Outcome of Postal Ballot along with Scrutinizer Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
By the next day the stock moved 3.7 pts less than Nifty Microcap 250 and 6.0 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Aditya Ispat Ltd shareholders approved two key resolutions via postal ballot, with results declared on March 30, 2026. The first was a special resolution for the slump sale of the company's non-alloy steel manufacturing and trading business, which passed with 99.98% votes in favor. The second was an ordinary resolution approving a related party transaction with Jai Bapji Ispat Private Limited (in which promoters are interested) for selling the same business, passing with 99.89% support. Promoter group holding 1,301,100 shares (about 24.3% of total equity of 5,350,000 shares) voted 100% in favor of the slump sale. The promoter votes were treated as invalid for the RPT resolution since promoters are interested parties. Scrutinizer Manjeet Bucha certified the results.
This is a major restructuring event — the company is exiting its core non-alloy steel business (slump sale) to a related party entity. Shareholders should note that the company's primary revenue-generating activity is being divested, which could significantly change the business profile and future earnings of Aditya Ispat. Watch for the slump sale consideration, valuation, and how the remaining company will operate post-divestment.