, 2026, with Jai Bapji Ispat Private Limited, a related party and promoter group company, for the slump sale of its non-alloy steel manufacturing and trading business. The sale is expected to be completed by June 30, 2026, and the lump sum consideration is INR 3,67,63,000, subject to further adjustments of net working capital up to February 28, 2026.
Key Highlights
- Aditya Ispat Ltd has executed a BTA with Jai Bapji Ispat Private Limited for the slump sale of its non-alloy steel manufacturing and trading business.
- The sale is expected to be completed by June 30, 2026, with a lump sum consideration of INR 3,67,63,000.
- The slump sale unit contributed 97.75% of the company's turnover and 88.85% of its net worth in FY 2024-25.
- The transaction is being undertaken at arm's length and is not part of any Scheme of Arrangement.
- The sale is due to Aditya Ispat Ltd's sustained losses, high finance costs, declining margins, and adverse industry conditions.
ADITYAIron & Steel Products
ADITYA ISPAT LTD.Price Impact