Ashirwad Steels & Industries has informed that the company on November 22, 2018 has approved the sale of its Sponge Iron Industrial Unit/Undertaking situated at District Nalgonda, Telengana, to MPL Steel Industries on a slump sale basis. The Board had already taken the requisite approval of the shareholders of the company in this matter vide postal ballot notice dated June 25, 2018.
The above information is a part of company’s filings submitted to BSE.