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. This disclosure is made pursuant to Regulation 30 of SEBI Listing Regulations and is a continuation of previous communications dated 30-03-2026, 31-03-2026, and 30-06-2026.
The company executed a Business Transfer Agreement (BTA) on March 31, 2026, with Jai Bapji Ispat Private Limited, a related party and promoter group company, for the slump sale of its non-alloy steel business on a going concern basis. The transaction was effective from March 01, 2026.
Due to administrative and operational difficulties, the pre-closing actions and transactions outlined in the BTA are taking longer than expected to complete. Consequently, the expected date of completion for the slump sale has been postponed from the previously communicated date of August 31, 2026, to October 31, 2026.
The disclosure does not quantify the financial impact of this delay. The communication was signed by Varsha Pandey, Company Secretary Cum Compliance Officer (Membership No.: A72878), on behalf of Aditya Ispat Limited.