VISA Steel Limited, now known as VISA Chrome Limited, has disclosed a significant change in its promoter shareholding structure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, dated May 16, 2026, follows a reference to the Regulation 29(2) filing under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated May 15, 2026.

Shareholding Transfer and Stake Increase

A total of 44,387,167 equity shares, representing 30.45% of the total paid-up share capital of VISA Chrome Limited, held by VISA Infrastructure Limited (now known as VISA Infra Limited), a member of the Promoter Group, have been transferred to and vested in VISA Industries Limited (VIL), also a member of the Promoter Group. This inter-promoter transfer has materially altered the ownership composition of the company.

The following table summarises the change in VISA Industries Limited's shareholding in VISA Chrome Limited:

VISA Industries Limited Becomes Holding Company

As a consequence of this transfer, VISA Industries Limited's stake in VISA Chrome Limited has crossed the majority threshold, rising from 31.96% to 62.40% of the total paid-up share capital. This development has resulted in VISA Industries Limited being formally recognised as the Holding Company of VISA Chrome Limited (formerly known as VISA Steel Limited).

The disclosure was filed by Amisha Chaturvedi Khanna, Company Secretary and Compliance Officer of VISA Chrome Limited, in accordance with Schedule III of the SEBI LODR Regulations and applicable SEBI Master Circulars.

VISA Steel Limited has officially completed its corporate name change to VISA Chrome Limited, marking a significant corporate restructuring milestone. The name change became effective on April 28, 2026, following formal approval from the Registrar of Companies under the Ministry of Corporate Affairs.

Regulatory Filing and Stock Exchange Notification

The company formally notified both BSE Limited and National Stock Exchange of India Limited about the name change through official correspondence. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This announcement followed previous intimations dated February 4, 2026, February 23, 2026, and March 27, 2026.

Certificate of Incorporation Details

The Certificate of Incorporation pursuant to the name change was issued by the Ministry of Corporate Affairs' Central Processing Centre in Manesar, Haryana. Assistant Registrar Dhirendra Singh digitally signed the certificate on April 28, 2026, confirming the legal completion of the name change process. The company's Memorandum and Articles of Association have been formally altered to reflect the new corporate name.

Corporate Structure and Compliance

Company Secretary and Compliance Officer Amisha Chaturvedi Khanna signed the regulatory filing on behalf of the organization. As mandated by Section 12 of the Companies Act, VISA Chrome Limited must display both its former name "VISA Steel Limited" and new name for a period of two years at all locations where the company is required to display its corporate name.

Company Background and Operations

The company was originally incorporated as VISA Industries Limited before becoming VISA Steel Limited. It operates from its plant office at Kalinganagar Industrial Complex in Jajpur, Odisha, with its registered office located at VISA House, Bhubaneswar. The certificate confirms that this name change does not affect the rights and liabilities of stakeholders, ensuring business continuity during the corporate restructuring process.