Aditya Ispat Ltd. Approves Slump Sale of Non-alloy Steel Business to Mitigate Losses

Aditya Ispat Ltd. held a Board Meeting on February 20, 2026, and approved the sale of its manufacturing and trading activity of Non-alloy steel through slump sale on a going concern basis. This decision is part of an internal restructuring of the business operations, aiming to mitigate the losses incurred in the last couple of quarters. The slump sale is expected to be executed in due course, with the consideration to be decided later. The trading activity of alloy steel will remain with the Company as a going concern post the completion of the sale. The proposed transaction is subject to fulfilment of conditions precedents, necessary approvals, and further approval of the shareholders.