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Board allotted 7,26,829 fully convertible warrants at Rs82 each aggregating Rs5.96 Cr to promoter Mukesh Goel on preferential basis, each convertible into 1 Rs10 share in 18 months. Part of 10,55,000 warrants approved Jul 23 2026 with BSE nod Oct 16 2026. Rs1.49 Cr upfront (25%) received; Rs61.50 balance on conversion. Promoter holding to rise to 57.49% from 50.20%. No immediate equity change; dilution only on conversion within 18 months, else warrants lapse and upfront forfeited. Balance of approved 10,55,000 warrants yet to be allotted.
Aanchal Ispat Board Approves ₹15 Crore Rights Issue Fundraising
Aanchal Ispat Board Approves ₹8.65 Crore Warrant Issue to Promoter