Aanchal Ispat Limited to Raise Up to Rs. 15 Crores Through Rights Issue
Aanchal Ispat Limited has announced plans to raise funds by issuing equity shares to its existing members on a rights basis. The company's Board of Directors approved the proposal during a meeting held on July 17, 2026.The proposed rights issue is intended to raise an amount aggregating up to Rs. 15 crores. The specific price and the right entitlement ratio for the issuance are to be determined by the Board of Directors.
To facilitate this transaction, the company has approved the appointment of necessary intermediaries to manage the share issuance. Additionally, Aanchal Ispat Limited will seek the required listing permissions from the BSE as part of the process.
The details regarding the proposed rights issue are summarized in the table below:
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Equity Shares |
| Type of issuance | Rights Issue |
| Total amount for which the securities will be issued | Not exceeding Rs. 15 crore |
Stock Price Movement
Shares of Aanchal Ispat Ltd today slipped by 4.98% to settle at ₹88.80. The stock saw significant pressure throughout the session, ultimately finding its floor at ₹88.80 after peaking at ₹91.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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