Outcome of the Board Meeting held on March 30,2026 under Reg 30 of SEBI (LODR) Regulations,2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Aditya Ispat Ltd has approved a Business Transfer Agreement (BTA) for the slump sale of its non-alloy steel manufacturing and trading business on a going-concern basis to Jai Bapji Ispat Private Limited, a related party belonging to the promoter group. The lump-sum consideration is INR 3,67,63,000 (approximately Rs 3.68 crore), subject to net working capital adjustments up to 28.02.2026, with the transaction effective from 01.03.2026 and expected to close on or before 30.06.2026. The slump sale is being carried out under Section 2(42C) of the Income Tax Act without assigning individual values to assets and liabilities. Separately, the Board has appointed M/s. Elevate Fintech Private Limited as the new Registrar and Share Transfer Agent in place of M/s. XL Softech Systems Limited, with the effective date to be communicated later after executing the necessary tripartite agreements with NSDL and CDSL.
This is a significant restructuring move where the company is divesting its core steel business to a promoter group entity at a relatively modest consideration, which retail investors should monitor closely for any governance or valuation concerns. The RTA change is routine and unlikely to affect shareholders materially.