Transaction Details

  • Business Transfer Agreement (BTA) executed on March 31, 2026 with Jai Bapji Ispat Private Limited
  • Jai Bapji Ispat is a related party (Promoter Group Company)
  • Transaction involves slump sale of non-alloy steel manufacturing and trading business
  • Sale is on a going concern basis
  • Effective date of the transfer: March 01, 2026

Delay Announcement

  • Original expected completion date: October 31, 2026
  • New expected completion date: December 31, 2026
  • Reason for delay: Administrative and operational difficulties in pre-closing actions/transactions as contained in the BTA
  • These pre-closing actions are taking longer than expected time

Company Representative

  • Signed by Varsha Pandey, Company Secretary Cum Compliance Officer
  • Membership Number: A72878
  • Digital signature timestamp: October 31, 2026 at 19:23:48 +05:30