Aditya Ispat has revised the expected completion date for the slump sale of its non-alloy steel manufacturing and trading business to October 31, 2026. The company cited administrative and operational difficulties in completing pre-closing actions as the reason for the delay.

The transaction involves a related party transfer to Jai Bapiji Ispat Private Limited, a promoter group company. The Business Transfer Agreement was originally executed on March 31, 2026, with the sale effective from March 1, 2026.

Transaction Details

The company previously disclosed the transaction in letters dated March 30, 2026, March 31, 2026, and June 30, 2026. The initial expected completion date was August 31, 2026.

Regulatory Disclosure

Aditya Ispat made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Varsha Pandey, Company Secretary and Compliance Officer, on August 31, 2026.

Aditya Ispat has revised the expected completion date for the slump sale of its non-alloy steel business to August 31, 2026. The transaction involves the sale of the manufacturing and trading activities on a going concern basis to Jai Bapji Ispat Private Limited, a related party and promoter group company. The delay is attributed to administrative and operational difficulties that have extended the time required for pre-closing actions outlined in the Business Transfer Agreement (BTA).

The BTA was executed on March 31, 2026, with the business transfer effective from March 01, 2026. The company had initially informed the exchanges that the slump sale would be completed by June 30, 2026. This disclosure was made to the Bombay Stock Exchange in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The following table outlines the key dates and entities associated with the slump sale:

The company stated that the pre-closing actions and transactions stipulated in the BTA are taking longer than anticipated. Consequently, the revised timeline of August 31, 2026 has been established to finalize the slump sale. Aditya Ispat has requested the exchange to take the revised date on record.