Restructuring of the Share Capital of the company as per the approved Resolution plan.
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 has completed share capital restructuring as per the Resolution Plan approved by the NCLT Kolkata bench on 27 March 2025, under IBC proceedings (CP(IB) No. 1518/(KB)/2020). The erstwhile promoters' 65,98,642 shares (31.64%) have been cancelled with no payout. The face value was first reduced from Rs.10 to Re.0.10 and then consolidated back to Rs.10, leaving public shareholders with 1,42,608 shares. Mr. Mukesh Goel, the Successful Resolution Applicant, has been allotted 26,90,723 fresh equity shares for Rs. 2.69 crore. Post-restructuring, paid-up capital stands reduced from Rs. 20.85 crore (2.08 crore shares) to Rs. 2.83 crore (28.33 lakh shares), with Mr. Goel holding 95% and existing public shareholders holding 5%. About 1,938 shareholders received no shares due to fractional entitlements being rounded off.
This marks the formal emergence of the company from insolvency under the IBC, with a new promoter (Mr. Mukesh Goel) taking control. Existing public shareholders have been heavily diluted (down to 5%), and the sharp reduction in paid-up capital and share count will significantly affect share price discovery and trading liquidity. Shareholders should expect a structural reset in the stock.