Aanchal Ispat EGM approves AOA change and promoter warrant issue
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Aanchal Ispat held its EGM on 23 July 2026 via video conferencing with 28 members attending. Two special businesses were tabled: alteration of Articles of Association to permit issuance of convertible securities, and issue of Fully Convertible Warrants to the promoter on a preferential basis. The chairman briefed on the revival journey and CFO highlighted financial progress. Funds from the warrant issue will meet obligations under the approved Resolution Plan. E-voting results are pending the scrutineers report.
Promoter warrant issue may dilute existing non-promoter holdings, though funds will support the company revival plan.