Vraj Iron promoters hold 24.7M shares with no encumbrance in FY26

Vraj Iron and Steel Limited promoters, including Vijay Anand Jhanwar and Persons Acting in Concert (PACs), confirmed they hold 24,721,720 equity shares as of March 31, 2026, with no encumbrances reported during the financial year 2025-26. The disclosure, submitted to the stock exchanges, assures shareholders that the promoter group has not pledged or created any charge on these shares, directly or indirectly. The total holding remains stable, reflecting no changes in the encumbrance status compared to the previous period.

Vijay Anand Jhanwar, a promoter of the company, made the declaration on behalf of the other promoters and PACs in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was addressed to the Corporate Relation Department of BSE Limited and the Listing Department of NSE Limited on April 9, 2026. The submission included Annexure-A, detailing the specific shareholding of each promoter and group member.

Shareholding Details

The breakdown of the promoter and promoter group shareholding as of March 31, 2026, is detailed below. Gopal Sponge and Power Private Limited holds the majority of the shares within the group.

Sr. No.	Name	No of shares held
Promoter
1	Vijay Anand Jhanwar	991645
2	Kusum Lata Maheshwari	191675
3	Gopal Sponge and Power Private Limited	23538400
4	Bhinaswar Commercial Private Limited	0
Promoter Group & PAC
5	Divya Jhanwar	0
6	Sangita Mohta	0
7	Sunita Malhotra	0
8	Seema Jakhota	0
9	Jagdish Prasad Lahoti	0
10	Raj Kumari Lahoti	0
11	Deepak Lahoti	0
12	Khush Jhanwar	0
13	Vraj Jhanwar	0
14	Kailash Chand Toshniwal	0
15	Vimla Rathi	0
16	Jagdish Prasad Jhanwar	0
17	Harpyari Devi Heda	0
18	Kolkata Diagnostics Private Limited	0
19	Vraj Commercial Private Limited	0
20	MVK Industries Private Limited	0
21	Western Flock Private Limited	0
22	Vijay Anand Jhanwar HUF	0
23	Shiv Shakti Stone Crusher	0
24	Vraj Metaliks Private Limited	0
25	City Mall Developers Private Limited	0
Total Shareholding		24721720

Corporate Actions

The filing notes a corporate action affecting the shareholding structure. Pursuant to an order from the Regional Director, South East Region Hyderabad dated March 18, 2026, VA Transport Private Limited, a promoter entity previously holding 5,555,500 equity shares, merged with Gopal Sponge and Power Private Limited. Consequently, these shares were vested in Gopal Sponge and Power Private Limited effective March 27, 2026, via an off-market inter-se transfer executed through a Depository Instruction Slip (DIS).

Additionally, Kirti Ispat Private Limited and Utkal Ispat Private Limited, which held no shares but were members of the promoter group, were also merged with Gopal Sponge and Power Private Limited effective March 18, 2026, under the same regional director's order. City Mall Developers Private Limited, a subsidiary of Gopal Sponge and Power Private Limited, qualifies as part of the "Promoter Group" by virtue of this relationship. These consolidations have resulted in the current distribution of shares among the promoter group.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.96%	-4.59%	+6.79%	+4.79%	-25.16%	-50.01%

Vraj Iron and Steel reported a 29.4% decline in net profit to ₹295.27 million for the financial year ended March 31, 2026, despite a 23.8% increase in revenue from operations to ₹5,879.24 million. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 at a meeting held on May 28, 2026. The statutory auditor, M/s Amitabh Agrawal & Co., expressed an unmodified opinion on the standalone and consolidated financial results.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹140.23 million, a 41.8% increase from ₹98.98 million in the corresponding quarter of the previous year. Revenue for the quarter stood at ₹1,702.08 million, up 11.2% year-on-year. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 47 of the SEBI regulations, the extract of the audited financial results was published in Business Standard and Swadesh on May 29, 2026.

Financial Performance

The company's total expenses for FY26 increased to ₹5,561.91 million from ₹4,222.96 million in the previous year. Finance costs for the year rose to ₹21.25 million from ₹15.53 million. Earnings per share (EPS) for the year decreased to ₹8.95 from ₹13.55 in the prior year.

Metric	FY26 (₹ in Millions)	FY25 (₹ in Millions)	Change (%)
Revenue from Operations	5,879.24	4,750.31	23.8%
Total Income	5,966.01	4,788.60	24.6%
Total Expenses	5,561.91	4,222.96	31.7%
Net Profit	295.27	418.31	(29.4%)
EPS (Basic)	8.95	13.55	(33.9%)

Consolidated Results

On a consolidated basis, net profit for FY26 fell to ₹320.05 million from ₹440.87 million in the previous year. Total consolidated revenue increased to ₹5,966.01 million from ₹4,788.60 million. The company's associate, Vraj Metaliks Private Limited, contributed a share of profit of ₹24.78 million for the year. The consolidated financial results include the audited financial results of the associate, reflecting a share of profit after tax of ₹24.78 million and share of other comprehensive income of ₹0.23 million for the year ended March 31, 2026.