pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015 we wish to inform you that the board of Directors of the company at its meeting held today, i.e. 30.10.2026 has considered and approved allotment of 7,26,829 fully convertible warrants of face value of Rs.10/- each at an issue price of Rs.82/- per warrant to Mr. Mukesh Goel (Promoter of the company) on preferential basis as per applicable laws.

AANCHAL ISPAT LIMITED AN IS0 9001:2015 COMPANY Noaad MAKE IN INDIA Date: 30.10.2026 BSE Limited Corporate Office, Phiroze Jee Jee Bhoy Towers, Dalal Street, Mumbai - 400001. Dear Sir/ Madam, Sub: Outcome of the meeting of board of directors held on October 30, 2026 — allotment of fully convertible warrants on preferential basis. Ref: Aanchal Ispat Limited, Scrip Code — 538812 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., Friday, October 30, 2026, has considered and approved the allotment of 7,26,829 (Seven Lakh Twenty- Six Thousand Eight Hundred and Twenty-Nine) Fully Convertible Warrants ("Warrants"), each convertible into 1 (one) fully paid-up equity share of the Company having a face value of Rs. 10/- (Rupees Ten only), at an issue price of Rs. 82/- (Rupees Eighty-Two only) per Warrant, comprising a face value of Rs. 10/- and a premium of Rs. 72/- per Warrant, aggregating to Rs. 5,95,99,978/- (Rupees Five Crore Ninety-Five Lakh Ninety-Nine Thousand Nine Hundred and Seventy-Eight only), on a preferential basis, for cash, to Mr. Mukesh Goel, belonging to the Promoter category, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the applicable provisions of the Companies Act, 2013 and the Rules made thereunder. The Members of the Company had approved the issuance of up to 10,55,000 Fully Convertible Warrants by way ofa Special Resolution passed at the Extra-Ordinary General Meeting held on Thursday, July 23, 2026. Further, the Company had received the in-principle approval from BSE Limited vide its letter bearing reference no. LOD/PREF/SS/FIP/967/2026-27 dated October 16, 2026, for the proposed preferential allotment of 10,55,000 Warrants. The Company has received an amount of Rs. 1,49,00,000 /- (Rupees One Crore Forty-Nine Lakhs only) from the allottee on October 30, 2026, towards 25% of the issue price of Rs. 82/- per Warrant, i.e., Rs. 20.50 per Warrant, in respect of 7,26,829 Warrants allotted by the Board. The balance 75% of the issue price, amounting to Rs. 61.50 per Warrant, shall be payable by the Warrant holder at the time of exercise of the option to convert the Warrants into fully paid-up equity shares of the Company. Each Warrant is convertible into 1 (one) fully paid-up equity share of the Company of face value Rs. 10/~ each, at the option of the Warrant holder, in one or more tranches, within a period of 18 (elghteen) months from the date of allotment of the Warrants, in accordance with the applicable provisions of the SEB[ (ICDR) Regulations, 2018. UAN : WB10C0007296 GSTIN : 19AAACV8542M1ZQ CIN : L27106WB1996PLC076866 MSME : UDYAM-WB-08-0007012 ) Visit us as www.aanchalispat.com 3 _e "ZEEN Serpt Code. su17> el Email : info@aanchalispat.com | aanchalispat996@gmail.com @ Relicon B SE E Registered Off: iNatcioneal Highway No.6, Chamrail, Howrah 711114 strangth bayond steal m...__ Cutaa: e powen orvence AANCHAL ISPAT LIMITED AN 1SO 9001:2015 COMPANY N s ad MAKE IN INDIA It may be noted that the allotment of 7,26,829 Warrants has been made against the upfront consideration received from the allottee, out of the 10,55,000 Warrants approved by the Members of the Company and covered under the aforesaid in-principle approval of BSE Limited. Mr. Mukesh Goel, being the allottee and an interested Director in the aforesaid agenda item, did not participate in the discussions or voting on the said matter. The details required under Regulation 30 oft he SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Circular dated July 13, 2023 (SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123), are enclosed herewith as Annexure 1. The meeting of the Board of Directors of the Company commenced at 06:00 P.M. and concluded