Aditya Ispat Limited has formally disclosed the creation of pledge on 13.01 lakh equity shares by its promoters and promoter group members to Pillar Investment Company Limited. The pledge was created on February 12, 2026, as collateral for a Rs 1.25 crore loan availed by the company to reduce its bank exposure.

Pledge Details and Shareholding

The pledge encompasses shares held by both promoters and promoter group members, representing 24.32% of the company's total share capital. The disclosure was made under Regulation 31(1) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, with formal documentation submitted to the Bombay Stock Exchange on February 13, 2026.

Financial Structure and Security Cover

The pledged shares have a market value of Rs 1.30 crore against the loan amount of Rs 1.25 crore, providing a security cover ratio of 1.04. Pillar Investment Company Limited, classified as an NBFC, is the entity in whose favor the shares have been encumbered.

Regulatory Compliance and Corporate Information

The company has fulfilled its disclosure obligations under multiple SEBI regulations and circulars. The pledge was created for the benefit of the listed company, with funds to be utilized immediately for reducing bank exposure. The formal disclosure was signed by Mr. Aditya Chachan on behalf of all promoters and promoter group members.

The comprehensive disclosure includes detailed annexures specifying the pledge creation process, with the encumbered shares representing 100% of the total promoter shareholding and exceeding both the 50% promoter shareholding threshold and 20% of total share capital thresholds as per regulatory requirements.

Aditya Ispat Limited's board of directors approved the company's unaudited financial results for Q3FY26 and nine months ended December 31, 2025, revealing significant operational challenges with declining revenue and mounting losses. The board meeting held on February 6, 2026, at the company's registered office in Hyderabad also authorized comprehensive loss mitigation measures to address the financial difficulties.

Q3FY26 Financial Performance

The company reported a net loss of ₹44.03 lacs for Q3FY26, compared to a net profit of ₹86.19 lacs in the corresponding quarter of the previous year. Revenue from operations declined significantly to ₹819.33 lacs in Q3FY26 from ₹1,167.18 lacs in Q3FY25, representing a 29.8% year-on-year decrease.

Nine Months Performance Analysis

For the nine months ended December 31, 2025, the company's financial performance showed continued deterioration. Revenue from operations dropped to ₹2,341.09 lacs from ₹3,575.72 lacs in the corresponding period of the previous year, marking a 34.5% decline. The company reported a net loss of ₹235.32 lacs for the nine-month period compared to a loss of ₹21.16 lacs in the previous year.

Operational Challenges and Strategic Response

The Audit Committee informed the board about accumulated operational losses primarily attributed to high finance costs, resulting in erosion of the company's net worth. Finance costs remained elevated at ₹42.00 lacs for Q3FY26 compared to ₹49.42 lacs in Q3FY25. The board has authorized Managing Director Mr. Aditya Chachan to submit a detailed report outlining various loss mitigation possibilities explored over recent months.

Loss Mitigation Authorization

To address the financial challenges, the board approved several strategic recovery measures including complete valuation of all assets and liabilities, exploring independent investor onboarding, and considering unsecured loan infusion by promoters. The board has empowered the Managing Director to approach relevant entities including bankers, valuers, and other stakeholders to implement approved recovery strategies.

Regulatory Compliance and Corporate Details

The company operates under CIN L27109TG1990PLC012099 and trades on the Bombay Stock Exchange with scrip code 513513. The unaudited results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by statutory auditors Dagliya & Co., Chartered Accountants. The company maintains a paid-up equity share capital of ₹535.00 lacs with face value of ₹10 per share, focusing on manufacturing bright steel bars and wires as its single reportable segment.