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.

VISA Steel Limited has announced a significant shareholding change following the acquisition of additional shares by its promoter group. VISA Industries Limited, acting as the acquirer along with VISA Infrastructure Limited as a person acting in concert, has increased its stake in the steel company through warrant conversion.

Acquisition Details

The transaction involved the acquisition of 1,65,00,000 shares carrying voting rights, representing 4.80% of the total share capital. This acquisition was completed on April 6, 2026, through the exercise of fully convertible warrants issued under a preferential allotment.

Shareholding Pattern Changes

The acquisition has resulted in a substantial increase in the promoter's shareholding in VISA Steel Limited. Prior to this transaction, VISA Industries Limited held 7,44,77,167 shares, representing 57.60% of the total voting capital.

Capital Structure Impact

The warrant conversion has led to an expansion in VISA Steel's equity share capital. The company's capital structure has been enhanced following the successful exercise of the convertible warrants.

Regulatory Compliance

The disclosure has been made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. VISA Steel Limited's shares are listed on both BSE Limited and National Stock Exchange of India Limited. The transaction confirms VISA Industries Limited's position as a promoter entity, with VISA Infrastructure Limited acting as a person acting in concert.

This acquisition strengthens the promoter group's control over VISA Steel Limited, with their combined shareholding now standing at 62.40% of the expanded equity capital. The successful warrant conversion demonstrates the promoter's continued confidence in the company's prospects and commitment to maintaining a significant stake in the steel manufacturing business.