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.

VISA Steel Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements governing dematerialization processes and depositories operations.

Regulatory Compliance Filing

The compliance certificate was filed pursuant to Regulation 74(5) of SEBI Regulations on April 10, 2026, with both major stock exchanges where the company's shares are listed. The submission was made by Company Secretary and Compliance Officer Amisha Chaturvedi Khanna.

Certificate Confirmation Details

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate confirming adherence to dematerialization requirements. The certificate validates that during the specified quarter, all regulatory obligations were met within prescribed timelines.

Key Compliance Areas Covered

The certificate confirms compliance across several critical operational areas:

• Demat Request Processing: Confirmation and processing of dematerialization requests within 15 days of receipt from depository participants
• Securities Listing Verification: Confirmation to depositories regarding listing status on relevant stock exchanges
• Certificate Management: Proper mutilation and cancellation of physical security certificates after verification
• Register Updates: Substitution of depository names in the register of members for approved demat requests

Company Information

Registrar and Transfer Agent Details

KFin Technologies Limited operates from multiple locations to serve as the company's share transfer agent. The certificate was signed by D Suresh Babu, Sr. Manager at KFin Technologies Limited, confirming the company's compliance status for the quarter.

This regulatory filing represents part of VISA Steel Limited's ongoing commitment to maintaining transparency and compliance with SEBI regulations governing depositories and participant operations.