Outcome of the Adjourned Board Meeting held on February 20,2026 under Reg 30 of SEBI (LODR) REgulations,2015
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Awaiting price reaction for this filing.
Aditya Ispat Limited's Board, at its adjourned meeting on February 20, 2026, approved a slump sale of its manufacturing and trading activity of Non-alloy steel on a going concern basis. The decision comes after the Board reviewed valuation reports and action taken reports, and found no other viable option to mitigate losses incurred over recent quarters and address the erosion of the company's share capital and net worth. The unit being divested contributed 97.75% of turnover (INR 4,393.06 lakhs) and 88.85% of net worth (INR 780.12 lakhs) in FY 2024-25. The lump sum purchase consideration is yet to be decided, no buyer has been finalised, and the Business Transfer Agreement (BTA) is expected to be executed in due course.
This is a deeply negative signal for shareholders — the company is effectively selling its entire core operating business after sustained losses and erosion of net worth. Until a buyer and deal value are disclosed, the stock is likely to remain under pressure and there is significant uncertainty around shareholder value recovery.