Financials Negative

2026-08-14 17:19

CRITICAL RED FLAG DETECTED

- Q1 FY27 Standalone Revenue ₹24.76Cr vs ₹22.67Cr (▲9.2% YoY) - EBITDA ₹0.71Cr vs ₹0.21Cr (▲231.7% YoY) - PAT ₹0.55Cr vs ₹0.05Cr (▲1070.0% YoY) - EBITDA Margin 2.86% vs 0.94% (▲192bps) - Auditors noted that the reported PAT of ₹0.55 Cr for the quarter includes ₹0.53 Cr from non-recurring bad debt recoveries, which were not fully verifiable and may not be indicative of underlying operational performance. - The Board approved the appointment of M/s. Sailesh Agarwal & Associates LLP as internal auditors and Mr. Rana Ghosh as cost auditor for FY2026-27. - The company reported a delay in payment of the first instalment of ₹14 Cr and second instalment of ₹7.5 Cr under the approved Resolution Plan. - A Qualified Institutions Placement (QIP) was completed, allotting 1.4 Cr equity shares at ₹50 per share, raising ₹7 Cr.

Financials Negative

2026-08-14 17:04

CRITICAL RED FLAG DETECTED

- Q1 FY27 Standalone Revenue ₹24.76Cr vs ₹22.67Cr (▲9.22% YoY) - EBITDA ₹0.71Cr vs ₹0.21Cr (▲231.8% YoY) - PAT ₹0.55Cr vs ₹0.05Cr (▲1070% YoY) - EBITDA Margin 2.86% vs 0.94% (▲192bps) - The company reported a delay in payment of the first instalment of ₹14 crore (due Sep 23, 2025) and second instalment of ₹7.5 crore (due Mar 27, 2026) under the approved Resolution Plan. - Auditors highlighted that the reported profit was materially influenced by non-recurring bad debt recoveries (₹55.46 lakhs in PBT), with ₹53 lakhs lacking documentary evidence. - Significant related party transactions (50.24% purchases, 58.69% sales) occurred with Maina International Limited. - A Qualified Institutions Placement (QIP) of ₹7.00 crore was completed to meet Resolution Plan obligations, with post-QIP promoter holding at 50.20% and public holding at 49.80%.

Governance Neutral

2026-08-07 16:27

- Board meeting to be held on August 14, 2026. - Agenda: To consider and approve standalone unaudited financial results for the quarter ended June 30, 2026.

Governance Neutral

2026-07-25 17:47

- Submission of Scrutinizer's Report and Voting Results of the Extra-ordinary General Meeting (EGM) held on July 23, 2026. - Resolutions passed include alteration of Articles of Association and issuance of fully convertible warrants to the promoter on a preferential basis, both with 99.96% votes in favour.

Governance Positive

2026-07-23 16:38

- EGM held on July 23, 2026, to approve alteration of Articles of Association and issuance of Fully Convertible Warrants to the Promoter on a preferential basis. - Funds from warrants will meet obligations under an approved Resolution Plan, supporting the Company's revival and growth prospects.

Ownership Neutral

2026-07-18 15:38

- Aanchal Ispat Limited submitted the Draft Letter of Offer (DLOF) to BSE regarding its proposed Rights Issue. - The company plans to raise up to ₹1500.00 Lakh (₹15 Crore) through this Rights Issue. - The DLOF outlines the terms for existing equity shareholders to subscribe to the issue.

Governance Positive

2026-07-17 18:24

- Board of Directors approved raising funds up to ₹15 crores through a Rights Issue of equity shares. - The issue price and entitlement ratio will be decided by the Board, subject to necessary approvals.

Business Update Positive

2026-07-17 18:21

- The Board of Directors of Aanchal Ispat Limited approved raising funds by way of a Rights Issue on July 17, 2026. - The company will issue equity shares to existing members. - The aggregate amount to be raised through this Rights Issue is up to ₹15 crores.

Routine Neutral

2026-07-10 19:15

New Filing detected. See link for details.

Governance Neutral

2026-06-29 17:09

- EGM on July 23, 2026, at 1:30 P.M. via VC/OAVM. - Agenda: Alter Articles of Association and issue 10,55,000 convertible warrants to Promoter Mukesh Goel at ₹82 each (total ₹8.65 Cr). - Book Closure: July 17-23, 2026; E-voting: July 20-22, 2026.

