PLEASE FIND THE ATTACHED OUTCOME OF THE ADJOURNED BOARD MEETING HELD ON FEBRUARY 20,2026 WHICH WAS HELD ON FEBRUARY 18,2026
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The Board of Aditya Ispat Limited, at its adjourned meeting on February 20, 2026, approved the sale of its entire non-alloy steel manufacturing and trading operations through a slump sale on a going-concern basis. This comes after the Board noted persistent losses over recent quarters, erosion of share capital and net worth, and reviewed a valuation report and loss-mitigation action plan prepared by management. 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 FY24-25, meaning the company is effectively selling its core revenue-generating business. No buyer has been finalised yet, the lump-sum consideration will be decided while executing the Business Transfer Agreement (BTA), and the completion date will be disclosed once the BTA is signed.
This is a deeply negative signal for shareholders — the company is divesting nearly its entire revenue base due to continued losses and weakening net worth, raising serious going-concern issues. The stock is likely to face significant pressure as the future business profile of the company is unclear until a buyer and consideration are announced.