Aanchal Ispat Ltd (538812)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Aanchal Ispat's revenue was ₹24.8 Cr (+9.2% year on year, -35.5% on the previous quarter), and net profit ₹0.6 Cr; the operating margin was 0.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹24.8 | +9.2% | -35.5% |
| Operating profit | ₹0.1 | -39.6% | -25.6% |
| Net profit | ₹0.6 | — | -53.4% |
| EPS (₹) | 1.72 | — | -59.0% |
| Operating margin | 0.4% | — | — |
📢 Recent Corporate Announcements
Aanchal Ispat Limited has published its 31st Annual Report for FY 2025-26 and scheduled its Annual General Meeting (AGM) for September 23, 2026. The company turned profitable in FY26, posting a net profit of ₹2.02 crore (EPS ₹7.13) compared to a net loss of ₹13.40 crore in FY25. Disclosures detail the implementation of the NCLT-approved CIRP resolution plan, with trading in equity shares recommencing on December 17, 2025, currently placed under BSE IBC Stage-I surveillance.
- FY26 standalone net profit stood at ₹2,02,07,798 (₹2.02 Cr) compared to a net loss of ₹13,40,23,024 in FY25
- Basic and diluted EPS for FY26 stood at ₹7.13 per share based on 28,33,331 weighted average shares
- 31st Annual General Meeting scheduled for Wednesday, September 23, 2026 via VC/OAVM
- Resolution applicant infused ₹3.00 crore as part of the CIRP resolution plan obligations
Aanchal Ispat Limited has issued notice for its 31st Annual General Meeting scheduled for September 23, 2026, via Video Conferencing. Key agenda items include adopting the audited standalone financial statements for FY26, the re-appointment of retiring director Mr. Manoj Goel, and ratifying the remuneration of Rs 40,000 for Cost Auditor Mr. Rana Ghosh for FY27. The cut-off date to determine e-voting eligibility is September 16, 2026, with remote e-voting available from September 20 to September 22, 2026.
- 31st Annual General Meeting scheduled for September 23, 2026, at 1:30 PM IST via VC/OAVM
- Cut-off date for e-voting eligibility set as September 16, 2026
- Remote e-voting window runs from September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM)
- Approval sought for cost auditor remuneration of ₹ 40,000/- plus taxes for FY27
Aanchal Ispat Limited has scheduled its 31st Annual General Meeting (AGM) for Wednesday, September 23, 2026, at 1:30 PM IST via video conferencing. The Board fixed Wednesday, September 16, 2026, as the cut-off date to determine eligibility for remote e-voting and voting at the AGM. The share transfer books and Register of Members will remain closed from September 17 to September 23, 2026. Additionally, M/s Manisha Saraf & Associates has been appointed as the scrutinizer for the voting process.
- 31st Annual General Meeting scheduled for September 23, 2026, at 1:30 PM via VC/OAVM
- Cut-off date for remote e-voting eligibility set as September 16, 2026
- Book closure period finalized from September 17, 2026, to September 23, 2026 (both days inclusive)
- Cut-off date for dispatch of AGM notice determined as August 28, 2026
- Appointed M/s Manisha Saraf & Associates, Practicing Company Secretaries, as Scrutinizer
Aanchal Ispat Limited has scheduled its 31st Annual General Meeting (AGM) for Wednesday, September 23, 2026, at 1:30 PM via Video Conferencing. The Board fixed Wednesday, September 16, 2026, as the cut-off date to determine eligibility for remote e-voting. The share transfer books and Register of Members will remain closed from September 17, 2026, to September 23, 2026. Additionally, M/s Manisha Saraf & Associates was appointed as the scrutinizer for the voting process.
- 31st AGM scheduled for September 23, 2026 at 01:30 PM via VC/OAVM
- Cut-off date for remote e-voting set as September 16, 2026
- Book closure period approved from September 17, 2026 to September 23, 2026
- M/s Manisha Saraf & Associates appointed as Scrutinizer for the AGM voting
Aanchal Ispat Limited has submitted its Statement of Deviation or Variation for the quarter ended June 30, 2026, pursuant to Regulation 32 of SEBI LODR Regulations. The company confirmed that there has been no deviation or variation in the deployment of funds raised through its Qualified Institutional Placement (QIP). The company raised ₹7,00,00,000 (₹7 crore) on June 4, 2026. The Audit Committee reviewed and approved the report at its meeting on August 14, 2026.
- Raised ₹7,00,00,000 (₹7.00 crore) via Qualified Institutional Placement (QIP) on June 4, 2026.
- Reported nil deviation/variation from the objects approved in the EGM Notice dated May 23, 2026.
- Filing covers fund utilization details for the quarter ended June 30, 2026.
- Original object allocation includes ₹72.00 lakh allocated towards payment of outstanding CIRP costs.
Aanchal Ispat reported Q1 FY27 revenue from operations of ₹24.76 Cr (up 9.2% YoY from ₹22.67 Cr) and Net Profit of ₹0.55 Cr compared to ₹0.05 Cr in Q1 FY26. However, the statutory auditor highlighted substantial operational and accounting concerns, noting that ₹53 lakh of the ₹55.46 lakh PBT came from bad debt recoveries that lacked documentary evidence. Furthermore, the company has delayed payments of ₹14 Cr and ₹7.50 Cr under its CIRP Resolution Plan, which is currently pending an order from NCLT Kolkata. Significant business concentration remains, with related party Maina International Ltd accounting for 58.69% of sales and 50.24% of purchases.