at 06:45 P.M. You are requested to kindly take the above information on record. Thanking you, " Yours faithfully, For Aanchal Ispat Limited Aparna Sharma (Company Secretary & Compliance Officer) UAN : WB10C0007296 GSTIN : 19AAACV8542M1ZQ CIN : L27106WB1996PLC076866 MSME : UDYAM-WB-08-0007012 Visit us as www.aanchalispat.com 3 Email : info@aanchalispat.com | aanchalispat1996@gmail.com & elicon Registered Office : National Highway No.6, Chamrail, Howrah 711114 strength beyond steel cwr, AANCHAL ISPAT LIMITED AN 1SO 9001:2015 COMPANY Naad MAKE IN INDIA Annexure I The details required to be disclosed under Regulation 30 oft he SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular dated July 13, 2023 are as under: Sr. Particulars Details 1 Type of securities allotted Fully Convertible Warrants, each convertible into, or exchangeable for, 1 (one) fully paid-up equity share of the Company of face value Rs. 10/- each 2 Type of issuance Preferential issue of Warrants in accordance with Chapter V' of the SEBI (ICDR) Regulations, 2018 read with the Companies Act, 2013 and the Rules made thereunder. 3 aTo nt da l ton tu alm be ar ouo nf ts ec fu or ri ti we hs ical hl ot tt he ed H7, u2 n6 d, r8 e2 d9 a( nS de v Te wn nL ta yk h nT ew )e n Wat ry aS ni tx T ath o Ru s,s a 8n 2/d E ei ag chh ,t securities were allotted aggregating Rs. 5,95,99,978/- (Rupees Five Crores Ninety Five Lakhs Ninety Nine Thousand Nine hundred and Seventy-Eight only), payable in cash. 25% of the issue price (Rs. 20.50 per Warrant, aggregating Rs.1,49,00,000/-) has been received at the time of subscription and allotment. The balance 75% (Rs. 61.50 per Warrant) is payable on exercise oft he Warrants. 4 Issue price / allotted price Rs. 82/- per Warrant (face value Rs. 10/- plus premium Rs. 72/-) 5 Names of the investors / number of 1 (one) investor — Mr. Mukesh Goel (Promoter) investors 6 Number of Warrants allotted 7,26,829 (Seven Lakh Twenty-Six Thousand Eight Hundred and Twenty-Nine) Warrants. 7 Post-allotment of securities — Name of the Allottee: Mr. Mukesh Goel (Promoter). outcome of the subscription, issue Number of Warrants allotted: 7,26,829. Issue Price: price / allotted price (in case of Rs. 82/- per Warrant. Number of Investors: 1 (One). convertibles), number of investors Pre-preferential sharcholding: 21,24,998 equity shares (50.20%). Post-conversion shareholding (assuming conversion of all 7,26,829 Warrants): 28,51,827 equity shares (approximately 57.49%), subject to conversion of all the Warrants and assuming no other change in the Company's issued and paid-up equity share capital. The allotment of Warrants does not result in any immediate change in the equity shareholding of the allottee. The change in shareholding will take effect upon conversion of the Warrants into equity shares. UAN : WB10C0007296 GSTIN : 19AAACVB542M12Q CIN : L27106WB1996PLC076866 MSME : UDYAM-WB-08-0007012 & Visit us as www.aanchalispat.com CEEE& R& Email : info@aanchalispat.com | aanchalispat1996@gmail.com Registered Office : National Highway No.6, Chamrail, Howrah 711114 strength beyond steel o cueem: ne AANCHAL ISPAT LIMITED AN IS0 9001:2015 COMPANY N s ad MAKE IN INDIA Sr. Particulars Details 8 In case of convertibles — intimation | The tenure of the Warrants shall not exceed 18 on conversion of securities or on | (eighteen) months from the date of allotment. Each lapse of the tenure of the instrument | Warrant carries a right (o subscribe to 1 (one) equity share, which may be exercised in one or more tranches on or before the expiry of 18 months from the date of allotment. If a Warrant holder does not exercise the Warrants within 18 months from the date of allotment, the unexercised Warrants shall lapse and the amount paid on such Warrants shall stand forfeited by the Company in accordance with Regulation 169(3) of the SEBI (ICDR) Regulations, 2018. The Company shall make the requisite disclosures to the Stock Exchange(s) upon conversion of the Warrants or upon lapse of their tenure, as applicable. [Showing first 8,000 characters — download PDF for full document]