Vibhor Steel Tubes approved a ₹20 crore loan to its wholly owned subsidiary, Viyom Steel Infra Private Limited, during a board meeting held on August 25, 2026.

The company disclosed the transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The board meeting commenced at 4:00 pm and concluded at 4:25 pm.

Loan Terms and Structure

The agreement involves an unsecured loan facility with specific terms designed to support the subsidiary's operational expansion. Vibhor Steel Tubes will act as the lender, while Viyom Steel Infra serves as the borrower.

The transaction is classified as an arm's length deal. The disclosure confirms that no special rights, such as the appointment of directors or restrictions on capital structure changes, are attached to this loan agreement.

Purpose of Funds

Viyom Steel Infra will utilize the facility amount for working capital requirements and the purchase of land. The land acquisition aims to establish a commercial manufacturing facility for infrastructure-related activities.

Planned manufacturing outputs include:

• Transmission towers
• Monopoles
• Crash barriers
• Octagonal poles
• High mast poles
• Pre-fabricated structures

The subsidiary is currently linked to Vibhor Steel Tubes' broader manufacturing footprint, which includes units in Maharashtra, Telangana, and Odisha.

Vibhor Steel Tubes promoter and director Vijay Kumar Kaushik acquired 5600 equity shares through an open market transaction on August 24, 2026. The purchase was executed on the National Stock Exchange of India Limited (NSE) at a price of ₹111.0062 per share. This acquisition represents 0.03% of the company’s total paid-up capital.

Transaction Details

The shareholding pattern of Mr. Kaushik shifted slightly following the trade. Before the acquisition, he held 41,79,400 shares, constituting 22.04% of the total voting capital. Post-acquisition, his holding stands at 41,85,000 shares, or 22.07%. There were no changes in encumbered shares, voting rights otherwise than by shares, or warrants/convertible securities during this period.

The company’s total equity share capital remains unchanged at ₹18,96,24,430, divided into 1,89,62,443 equity shares of face value ₹10 each. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

What the Numbers Show

The acquisition adds to the promoter’s existing stake without altering the overall capital structure of the firm. With no encumbrances reported on the newly acquired or existing shares, the move reflects a direct increase in unpledged promoter holding. The total diluted share/voting capital remains identical to the pre-acquisition figure, indicating no outstanding convertible instruments affecting the stake calculation.