NewsEarningsAanchal Ispat Limited Reports Q3FY26 Results, Approves Name Change to Montera LimitedAanchal Ispat Limited Reports Q3FY26 Results, Approves Name Change to Montera Limited
Aanchal Ispat Limited reported Q3FY26 revenue of ₹1,941.51 lakhs with a net profit turnaround to ₹56.93 lakhs from previous year's loss. The Board approved a strategic transformation including name change to Montera Limited and business diversification into electrical products, engineering services, and railway components. An EGM scheduled for February 19, 2026, will seek shareholder approval for these changes alongside enhanced borrowing and transaction limits.
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Aanchal Ispat Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, alongside significant corporate restructuring decisions that mark a new chapter for the steel manufacturing company. The Board of Directors meeting held on January 21, 2026, approved multiple strategic initiatives including a complete rebranding and business diversification plan.
Financial Performance Overview
The company's Q3FY26 financial performance showed marked improvement compared to the previous year. Key financial metrics demonstrate the company's recovery trajectory following the completion of its Corporate Insolvency Resolution Process (CIRP).
| Financial Metric: | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹1,941.51 lakhs | ₹3,379.74 lakhs | -42.56% |
| Other Income: | ₹6.12 lakhs | ₹4.22 lakhs | +45.02% |
| Total Income: | ₹1,947.63 lakhs | ₹3,383.96 lakhs | -42.45% |
| Net Profit/(Loss): | ₹56.93 lakhs | ₹(21.67) lakhs | Positive turnaround |
| Earnings Per Share: | ₹2.01 | ₹(0.10) | Positive turnaround |
For the nine-month period ended December 31, 2025, the company reported revenue from operations of ₹6,038.97 lakhs compared to ₹11,652.63 lakhs in the corresponding period of the previous year. Despite lower revenue, the company achieved a net profit of ₹82.82 lakhs for the nine-month period, contrasting with a loss of ₹35.69 lakhs in the previous year.
Corporate Restructuring and Name Change
The Board approved a comprehensive corporate transformation, beginning with a name change from "Aanchal Ispat Limited" to "Montera Limited." This rebranding follows the Central Registration Centre's approval of the RUN application dated January 7, 2026. The name change is subject to approval from shareholders, the Ministry of Corporate Affairs, and other regulatory authorities.
Alongside the rebranding, the company approved significant amendments to its Memorandum of Association to facilitate business diversification. The new business verticals include:
- Electrical Products Manufacturing: Production of insulating tapes, power cable kits, electrical connectors, and fireproofing materials for construction and industrial markets
- Engineering Services: Comprehensive contracting services covering mechanical, electrical, civil, and structural engineering projects
- Railway Components: Manufacturing and trading of railway carriage components, wagon parts, and locomotive spares
Governance and Regulatory Approvals
The Board scheduled an Extraordinary General Meeting for February 19, 2026, at 1:30 PM to seek shareholder approval for the proposed changes. The record date for sending EGM notices has been fixed as January 16, 2026, with the cut-off date for remote e-voting set for February 12, 2026.
| EGM Details: | Information |
|---|---|
| Meeting Date: | February 19, 2026 |
| Meeting Time: | 1:30 PM |
| Record Date: | January 16, 2026 |
| E-voting Cut-off: | February 12, 2026 |
| Scrutinizer: | M/s Manisha Saraf & Associates |
The meeting will also address enhanced borrowing limits under Section 180(1)(c) of the Companies Act, 2013, and approvals for loans, guarantees, investments, and related party transactions under Sections 185, 186, and 188 respectively.
Post-CIRP Operations and Market Status
The company's operations have stabilized following the successful completion of its CIRP in March 2025. Trading in the company's equity shares resumed on BSE from December 17, 2025, after regulatory approvals. However, the shares are currently under BSE's surveillance framework for IBC companies, categorized as 'IBC/IRP Stage-I' due to promoter holding exceeding 95%.
The current shareholding structure shows promoter holding at 95% (26,90,723 shares) and public holding at 5% (1,42,608 shares), totaling 28,33,331 shares. The company continues to operate under the oversight of a Monitoring Committee established to ensure Resolution Plan implementation.
Operational Highlights
During the quarter under review, the company's revenue included income from manufacturing activities, steel trading, and job work services. The company maintained related party transactions comprising 15.55% of total sales and 12.76% of total purchases, conducted at arm's length prices with sister concern Maina International Limited for optimal capacity utilization.
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