Pursuant to Regulation 30, of the SEBI (LODR) Regulations, 2015 read with Schedule III, the Successful Resolution Applicant of the company considered and approved appointment of the Directors ....
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Aanchal Ispat underwent a complete board change after the NCLT Kolkata approved the resolution plan of Mr. Mukesh Goel under the IBC process. All five existing directors and the CFO ceased to hold office from March 27, 2025. A new board was constituted effective April 10, 2025, with Mr. Mukesh Goel reappointed as Managing Director for 5 years, his brother Mr. Manoj Goel as Non-Executive Director, and Ms. Chetna and Ms. Nilu Nigania as Non-Executive Independent Directors for 5-year terms. Mukesh Goel is the Successful Resolution Applicant, signaling a change in control of the company post-insolvency.
Shareholders should note this represents a fresh start for the company post-IBC with a new controlling group (the Goel family) at the helm. The Goel brothers' presence as MD and Non-Executive Director signals concentrated family control, while the appointment of two independent directors brings some balance. This is a structural change that may affect future strategy and minority shareholder interests.