VISA Steel Limited has announced that its shareholders have approved the proposal to change the company's name through a postal ballot process. The company informed stock exchanges on March 27, 2026, about the successful completion of the voting process and submitted the official scrutinizer's report.

Postal Ballot Results

The postal ballot, conducted from February 24, 2026 (9:00 AM) to March 25, 2026 (5:00 PM), received overwhelming support from shareholders for the name change proposal. The resolution was passed as a special resolution with remarkable consensus among voting members.

Voting Process and Compliance

The company conducted the postal ballot entirely through remote e-voting in compliance with various MCA circulars and SEBI regulations. KFin Technologies Limited served as the authorized agency providing e-voting facilities through their platform at evoting.kfintech.com.

Category-wise Voting Breakdown

The voting results showed strong support across different shareholder categories:

Resolution Details and Regulatory Framework

The approved resolution authorizes the change of company name and consequential amendments to the Memorandum and Articles of Association under Sections 4, 5, 13, 14, 15 and other applicable provisions of the Companies Act, 2013. The scrutinizer's report was prepared by Debendra Raut (Membership No. ACS-16626) and submitted on March 25, 2026.

The company fulfilled all regulatory requirements under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Companies Act, 2013 provisions relating to postal ballot and e-voting, and Secretarial Standard-2 issued by Institute of Company Secretaries of India. The voting results and scrutinizer's report are available on the company's website at www.visasteel.com and KFin Technologies' e-voting portal.

VISA Steel Limited's Board of Directors concluded their meeting on February 4, 2026, approving the company's unaudited financial results for the third quarter of fiscal year 2026 and announcing a significant corporate restructuring decision. The board approved both standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, in compliance with Regulation 33 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Meeting Outcomes

The board meeting, which commenced at 12:30 hours and concluded at 16:20 hours, addressed several critical corporate matters. The directors approved the quarterly financial results along with the Limited Review Report of Statutory Auditors in the specified format required by regulatory authorities.

Major Corporate Name Change Proposal

In a significant development, the board approved changing the company's name from 'VISA Steel Limited' to 'VISA Chrome Limited'. This proposed transformation includes consequential amendments to the Memorandum of Association and Articles of Association to reflect the new corporate identity.

Postal Ballot Process

The board has approved sending a Postal Ballot Notice to shareholders for the name change approval. The notice will be dispatched to company members and stock exchanges in due course, following applicable regulations. This democratic process ensures shareholder participation in the significant corporate restructuring decision.

Regulatory Compliance and Documentation

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the board meeting outcomes through official communication. VISA Steel operates with BSE scrip code 532721 and NSE symbol VISASTEEL, with its plant office located at Kalinganagar Industrial Complex in Jajpur, Odisha. The announcement was signed by Amisha Chaturvedi Khanna, Company Secretary and Compliance Officer, ensuring proper regulatory disclosure procedures are maintained throughout the process.