Aditya Ispat revises slump sale completion date to Aug 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:

Event	Date / Party
Effective Date of Transfer	March 01, 2026
BTA Execution Date	March 31, 2026
Original Completion Date	June 30, 2026
Revised Completion Date	August 31, 2026
Buyer	Jai Bapji Ispat Private Limited
Relationship	Related Party (Promoter Group Company)

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.89%	-2.22%	-11.01%	-11.99%	-10.56%	+16.38%

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 company published the extract of audited financial results for the quarter and year ended March 31, 2026, in Business Standard and Nava Telangana newspapers on June 2, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2018.

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.

Metric	FY26 (₹ in lacs)	FY25 (₹ in lacs)
Revenue from Operations	3277.93	4393.06
Total Income	3280.82	4768.59
Total Expenses	4249.20	4910.89
Net Profit/Loss	(857.62)	(78.34)
EPS (Basic)	(16.03)	(1.46)

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.