Aanchal Ispat to Raise ₹86.5 Cr via Warrants

Aanchal Ispat Ltd announced that its Board of Directors has approved the raising of funds up to ₹86.51 crore through the issuance of 10,55,000 Fully Convertible Warrants on a preferential basis. Each warrant has a face value of ₹10 and is priced at ₹82, convertible into an equivalent number of equity shares within 18 months. This issuance is subject to shareholder and regulatory approvals. The company also plans to alter its Articles of Association to facilitate such issuances and has scheduled an Extraordinary General Meeting (EGM) on July 23, 2026, to seek shareholder consent. Manisha Saraf & Associates has been appointed as the scrutinizer for the e-voting process at the EGM.