Aditya Ispat Limited has informed the Bombay Stock Exchange that it is exempt from disclosing related party transactions for the financial year ended March 31, 2026. This exemption follows the company's compliance with Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as its paid-up equity share capital and net worth are below the prescribed threshold limits. Consequently, the company is not required to submit disclosures under Regulation 23(9) of the same regulations.

The exemption is based on the financial position of the company as on the last day of the previous financial year. A net worth certificate issued by Dagliya & Co., Chartered Accountants, confirms that the company's net worth has declined significantly over the past three years, turning negative in FY26. The paid-up share capital remained constant at ₹5,35,00,000 during this period.

Financial Position

The following table details the paid-up share capital and net worth of Aditya Ispat Limited for the last four financial years as certified by the auditor:

The data is based on audited figures provided by the company. The negative net worth of ₹75,58,160 as of March 31, 2026, is the primary factor triggering the exemption from corporate governance requirements and related party transaction disclosures for the year.

The disclosure was submitted by Varsha Pandey, Company Secretary and Compliance Officer of Aditya Ispat Limited, on May 30, 2026. The auditor, Mayank Jain, Partner at Dagliya & Co., verified the figures using the Unique Document Identification Number (UDIN) 26225914APQDNT7838.

Aditya Ispat Limited reported a widened net loss of ₹857.62 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹78.34 lakh in the previous year. Revenue from operations declined 25.4% to ₹3277.93 lakh from ₹4393.06 lakh in FY25. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026, under Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹510.76 lakh on revenue from operations of ₹936.84 lakh. The statutory auditor, Dagliya & Co, Chartered Accountants, issued an unmodified opinion on the audited financial results. The company stated it does not have any associate, joint venture, or subsidiary companies, and therefore does not require consolidation of financial statements.

Financial Performance

The company’s total income for FY26 stood at ₹3280.82 lakh, a decrease from ₹4768.59 lakh in the previous year. Total expenses for the year were ₹4249.20 lakh, slightly lower than ₹4910.89 lakh in FY25. The basic and diluted earnings per share (EPS) for FY26 was reported as a loss of ₹16.03, compared to a loss of ₹1.46 in the prior year.

Operational Details

Aditya Ispat disclosed that it has entered into a Business Transfer Agreement on March 31, 2026, to transfer its Non-Alloy Steel Business, effective from March 1, 2026. The transfer process is currently underway and is expected to be completed on or before June 30, 2026. The company deals with a single reportable segment, Bright Steel Bars and Wires. The trading window for dealing in the company's securities remains closed until 48 hours after the declaration of the financial results.