Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 we wish to inform you that the EGM of the company is scheduled to be held on Thursday, 19.02.2026 at 01.30 PM through VC/OAVM ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aanchal Ispat Limited has called an EGM on 19 February 2026 at 1:30 PM (via video conferencing) to seek shareholder approval for six special business items. The key items include a proposed name change from 'Aanchal Ispat Limited' to 'Montera Limited' (already cleared by MCA RUN approval dated 7 January 2026) and an expansion of the company's objects clause to add businesses in electrical products, engineering/contracting, and railway components. Shareholders will also be asked to approve enhanced borrowing powers of up to ₹100 crore under Section 180(1)(a) and 180(1)(c). Additionally, the company is seeking approval for loans/guarantees up to ₹50 crore under Section 185, loans/investments up to ₹60 crore and ₹80 crore respectively under Section 186, and related party transactions with entities such as Maina International, Maina Securities, Pratik Suppliers, and Penguin Creation — some with annual transaction values up to ₹100 crore. The book closure runs from 13–19 February 2026 and e-voting is open from 16–18 February 2026.
If approved, the company will rebrand to Montera Limited and signal a strategic shift away from its steel-focused identity, while also gaining significant headroom to raise debt (up to ₹100 crore) and engage in large related-party dealings. Shareholders should review the scale of related party transactions (cumulatively running into hundreds of crores) and the expansion of business activities, as these could materially reshape the company's risk and growth profile. The outcome of the EGM will be a key catalyst for the stock in the near term.