- Q1 FY27 revenue from operations reached ₹24.76 Cr vs ₹22.67 Cr in Q1 FY26 and ₹38.37 Cr in Q4 FY26
- Net profit reported at ₹0.55 Cr, but ₹53 lakh (95.5% of PBT) was derived from bad debt recoveries lacking documentary verification per the auditor
- Company delayed Resolution Plan liabilities of ₹14 Cr (due March 2025) and ₹7.50 Cr (due March 2026); NCLT order is currently reserved
- High related-party dependence with Maina International Limited comprising 58.69% of sales and 50.24% of total purchases
Aanchal Ispat reported standalone revenue from operations of ₹24.76 crore for Q1 FY27, up 9.2% YoY from ₹22.67 crore. Net profit rose to ₹0.55 crore compared to ₹0.05 crore in Q1 FY26, though the statutory auditor highlighted that the profit was materially driven by ₹0.53 crore of bad debt recoveries lacking documentary verification. The auditor also issued an emphasis of matter regarding delayed resolution plan instalment payments totaling ₹21.50 crore (₹14 crore due March 2025 and ₹7.50 crore due March 2026), which are sub-judice before NCLT Kolkata. Additionally, 58.69% of quarterly sales and 50.24% of purchases were concentrated with a single related party.
- Revenue from operations stood at ₹24.76 crore in Q1 FY27, up 9.2% YoY from ₹22.67 crore in Q1 FY26
- Net profit came in at ₹0.55 crore (₹55.46 lakhs) vs ₹0.05 crore (₹4.74 lakhs) YoY, boosted by ₹53 lakhs in unverified bad debt recoveries
- Auditors highlighted overdue resolution plan liabilities of ₹14 crore and ₹7.50 crore pending NCLT adjudication
- Substantial related-party exposure: Maina International Ltd accounted for 50.24% of purchases and 58.69% of sales
- Carrying value of consumables inventory stood at ~₹5 crore without detailed item-wise NRV assessment
Aanchal Ispat Ltd has scheduled a board meeting for August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of Rs 22 Cr and a TTM revenue of Rs 99 Cr. Investors will be monitoring if the company can maintain the profitability trend seen in FY26 (PAT Rs 2.02 Cr) following a loss-making FY25. The trading window for insiders has been closed since July 1, 2026, and will reopen 48 hours after the results are published.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
- Results cover the three-month period ending June 30, 2026.
- Trading window closure initiated on July 01, 2026, per SEBI regulations.
- Company reported a TTM EPS of Rs 6.33 leading into this quarter.
Aanchal Ispat Limited has filed its Draft Letter of Offer (DLOF) for a proposed rights issue to raise up to ₹1500.00 lakh (₹15 crore). The issue involves equity shares with a face value of ₹10.00 each, though the final issue price and entitlement ratio are yet to be determined. The company has received in-principle approval from the BSE for listing the rights shares. This filing follows the board's initial intimation on July 17, 2026, marking a formal step in the capital-raising process.
- Total fundraise amount capped at ₹1500.00 lakh through a rights issue
- Equity shares carry a face value of ₹10.00 per share
- Company liable to pay 15% p.a. interest if allotment/refunds are delayed beyond 15 days from closing
- The issue is for private circulation to eligible equity shareholders as of a yet-to-be-announced record date
- Designated stock exchange for the issue is BSE Limited
Aanchal Ispat's Board of Directors approved a fundraise of up to ₹15 crores through a Rights Issue of equity shares on July 17, 2026. The issue will be offered to existing shareholders, with the specific price and entitlement ratio to be determined at a later date. This capital raise comes amid significant stock price volatility, with a 652.5% return over the last 6 months despite an 82.5% decline over the last 12 months. The company has initiated the appointment of intermediaries to manage the listing process on the BSE.
- Fundraise amount approved for an aggregate of up to ₹15 crores
- Issuance method confirmed as a Rights Issue to existing equity shareholders
- Board meeting conducted on July 17, 2026, lasting 30 minutes (04:30 PM to 05:00 PM)
- Intermediaries being appointed to seek listing permission from BSE
- Price and entitlement ratio to be decided by the Board in subsequent meetings
The Board of Aanchal Ispat has approved a fundraise of up to Rs 15 crore through a Rights Issue of equity shares to existing shareholders. The specific issue price and entitlement ratio will be determined by the Board at a later date. This capital action follows a period of extreme stock price volatility, with a 652.5% return over the last 6 months despite a -82.5% return over the last year. The company has initiated the appointment of intermediaries to manage the issuance and seek listing permissions from the BSE.
- Fundraising approved for an amount aggregating up to Rs 15 crore
- Issuance to be conducted via Rights Issue to existing members of the company
- Board meeting held on July 17, 2026, lasting 30 minutes (04:30 p.m. to 05:00 p.m.)
- Intermediaries are being appointed to handle regulatory obligations and BSE listing
- Pricing and entitlement ratio to be decided in subsequent board deliberations
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