Vraj Iron and Steel Limited has completed the inter-se off-market transfer of equity shares between promoter group entities following the regulatory approval of its merger scheme. The company announced on March 27th, 2026, that it received intimation from promoter group entities regarding the completion of share transfer pursuant to the merger scheme approved by the Hon'ble Regional Director, South East Region, Hyderabad.

Share Transfer Completion

The transfer involves 55,55,500 equity shares (16.84%) held by V A Transport Private Limited being transferred to Gopal Sponge and Power Private Limited through off-market transfer (DIS). This transfer was executed on March 27th, 2026, following the merger scheme that became effective from March 18th, 2026.

Merger Scheme Background

The approved merger scheme involves the consolidation of three transferor companies with Gopal Sponge and Power Private Limited as the transferee company. The regulatory approval was granted vide order dated March 18th, 2026, by the Hon'ble Regional Director, South East Region Directorate, Hyderabad.

Updated Shareholding Structure

Following the completion of the share transfer, the shareholding structure reflects the consolidation of promoter group holdings. Gopal Sponge and Power Private Limited now holds the combined shareholding that was previously distributed among the promoter group entities.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was made through Form C submissions from both the transferor and transferee companies, ensuring complete transparency in the inter-se transfer process.

Key Implications

The completion of this share transfer marks the final step in the promoter group restructuring process. The merger scheme has successfully streamlined the promoter group structure while maintaining the aggregate promoter holding at 71.36% of the company's total issued and paid-up equity share capital. Post-transfer, V A Transport Private Limited ceases to hold any shares in Vraj Iron and Steel Limited, with all holdings now consolidated 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.