Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 with reference to the Hon''ble NCLT order dated 27.03.2025 and with reference to the Resolution plan of Mr. Mukesh Goel (Successful ....
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Aanchal Ispat Limited has constituted a new board following the approval of Mr. Mukesh Goel's resolution plan by the NCLT Kolkata bench on March 27, 2025. Under the approved plan, Mr. Mukesh Goel has been appointed as Managing Director for 5 years, Mr. Manoj Goel as Non-Executive Director, and Ms. Chetna and Ms. Nilu Nigania as Non-Executive Independent Directors for 5-year terms each. All previous directors and the CFO ceased to hold office from March 27, 2025, due to the NCLT order in the insolvency proceedings (CP(IB) No. 1518/(KB)/ 2020). The Goel brothers are now effectively running the company under the new management structure.
This marks the successful completion of the corporate insolvency resolution process, with the Goel family group taking over management control. Shareholders should expect a restructuring phase and should monitor how the new management steers the steel and iron business going forward.