Ownership Neutral

2026-06-26 12:41

- The trading window for dealing in the Company's shares will remain closed from July 1, 2026. - This closure is for Directors, KMP, and Designated persons, ahead of the unaudited financial results for the quarter ended June 30, 2026. - The window will reopen 48 hours after the declaration of the financial results.

Governance Positive

2026-06-23 18:34

- Board of Directors approved raising funds by issuing 10,55,000 Fully Convertible Warrants at ₹82 each (₹8.65 Cr) on a preferential basis to Promoter category (Mukesh Goel). - Approved altering the Articles of Association. - An EGM will be held on July 23, 2026, to seek shareholder approval for these matters.

Ownership Positive

2026-06-23 18:28

- Board approved preferential issue of up to 10,55,000 Fully Convertible Warrants at ₹82 each, aggregating ₹8.65 Cr, on a preferential basis to the Promoter category (Mukesh Goel). - The warrants are convertible into equivalent equity shares at ₹82 each within 18 months. - An Extraordinary General Meeting (EGM) will be held on July 23, 2026, to seek shareholder approval for the issuance. - Post-conversion, Promoter Mukesh Goel's shareholding is expected to increase from 50.20% to 60.13%.

Governance Neutral

2026-06-16 19:03

- Trading window closed from June 16, 2026, for Directors, KMP, and Designated persons. - Closure is linked to a Board Meeting on June 23, 2026, to consider fund-raising. - Window reopens 48 hours after the Board Meeting outcome declaration.

Governance Positive

2026-06-16 19:02

- The Board of Directors of Aanchal Ispat Limited will meet on June 23, 2026. - The agenda includes considering a proposal for fund-raising via equity shares, convertible preference shares, warrants, QIPs, or other permissible modes. - The trading window for designated persons/insiders will be closed until 48 hours after the meeting's outcome.

Ownership Positive

2026-06-09 10:41

- Shine Star Build-Cap Pvt. Ltd. was allotted 5,00,000 equity shares of Aanchal Ispat Limited through Qualified Institutions Placement (QIP) on June 5, 2026. - This acquisition constitutes 11.81% of Aanchal Ispat's paid-up equity share capital.

Ownership Positive

2026-06-08 19:06

- VIRA AIF Trust - VIRA Bharat Opportunities Fund acquired 2,80,000 equity shares (6.61% of total voting capital) of Aanchal Ispat Limited. - The acquisition was made through an Allotment via Qualified Institutional Placement (QIP) on June 5, 2026.

Ownership Positive

2026-06-08 17:36

- Nine ALPS Trust- Nine ALPS Opportunity Fund acquired 4,20,000 equity shares, representing a 9.92% stake, in Aanchal Ispat Limited. - The acquisition was made through an allotment in a Qualified Institutional Placement (QIP) on June 8, 2026. - Post-acquisition, the acquirer's total holding in Aanchal Ispat Limited is 9.92%.

Ownership Positive

2026-06-08 15:48

- Aanchal Ispat Limited approved the allotment of 14,00,000 equity shares via Qualified Institutions Placement (QIP) on June 05, 2026. - Shares were issued at ₹50 each (₹10 face value + ₹40 premium), aggregating ₹7,00,00,000. - The QIP will increase the company's paid-up share capital.

Business Update Positive

2026-06-05 18:54

- Aanchal Ispat Limited successfully completed a Qualified Institutions Placement (QIP). - 14,00,000 Equity Shares were allotted to eligible Qualified Institutional Buyers. - The issue price was ₹50 per share (including a ₹40 premium). - The company raised a total of ₹70,000,000 (₹7 Crores) through the QIP. - This increases the company's paid-up share capital from ₹4,23,33,310.

Business Update Positive

2026-06-05 17:16

- Board approved closure of Qualified Institutions Placement (QIP) on June 05, 2026. - 14,00,000 equity shares were allocated to eligible Qualified Institutional Buyers at ₹50/- per share (including ₹40/- premium). - The QIP issue period was from June 03, 2026 to June 05, 2026.

Business Update Positive

2026-06-03 20:20

- Aanchal Ispat Limited approved and opened a Qualified Institutions Placement (QIP) of equity shares with a face value of Re. 10/- each. - The issue's floor price has been set at Rs. 45.45/- per Equity Share. - The trading window for designated persons is closed from June 03, 2026, until 48 hours after the issue price determination.

