Aditya Ispat Ltd

Aditya Ispat Ltd — Closure of trading window from Oct 1, 2026 for Unaudited Financial Results for Quarter and Half Year Ended September 30, 2026; reopening on expiry of 48 hours post the date of declaration of Unaudited Financial Results for Quarter and Half Year Ended September 30, 2026

AGM mechanics

• AGM scheduled for 30 September 2026 at 5:30 PM via VC/OAVM.
• Register of members and transfer books closed 24–30 September 2026 (inclusive).
• E-voting cut-off date set at 23 September 2026.
• E-voting period runs 27 September 2026 9:00 AM to 29 September 2026 5:00 PM.

Financial snapshot

• Revenue from operations: 3277.93 Rs Lakhs in FY2025-26 (down from 4393.06).
• Total income: 3280.82 Rs Lakhs in FY2025-26.
• EBITDA before interest and tax: -650.26 Rs Lakhs.
• Net profit after tax: -857.62 Rs Lakhs.
• Earnings per share: (16.03) Rs.
• Total comprehensive income: (855.70) Rs Lakhs.
• OCI (net of tax): 1.92 Rs Lakhs.

Margins & returns

• EBITDA margin: (19.84)% for FY2025-26.
• Net profit margin: (26.16)%.
• ROE: 11.35%.
• ROCE: (0.31)%.
• Debt-equity ratio: (37.14) times.
• Gearing: 103%.

Balance sheet & liquidity

• Net worth: (75.58) Rs Lakhs.
• Total assets: 3261.56 Rs Lakhs.
• Total borrowings: 2807.46 Rs Lakhs.
• Current ratio: 0.98x.
• Cash & cash equivalents: 13.41 Rs Lakhs.
• Equity share capital: 535.00 Rs Lakhs.
• Liabilities include current liabilities of 3337.14 Rs Lakhs.

Cash flows

• Net cash from investing activities: 1.24 Rs Lakhs (outflow).
• Net cash used in financing activities: 71.38 Rs Lakhs.
• Net cash flow for the year: 4.79 Rs Lakhs.
• Ending cash balance: 13.41 Rs Lakhs.

Capital reduction proposal

• Scheme to reduce paid-up capital from Rs 5,35,00,000 to Rs 26,75,000.
• Reduce by cancelling 50,82,500 equity shares; write off Rs 5,08,25,000.
• Shareholders receive 1 new equity share for 20 existing.
• Subject to NCLT confirmation and other approvals.
• No transfer of assets or liabilities; balance sheet becomes leaner.

Governance & board changes

• Mr Vemula Jalaprasad appointed Additional Director on 23-03-2026.
• To be regularised as Wholetime ED for 3 years (Mar 2026–Mar 2029).
• Mrs Usha Chachan ceased as Director on 21-03-2026.
• Smt Sushila Kabra retires by rotation; re-appointment proposed.
• Managing Director remuneration: Rs 12 Lakhs for 2025-26.

Outlook, risks & opportunities

• Indian steel demand expected to grow; infrastructure capex supports.
• Company to focus on alloy steel trading; sale of non-alloy business to Jai Bapji Ispat Pvt Ltd.
• Risks: raw material price volatility and competition from small players.
• Opportunities: expand Bright Bars capacity and regional reach.

agm details

• Scheduled for 30 September 2026 at 5:30 PM via VC/OAVM.

record closure

• Register of Members closed 24–30 September 2026.

ordinary resolutions

• Adopt audited financial statements for the year ended 31 March 2026.
• Re-appoint Smt. Sushila Kabra as Director, retiring by rotation.

special resolutions

• Regularize Vemula Jalaprasad as Wholetime Executive Director for 3-year term.
• Scheme of reduction of share capital by writing off accumulated losses.

AGM and notices

• AGM scheduled for 30 September 2026 at 5:30 PM via VC/OVAM.
• Notice of 35th AGM and Director's report for FY ended 31 March 2026 approved with annexures.
• Register of Members and Share Transfer Books closure from 24 Sep 2026 to 30 Sep 2026.

Financial statements approved

• Annual Report for FY 2025-26 approved with annexures.
• Secretarial Audit Report for FY 2025-26 approved.

EVoting arrangements

• Record/Cut-off date fixed at 23 September 2026 for e-voting.
• CDSL appointed to handle e-voting for the AGM.
• Remote e-voting period fixed from 27 September 2026 09:00 to 29 September 2026 17:00.

Directors and management

• Recommend re-appointment of Mrs. Sushila Kabra as Director retiring by rotation.
• Recommend regularizing Mr. Vemula Jalaprasad as Executive WTD for 3 years from 23 Mar 2026; subject to shareholders' approval.

Capital reduction scheme

• Approved Scheme of Reduction of Capital; subject to shareholder and NCLT approvals.
• Cancels 50,82,500 shares; paid-up reduces to Rs 26,75,000.
• Rs 5,08,25,000 accumulated losses set off against reduced capital.
• Post-reduction shareholding unchanged; no consideration paid.
• Scheme aims to improve net worth and simplify capital structure; website filing after BSE filing.
• Approval requires shareholders, Hyderabad NCLT, and other regulatory consents.

Slump sale extension

• Related party slump sale of non-alloy steel business to Jai Bapji Ispat Private Limited under going concern basis.
• Effective from 01-03-2026.
• New completion date now 31-10-2026, up from 31-08-2026.
• Delay due to pre-closing actions and administrative/operational difficulties.
• Disclosure filed under SEBI Listing Regulations.

Result update

• Board approved unaudited results for quarter ended 30 June 2026.
• Limited Review Report by statutory auditors attached.
• No associates, joint ventures, or subsidiaries; no consolidation required.

Financial results

• Approved the unaudited financial results for the quarter ended 30 June 2026.