AANCHAL ISPAT LIMITED
Board Meeting Details
The Board of Directors meeting commenced at 04:30 p.m. and concluded at 05:00 p.m. on Friday, July 17, 2026.
Key Decisions Approved
1. Rights Issue Approval: The Board approved raising funds through a rights issue of equity shares to existing shareholders for an aggregate amount of up to ₹15 crores (Rupees Fifteen Crores only).
- The specific issue price and right entitlement ratio will be determined by the Board at a later date
- The issuance is subject to necessary approvals and consents required under applicable laws
- Regulatory frameworks governing the issue include: SEBI (ICDR) Regulations, 2018 (as amended), SEBI (LODR) Regulations, 2015 (as amended), and Companies Act, 2013 (as amended)
2. Intermediary Appointment: The Board approved appointment of required intermediaries to carry out all obligations related to the rights issue of equity shares and to seek listing permission from BSE.
Additional Details from Annexure I
The annexure provides specific details as required under SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015:
- Type of securities to be issued: Equity Shares
- Type of issuance: Rights Issue
- Total amount for which securities will be issued: Not exceeding ₹15 crore (Rupees Fifteen Crores only)