Latest news about Aditya Ispat
Aditya Ispat
9.32
-0.13(-1.38%)
Company Performance:
View Company Insights1D-1.38%
1M+3.56%
6M-0.96%
1Y-5.86%
5Y-6.80%
More news about Aditya Ispat
01Apr 26
Aditya Ispat Executes ₹3.68 Crore Business Transfer Agreement with Jai Bapji Ispat
Aditya Ispat Limited successfully executed a Business Transfer Agreement with Jai Bapji Ispat Private Limited for the slump sale of its manufacturing and trading activity of non-alloy steel business at ₹3.68 crore consideration. The transaction, effective from March 1, 2026, received overwhelming shareholder approval of 99.98% through postal ballot and represents a strategic restructuring to address sustained losses and improve financial position.
24Mar 26
Aditya Ispat Appoints Mr. Vemula Jalaprasad as Executive Director Post Board Changes
Aditya Ispat Limited conducted a board meeting on March 23, 2026, appointing Mr. Vemula Jalaprasad as Additional Director and Executive Director for three years, while acknowledging Mrs. Usha Chachan's resignation. The appointment follows Nomination and Remuneration Committee recommendations and requires shareholder approval at the next AGM.
26Feb 26
Aditya Ispat Limited Notifies BSE of Postal Ballot for ₹36.76 Crore Slump Sale
Aditya Ispat Limited has formally notified BSE about its postal ballot notice for the ₹36.76 crore slump sale of its non-alloy steel manufacturing and trading business to related party Jai Bapji Ispat Private Limited. The transaction, representing 97.75% of company turnover, requires shareholder approval through two resolutions addressing the slump sale and related party transaction aspects, with e-voting scheduled from February 28 to March 29, 2026.
16Feb 26
Aditya Ispat Promoters Pledge 13.01 Lakh Shares Worth Rs 1.30 Crore for Company Loan
Aditya Ispat Limited has disclosed the creation of pledge on 13.01 lakh equity shares by promoters and promoter group members to Pillar Investment Company Limited on February 12, 2026. The pledged shares worth Rs 1.30 crore serve as collateral for a Rs 1.25 crore loan to reduce bank exposure, with formal regulatory disclosure made under SEBI regulations.
06Feb 26
Aditya Ispat Reports Q3FY26 Net Loss of ₹44.03 Lacs, Revenue Declines 29.8% YoY
Aditya Ispat Limited's Q3FY26 results revealed significant financial challenges with net loss of ₹44.03 lacs and revenue declining 29.8% year-on-year to ₹819.33 lacs. The nine-month performance showed continued deterioration with losses expanding to ₹235.32 lacs from ₹21.16 lacs in the previous year. The board has authorized comprehensive recovery measures including asset valuation, investor engagement, and potential promoter support to address mounting operational losses attributed to high finance costs.
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