Outcome of Postal Ballot along with Scrutinizer''s Report
Price
▲ 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 Limited conducted a Postal Ballot from February 28 to March 29, 2026, with both resolutions approved by shareholders. Resolution 1 (Special Resolution) approved the Slump Sale of the company's manufacturing and trading activity of non-alloy steel under Section 180(1)(a) of the Companies Act, 2013, with 99.98% votes in favor. Resolution 2 (Ordinary Resolution) approved entering into a Related Party Transaction with Jai Bapji Ispat Private Limited for the same sale under Section 188(1)(b), with 99.89% votes in favor (promoter votes of 13,01,100 were treated as invalid due to promoter interest in the related party transaction). Out of 9,551 total shareholders with 53,50,000 shares, 53.31% of shares were polled. Both resolutions were passed with overwhelming majority.
This is a major restructuring event where the company is divesting its core non-alloy steel manufacturing and trading business via a slump sale to a related party. Shareholders should monitor for further disclosures on the deal value, buyer (Jai Bapji Ispat Pvt Ltd), and the future business direction of Aditya Ispat post-divestment, as this could significantly reshape the company's operations and valuation.