Aditya Ispat Ltd Approves Slump Sale of Non-alloy Steel Business to Promoter Group Company

Aditya Ispat Ltd has approved the slump sale of its Non-alloy steel manufacturing and trading activity business to M/s. Jai Bapji Ispat Private Limited, a related party and promoter group company, for a lump sum consideration of INR 3,67,63,000. The decision was made at a board meeting held on 23rd February 2026, and is subject to approval by the members of the company through a postal ballot. The sale is expected to be completed by 31st March 2026. The board also approved the appointment of Ernst & Young LLP as consultants for assistance in implementing the Business Transfer Agreement.