Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in reference to the record date fixed as 30th April, 2025 and order received from ....
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Aanchal Ispat's board has implemented a complete capital restructuring as directed by the NCLT Kolkata bench, which approved a Resolution Plan by Mr. Mukesh Goel on 27 March 2025. The entire shareholding of the erstwhile promoters (65,98,642 shares, 31.64%) has been cancelled without any payout. The company first slashed face value from Rs.10 to Re.0.10 and then consolidated back to Rs.10, wiping out 1,938 small shareholders to zero. Finally, 26,90,723 fresh equity shares were allotted to Mr. Mukesh Goel for Rs.2.69 crore, giving him 95% of the company while public shareholders were left with just 5%. Paid-up capital has shrunk sharply from Rs.20.85 crore (2.08 crore shares) to Rs.2.83 crore (28.33 lakh shares).
This is a textbook IBC takeover outcome — existing public shareholders have been massively diluted (from roughly 68% to 5%) and 1,938 shareholders received nothing. Mr. Mukesh Goel effectively gains control of the listed entity for about Rs.2.69 crore. The stock is likely to see sharp price discovery as the new, much smaller equity base begins trading with an entirely new controlling shareholder.