Pl find the attached Outcome of the Adjourned Board Meeting Held on February 20,2026
Price
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Awaiting price reaction for this filing.
Aditya Ispat Limited's Board, at its meeting on February 20, 2026, approved selling its entire non-alloy steel manufacturing and trading business through a slump sale on a going concern basis. The decision comes after the Board reviewed a valuation report and an action-taken report on loss mitigation, and concluded that no other viable option exists to stop the company's ongoing losses. The business being sold contributed 97.75% of turnover (₹4,393.06 lakhs) and 88.85% of net worth (₹780.12 lakhs) in FY2024-25, making it essentially the core operation. No buyer has been identified yet, and the lump-sum consideration amount is yet to be decided when a Business Transfer Agreement (BTA) is executed. The company cited erosion of share capital, net worth, and a weak industry outlook as reasons for the restructuring.
This is a significant negative signal for shareholders — the company is essentially dismantling its core steel business due to sustained losses and a weakened balance sheet. The stock is likely to face pressure as it reflects serious financial distress, though the restructuring could help stem further losses if a reasonable sale value is realised.