Announced Tue, 23 Jun · 18:33 IST
Board approves preferential warrants issue worth Rs.8.65 crore to promoter
Fund Raising View source PDF
Price
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₹102.26
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AI summary
Aanchal Ispat board approved issuing up to 10,55,000 fully convertible warrants at Rs.82 each to promoter Mukesh Goel on preferential basis, raising up to Rs.8.65 crore. Each warrant is convertible into one equity share within 18 months. Goel's stake will rise from 50.20 percent to 60.13 percent on full conversion. EGM set for July 23, 2026 for shareholder approval.
Likely market impact
Promoter increasing stake signals confidence; potential dilution for existing shareholders if warrants are exercised into shares.