Aanchal Ispat Limited’s Board of Directors has approved the preferential allotment of 7,26,829 Fully Convertible Warrants to promoter Mr. Mukesh Goel. Each warrant is convertible into one equity share at an issue price of Rs. 82 per warrant. The total value of the allotment aggregates to Rs. 5,95,99,978. The company has received 25% of the issue price, amounting to Rs. 1,49,00,000, upfront.
Aanchal Ispat Board Approves Warrants for Promoter
The Board of Directors of Aanchal Ispat Limited met on October 30, 2026, and approved the allotment of 7,26,829 Fully Convertible Warrants on a preferential basis. These warrants are convertible into one fully paid-up equity share of the company, each with a face value of Rs. 10.
Key Allotment Details
- Allotment Type: Preferential issue of Warrants
- Total Warrants Allotted: 7,26,829
- Issue Price Per Warrant: Rs. 82/- (including Rs. 10 face value and Rs. 72 premium)
- Total Allotment Value: Rs. 5,95,99,978/-
- Allottee: Mr. Mukesh Goel (Promoter category)
- Upfront Payment Received: Rs. 1,49,00,000/- (25% of the issue price)
- Balance Payment: Rs. 61.50 per Warrant, payable upon exercise.
Convertibility and Tenure
Each Warrant can be converted into one equity share of the Company at the holder’s option, within 18 months from the allotment date. Mr. Mukesh Goel, being an interested Director, did not participate in the discussions or voting for this agenda item. The allotment is made in compliance with Chapter V of the SEBI (ICDR) Regulations, 2018.
Shareholding Impact
Prior to this allotment, Mr. Mukesh Goel held 21,24,998 equity shares, representing 50.20% of the company’s equity. Assuming full conversion of these warrants, his shareholding would increase to approximately 57.49% (28,51,827 equity shares). However, this allotment of warrants does not immediately change his equity shareholding; the change will occur upon conversion.
Source: BSE
