VA Transport Private Limited has formally disclosed the completion of inter-se transfer of equity shares in Vraj Iron and Steel Limited pursuant to the approved merger scheme. The company submitted its disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming the transfer of its entire investment to Gopal Sponge and Power Private Limited through detailed regulatory documentation.

Formal Regulatory Disclosure

VA Transport Private Limited, as a member of the promoter group, submitted comprehensive formal documentation to both NSE and BSE on March 28th, 2026. The disclosure confirms that pursuant to the merger scheme sanctioned by the Hon'ble Regional Director, South East Region Directorate Hyderabad on March 18th, 2026, the entire investment of VA Transport Private Limited has been transferred to Gopal Sponge and Power Private Limited.

Share Transfer Details

The transfer involves 55,55,500 equity shares representing 16.84% of the total share capital being transferred from VA Transport Private Limited to Gopal Sponge and Power Private Limited. This transfer was executed through off-market inter-se transfer among promoter group companies following the approved merger scheme, with formal documentation submitted to stock exchanges.

Merger Scheme Implementation

The merger scheme involves the consolidation of three transferor companies with Gopal Sponge and Power Private Limited as the transferee company. The scheme received regulatory approval from the Hon'ble Regional Director, South East Region Directorate, Hyderabad, and became effective from March 18th, 2026, with formal compliance documentation now submitted.

Updated Capital Structure

Following the completion of the share transfer and formal regulatory disclosure, the company's equity share capital remains unchanged at ₹32,98,26,190 divided into 3,29,82,619 equity shares of ₹10 each. The promoter group's aggregate holding remains constant at 71.36% of the total issued and paid-up equity share capital, with the consolidation resulting in streamlined ownership structure under Gopal Sponge and Power Private Limited.

Vraj iron and steel Limited has announced the commencement of commercial operations at its new induction furnace unit, marking a significant milestone in the company's expansion plans. The facility, located in Bilaspur, Chhattisgarh, began commercial production on March 27, 2026, following receipt of necessary regulatory approvals.

Regulatory Approval and Capacity Details

The company received the Consent to Operate (CTO) from the Chhattisgarh Environment Conservation Board (CECB) on March 27, 2026, enabling immediate commencement of commercial operations. The key specifications of the new facility are outlined below:

Technology and Expected Impact

The induction furnace unit has been established using advanced technology, positioning the company to enhance its production capabilities. Management expects the facility to contribute positively to the company's overall operational performance and efficiency.

Compliance and Disclosure

Vraj Iron and Steel Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made pursuant to Para B of Part A of Schedule III of the regulations, ensuring transparency with stakeholders regarding this significant operational development.

The company's shares are listed on BSE with security code 544204 and on NSE under the symbol VRAJ. Company Secretary and Compliance Officer Priya Namdeo signed the official communication to the stock exchanges.