Aanchal Ispat Allots 7.26 Lakh Warrants to Promoter for ₹5.96 Cr

Aanchal Ispat Limited's Board of Directors has approved the allotment of 7,26,829 Fully Convertible Warrants to promoter Mr. Mukesh Goel for cash, on a preferential basis. Each warrant is convertible into one equity share of face value Rs. 10/- at an issue price of Rs. 82/- per warrant (Rs. 10 face value + Rs. 72 premium), aggregating to Rs. 5,95,99,978/- (₹5.96 Crore). The company has received 25% of the issue price, amounting to Rs. 1,49,00,000/-, upfront. The remaining 75% is payable upon exercise of the warrants within 18 months. This allotment is part of the 10,55,000 warrants previously approved by shareholders. Mr. Goel, an interested director, abstained from voting on this matter. Post-conversion, his shareholding is projected to increase from 50.20% to approximately 57.49%.