Aanchal Ispat Ltd

BSE: 538812

total announcements

538812.BO · 15 min delayed

BSECompany Update▲ PositiveFundraise23 Jun 2026

Aanchal Ispat Ltd

We hereby inform you that the BOD of the company at its meeting held today, June 23, 2026 has inter alia approved the raising of funds by issuance of warrants on Preferential basis ....

Aanchal Ispat Ltd's Board has approved raising funds up to Rs. 8.65 crore by issuing 10.55 lakh fully convertible warrants on a preferential basis to the promoter category. Each warrant is priced at Rs. 82 and will be convertible into one equity share within 18 months. An amount equivalent to 25% of the warrant issue price is payable upfront. This fundraise is subject to shareholder approval and is being done in compliance with the Companies Act and SEBI ICDR Regulations.

Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III of the said Regulations, we inform you that the Board of ....

Aanchal Ispat Ltd's board has approved a preferential issue of up to 1,055,000 fully convertible warrants to its promoter category at a price of Rs. 82 per warrant, aiming to raise approximately Rs. 8.65 crore. These warrants will be convertible into equity shares within 18 months. The company also decided to amend its Articles of Association to allow for future issuance of various convertible securities. An Extraordinary General Meeting (EGM) is scheduled for July 23, 2026, to seek shareholder approval for these proposals.