Aditya Ispat Limited executed a Business Transfer Agreement on March 31, 2026 for slump sale of its Non-Alloy Steel manufacturing and trading business.
The business, contributing 97.75% of turnover (₹4,393.06 lakhs) and 88.85% of net worth (₹780.12 lakhs), is sold to promoter group company Jai Bapji Ispat Private Limited for ₹3.6763 crore.
The sale is effective from March 1, 2026, approved by shareholders via postal ballot on March 29, 2026, and expected to complete by June 30, 2026.
The rationale is sustained losses, high finance costs, declining non-alloy steel margins, and substantial net worth erosion making the business commercially unviable.