ASL Industries Limited was originally formed in Bihar, as a Partnership Firm on September 1, 1983, under the name 'Ajanta Industries'. Thereafter 'Ajanta Industries' converted from a Partnership Firm to a Private Limited Company as 'Ajanta Composite Private Limited', dated February 20, 1992, issued by Registrar of Companies. The name of the Company was changed to 'ASL Industries Private Limited', and a fresh Certificate of Incorporation dated January 22, 2003, consequent upon change of name, issued by Registrar of Companies.
Subsequently, the Company converted into Public Limited Company and the name of the Company was changed to 'ASL Industries Limited' and a fresh Certificate of Incorporation dated March 15, 2016, was issued by Registrar of Companies.
The Company is engaged in the business of manufacturing of forged products and press shop for sheet metal products. The company products have varied applications and are used in various industries like railway, defense, and automobile. The existing manufacturing unit of the Company is located at Jamshedpur, Jharkhand.
The existing unit has a machine shop for the rough and finish machining components, heat treatment facilities, and also in-house die making facilities, CNC and VMC horizontal and vertical centers, light, medium and heavy fabrication, assembly and sheet metal press shop.
The company is an ISO 14001:2015 and has obtained OHSAS 18001:2007 certifications for adhering to global standards in occupational he ...alth and safety management. The company is also an ISO/TS 16949:2009 certified by Bureau Veritas certification for pressed, fabricated, machined and assembled components from sheet metals and forgings.
The Company acquired the Forging Division from ASL Enterprises Limited through Slump Sale Agreement dated in March, 2015 on a going concern basis. In terms of consideration, the Company allotted 3,58,209 Equity Shares towards acquisition of forging division of ASL Enterprises Ltd.
In April 2017, the Company came up with a Public Issue of 28,00,000 Equity Shares by raising equity funds aggregating Rs 9.8 Crore.
In 2022-23, the Company disposed off its entire plant and machineries and used the sale proceeds for given short-term loans and
advances to generate income.
FAQs on ASL Industries Ltd
1. Can I buy ASL Industries Ltd from PL Capital? ›
Yes, you can invest in ASL Industries Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track ASL Industries Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade ASL Industries Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does ASL Industries Ltd pay dividends? ›
ASL Industries Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of ASL Industries Ltd ? ›
As of
05-Feb-2026 , 15:31:10 the share price for ASL Industries Ltd. is ₹ 116.1 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of ASL Industries Ltd ? ›
The 52-week high and low of ASL Industries Ltd share price is ₹ 29 - ₹ 118.6 as of
05-Feb-2026 , 15:31:10 .
