Aanchal Ispat Allots Warrants Worth ₹5.96 Cr to Promoter

Aanchal Ispat Limited announced the Board of Directors' approval for the allotment of 7,26,829 Fully Convertible Warrants to Mr. Mukesh Goel, a promoter, 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, aggregating to Rs. 5,95,99,978/-. 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 a larger approved issuance of 10,55,000 warrants.