Aditya Ispat Limited has filed a regulatory disclosure with the Bombay Stock Exchange regarding an update on the slump sale of its non-alloy steel manufacturing and trading business.
The company previously executed a Business Transfer Agreement (BTA) with Jai Bapji Ispat Private Limited, a related party and promoter group company, on March 31, 2026. This agreement was for the slump sale of the non-alloy steel business on a going concern basis, effective from March 1, 2026.
The company now reports that the completion of the slump sale has been delayed due to administrative and operational difficulties in completing the pre-closing actions/transactions specified in the BTA. The new expected date of completion is August 31, 2026, replacing the previously communicated date of June 30, 2026.