Aanchal Ispat Ltd — Board Meeting, 06-05-2025: Board Meeting

Aanchal Ispat Limited has announced a board meeting on which key decisions were approved under a resolution plan by the NCLT Kolkata bench. The company cancelled 65.98 lakh equity shares held by the promoters, eliminating their stake. The share capital was restructured by reducing the face value from Rs. 10 to Re. 0.10 per share, then consolidated back to Rs. 10 per share, resulting in a reduced paid-up capital of Rs. 2.83 Cr across 28.33 lakh shares. Mr. Mukesh Goel, the Successful Resolution Applicant, infused Rs. 2.69 Cr via allotment of 26.9 lakh equity shares, acquiring 95% ownership, with remaining shares held by existing public shareholders. This restructuring marks a major ownership and capital overhaul, effectively replacing promoters and infusing fresh capital, setting a new direction for the company.