Aanchal Ispat Ltd — Updates, 06-05-2025: Company Update

Aanchal Ispat Limited has announced a board meeting that approved significant capital restructuring under a resolution plan by the NCLT. The company canceled 65.98 lakh promoter shares, reducing their holding to zero. The face value of shares was first reduced from Rs.10 to Re.0.10, then consolidated back to Rs.10, resulting in 14.26 lakh shares pre-consolidation and 1.42 lakh shares post-consolidation. Subsequently, 26.91 lakh equity shares were allotted to Mr. Mukesh Goel and his representatives via equity infusion of Rs. 2.69 Cr, who now hold 95% of the company, with public shareholders holding the remaining 5%. This restructuring reduces paid-up capital from Rs. 208.54 Cr to Rs. 28.33 Cr and marks a fresh promoter entry, impacting ownership and control.