Aanchal Ispat Ltd — Important, 23-06-2026: Company Update

Aanchal Ispat Limited's board has approved issuing up to 10.55 lakh fully convertible warrants at Rs. 82 each, totaling Rs. 8.65 Cr, on a preferential basis to its promoter. These warrants can be converted into equity shares within 18 months, potentially boosting promoter holding to 60.13% post-conversion. The board also approved altering the company's Articles of Association to allow for future issuance of various convertible securities. An Extraordinary General Meeting will be held on Thursday, July 23, 2026, to seek shareholder approval for these crucial capital-raising and structural changes, aiming to strengthen the company's financial position and provide flexibility for future funding.