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, to discuss the mitigation of losses incurred in the last couple of quarters. After extensive deliberation, the board approved the proposal for the sale of the manufacturing and trading activity of Non-alloy steel through slump sale on a going concern basis at a lump sum purchase consideration. The trading activity of alloy steel will remain with the company. The board has instructed the management to place the valuation report before the Audit Committee for their review and recommendation. The completion of the proposed transaction is subject to fulfilment of conditions precedents and further approval of the shareholders of the Company.