Aanchal Ispat Board Approves Fund Raise Via Warrants

Aanchal Ispat Limited's Board of Directors, in a meeting held on June 23, 2026, approved the raising of funds up to ₹8,65,10,000 by issuing 10,55,000 Fully Convertible Warrants at ₹82 per warrant. These warrants are convertible into equity shares within 18 months, subject to shareholder and regulatory approvals. The Board also approved amendments to the Articles of Association to facilitate such issuances and decided to convene an Extraordinary General Meeting (EGM) on July 23, 2026, to seek shareholder consent. Manisha Saraf & Associates was appointed as the scrutinizer for the e-voting process at the EGM.