Pursuant to Regulation 30 and 33, read with Schedule III of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors of the company in their meeting held on 14.11.2025 ....
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Awaiting price reaction for this filing.
Aanchal Ispat reported Q2 FY26 revenue of ₹1,830.36 lakhs, down from ₹3,874.01 lakhs in Q2 FY25 (a ~53% YoY decline). H1 FY26 revenue stood at ₹4,097.46 lakhs versus ₹8,272.89 lakhs in H1 FY25, reflecting weak demand or operational scale-down. Despite the revenue fall, the company swung to a profit of ₹21.14 lakhs in Q2 (vs a ₹15.35 lakh loss a year ago) and posted H1 PAT of ₹25.89 lakhs. Other Equity turned positive at ₹356.74 lakhs (from negative ₹1,740.26 lakhs in March 2025) following the NCLT-approved Resolution Plan. The auditor flagged several emphasis-of-matter points: the going concern basis relies on Resolution Plan implementation, the first installment payment to creditors has been delayed with the matter before NCLT (next hearing 2 January 2026), shares remain suspended from BSE trading, related-party transactions with sister concern Maina International (~13–15% of sales/purchases), and a BSE penalty of ₹6.82 lakhs treated as contingent liability. Operating cash flow was negative at ₹260.86 lakhs in H1.
Short-term, the profit turnaround and positive other equity on paper are positive signals post-Resolution Plan, but the steep revenue decline, suspended share trading, ongoing NCLT proceedings on missed payments, and negative operating cash flow mean shareholders remain in a wait-and-watch situation until the NCLT hearing and BSE relisting approval come through.