Governance Negative

2026-05-30 20:00

CRITICAL RED FLAG DETECTED

The Annual Secretarial Compliance Report for Aanchal Ispat Limited for the financial year ended March 31, 2026, confirms general compliance with SEBI regulations. However, it highlights a non-compliance regarding the failure to formulate a "Policy & Procedure for Inquiry in case of Leak or Suspected Leak of Unpublished Price Sensitive Information (UPSI)" as required by SEBI (Prohibition of Insider Trading) Regulations, 2015. Additionally, minor delays in submitting board meeting outcomes and financial results due to unanticipated technical disruptions were noted, but these issues were subsequently rectified by the company.

Governance Positive

2026-05-25 18:43

Aanchal Ispat Limited announced the submission of the Scrutinizer's Report and Voting Result of its Extra-ordinary General Meeting held on May 23, 2026. The Special Resolution for capital raising in one or more tranches by way of issuance of equity shares and/or equity linked securities through Qualified Institutions Placement (QIP) was passed with the requisite majority, receiving 100% of the polled votes in favor.

Governance Positive

2026-05-23 17:06

Aanchal Ispat Limited held its Extra-ordinary General Meeting (EGM) on May 23, 2026, via Video Conferencing. The members approved a special resolution for raising capital in one or more tranches through the issuance of equity shares and/or equity-linked securities via Qualified Institutions Placement (QIP).

Business Update Positive

2026-04-30 19:08

Aanchal Ispat Limited announced an Extra-ordinary General Meeting (EGM) scheduled for Saturday, May 23, 2026, to consider and approve a proposal for raising capital up to ₹10 Crores. The capital will be raised in one or more tranches by way of issuance of equity shares and/or equity linked securities through a Qualified Institutions Placement (QIP) to qualified institutional buyers. The record date for determining eligible members for the EGM is April 24, 2026.

Business Update Negative

2026-04-27 19:12

CRITICAL RED FLAG DETECTED

The Board approved standalone financial results for Q4/FY26 and a QIP to raise up to ₹10 Cr. An EGM is set for May 23, 2026. Auditors noted substantial past losses, questioned the going concern assumption, and highlighted delays in ₹21 Cr payments under the Resolution Plan.

Governance Negative

2026-04-27 19:00

CRITICAL RED FLAG DETECTED

Board approved Audited Standalone Financial Results for Q4/FY26 and a Qualified Institutions Placement (QIP) for up to ₹10 Crores. An Extra-Ordinary General Meeting (EGM) to approve the QIP is scheduled for May 23, 2026. Auditors highlighted substantial past losses, going concern dependency, and delays in resolution plan payments of ₹21 Crores.

Governance Neutral

2026-04-21 18:23

Aanchal Ispat Limited announced a Board Meeting on April 27, 2026, to consider standalone audited financial results for the quarter and financial year ended March 31, 2026. The board will also discuss a proposal for fund raising through equity or equity-linked instruments.

Governance Positive

2026-04-20 18:51

Aanchal Ispat Limited intimated a Board Meeting scheduled for March 27, 2026, to consider and approve standalone audited financial results for Q4 & FY26, and to discuss a proposal for fund raising through various equity-linked instruments.

Routine Neutral

2026-04-10 12:27

New Filing detected. See link for details.

Routine Neutral

2026-03-25 12:01

Aanchal Ispat Limited announced the closure of its trading window for insiders from April 1, 2026, until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026, as per SEBI (Prohibition of Insider Trading) Regulations.

Governance Neutral

2026-02-21 15:42

Aanchal Ispat Limited submitted the voting results for its EGM held on February 19, 2026. Shareholders approved resolutions including changing the company name to 'Montera Limited', altering the MOA, and approving enhanced borrowing, loan, investment, and related party transaction powers for the Board.

Governance Neutral

2026-02-19 17:29

The Extra-ordinary General Meeting (EGM) of Aanchal Ispat Limited was held on February 19, 2026, via video conferencing. Key resolutions approved included changing the company name to 'MONTERA LIMITED', altering the object clause of the MOA, and approving various borrowing powers, loans, investments, guarantees, and related party transactions.

Ownership Negative

2026-02-06 09:50

Mukesh Goel, Promoter of Aanchal Ispat Limited, sold 5,65,725 shares (19.97% of total voting capital) via an Offer for Sale on February 03 & 04, 2026. This reduced his stake from 94.97% to 75.00%.

Governance Neutral

2026-02-03 18:11

Aanchal Ispat Limited held its 8th Monitoring Committee Meeting on February 3, 2026, via video conferencing. The committee reviewed operational matters and deliberated on the implementation of the approved Resolution Plan.

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Aanchal Ispat Ltd

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