NSE/BSE Codes: NSE: AONESTEELS, BSE: 544952

Summary of Key Information:

Nature of Event / Disclosure:

Settlement of proceedings initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016 before the National Company Law Tribunal (NCLT), Bengaluru Bench.

Involved Parties / Authorities:

  • Petitioner: M/s. Shri Khatu Shyam Ispat Udyog LLP
  • Respondent: A-One Steels India Ltd
  • Adjudicating Authority: Hon'ble National Company Law Tribunal (NCLT), Bengaluru Bench
  • Judges: Shri Sunil Kumar Aggarwal (Hon'ble Member - Judicial) and Shri Radhakrishna Sreepada (Hon'ble Member - Technical)

Date / Timeline of Event:

  • October 14, 2026: NCLT order delivered
  • October 15, 2026: Order uploaded on NCLT website; first instalment payment date
  • October 16, 2026: Intimation filed with stock exchanges
  • End of October 2026: Second instalment due date
  • November 6, 2026: Next hearing date for reporting settlement implementation

Brief Description of Outcome / Dispute:

The matter between Shri Khatu Shyam Ispat Udyog LLP (Petitioner) and A-One Steels India Ltd (Respondent) has been amicably settled between the parties. The Hon'ble NCLT, Bengaluru Bench recorded the settlement in its order dated October 14, 2026, in CP (IB) No. 34/BB/2026.

Impact of Outcome:

Financial Impact:
  • Settlement amount: ₹3,80,00,000 (Rupees Three Crore Eighty Lakhs only)
  • Payment structure: Two equal instalments of ₹1,90,00,000 each
  • First instalment of ₹1,90,00,000 already paid on October 15, 2026
  • Second instalment of ₹1,90,00,000 payable by the end of October 2026
  • No compensation or penalty beyond the settlement amount
  • Company states: "No major impact on the financial position of the Company, considering the size of the company, except payment of the agreed settlement amount of Rs. 3,80,00,000/-"
Operational / Business / Strategic Impact:

No material disclosures in this section.

Other Implications:

No material disclosures in this section.

Next Steps / Required Actions:

  • Second instalment payment of ₹1,90,00,000 must be completed by end of October 2026
  • Matter listed before NCLT on November 6, 2026 for reporting implementation of the settlement
  • Failure to implement settlement may result in hearing on admission of the case