Sale23 Feb 2026, 08:52 pm
Aditya Ispat Ltd Approves Slump Sale of Non-alloy Steel Business for INR 3,67,63,000
AI Summary
Aditya Ispat Ltd announced the outcome of its board meeting held on February 23, 2026. The board approved the slump sale of the business of manufacturing and trading activity of Non-alloy steel of the company on a going concern basis at a lump sum consideration of INR 3,67,63,000. The sale will be effective from 01.03.2026, subject to the approval of the Members of the Company through postal ballot. The board also approved the appointment of M/s Ernst & Young LLP as consultants for assistance in implementation of the BTA and appointed Mr. Manjeet Bucha as the Scrutinizer for the purposes of collating the Postal Ballot and remote e-voting data.
Key Highlights
- Aditya Ispat Ltd approved the slump sale of its Non-alloy steel business for INR 3,67,63,000
- The sale will be effective from 01.03.2026, subject to the approval of the Members of the Company through postal ballot
- M/s Ernst & Young LLP appointed as consultants for assistance in implementation of the BTA
- Mr. Manjeet Bucha appointed as the Scrutinizer for the purposes of collating the Postal Ballot and remote e-voting data