Aanchal Ispat Ltd — Results, 01-07-2025: Result

Aanchal Ispat Limited has announced a board meeting on which approved the audited financial results for the quarter and half-year. The company reported a net loss of ₹13.05 Cr for the year ended March 31, 2025, impacted by exceptional items including a ₹39.38 Cr gain from liability settlement and a ₹50.87 Cr write-off of non-recoverable trade receivables, loans, and advances. The company’s net worth remains positive but has declined over five years due to losses and limited cash flow. Following approval of a resolution plan by NCLT, the company is undergoing operational restructuring, fund infusion, liability settlements, and board reconstitution. Cash flow from operations was negative ₹2.68 Cr, reflecting ongoing financial stress, though management expects improvement through the resolution plan’s implementation. Key management positions were vacant during the year but appointed post-CIRP completion. Related-party transactions account for most purchases and sales, conducted at arm’s length. The financials are prepared on a going concern basis considering the resolution plan’s revival prospects.