Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, we wish to inform you that in compliance with the Hon''ble National Company Law Tribunal ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aanchal Ispat Ltd has informed BSE that an Implementation and Monitoring Committee (IMC) has been constituted following the NCLT Kolkata Bench's order dated March 27, 2025, which approved a Resolution Plan for the company under the Insolvency and Bankruptcy Code. The IMC comprises the Resolution Professional (CA Santanu Brahma), a representative from financial creditors (Mr. Samir Ghosh from Karur Vysya Bank), and the Successful Resolution Applicant (Mr. Mukesh Goel). The first IMC meeting was held on May 13, 2025, where matters including the committee's constitution, appointment of the Ex-RP as Chairperson, quorum requirements, and filing of the NCLT order with various authorities were discussed.
This confirms that Aanchal Ispat has emerged from the corporate insolvency resolution process with a new management (Mukesh Goel as MD). Existing shareholders should expect significant changes, as IBC resolution plans typically involve substantial equity dilution or restructuring, which may adversely affect existing shareholdings. The stock could see heightened volatility as the resolution plan is implemented.