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

Aanchal Ispat Limited has announced a board meeting in which it approved a significant capital restructuring as part of the resolution plan led by Mr. Mukesh Goel. The company cancelled 65.98 lakh promoter shares, reducing the paid-up share capital drastically from Rs. 208.54 Cr (2.08 crore shares at Rs.10 each) to Rs. 28.33 Cr (28.33 lakh shares at Rs.10 each) through share cancellation, face value reduction to Re.0.10, and subsequent consolidation to Rs.10 per share. Following this, 26.91 lakh equity shares were allotted to Mr. Mukesh Goel via equity infusion of Rs. 26.91 Cr, making him the new major promoter with a 95% stake, leaving public shareholders with 5%. This restructuring clears previous promoter holdings and aligns ownership with the approved resolution applicant, indicating a fresh capital and control structure aimed at stabilizing the company’s future.