Bajaj Steel Industries has witnessed a significant increase in shareholding by Vidarbha Tradelinks Private Limited through an NCLT-sanctioned scheme of arrangement. The transaction, completed on December 13, 2025, involved the acquisition of 17.10 lakh equity shares from Bajaj Exports Private Limited, effectively doubling Vidarbha Tradelinks' stake in the company.

Major Shareholding Restructuring

Transaction Details

The acquisition was executed pursuant to a Scheme of Arrangement sanctioned by the National Company Law Tribunal among Bajaj Exports Private Limited, Rohit Polytex Limited, and Vidarbha Tradelinks Private Limited. Under this arrangement, the entire equity shareholding of Bajaj Exports Private Limited in Bajaj Steel Industries was transferred and vested into Vidarbha Tradelinks Private Limited.

Key Transaction Parameters

Regulatory Compliance

The disclosure was made by Vidarbha Tradelinks Private Limited in compliance with Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition falls under Regulation 10(1)(d)(iii) of SEBI SAST Regulations, which provides exemption for inter-se transfer of shares pursuant to NCLT-approved schemes.

Share Transfer Summary

Impact on Shareholding Structure

Following this transaction, Bajaj Exports Private Limited's stake in Bajaj Steel Industries has been reduced to zero, while Vidarbha Tradelinks has emerged as a significant shareholder with 16.39% voting rights. The acquisition represents 8.22% of the total diluted share capital of the target company. This corporate restructuring represents a substantial consolidation within the promoter group, with Vidarbha Tradelinks now holding a more prominent position in Bajaj Steel Industries' shareholding structure.

Bajaj Steel Industries Limited , a leading player in the engineering sector, has reported a mixed financial performance for the second quarter. The company's consolidated results show significant declines across key financial metrics, reflecting challenges in the current economic environment.

Financial Highlights

The company's Q2 performance is marked by substantial quarter-over-quarter declines:

Revenue Decline

Bajaj Steel Industries witnessed a significant 43.25% quarter-on-quarter decrease in revenue from operations, falling to ₹13,905.40 lacs in Q2 from ₹24,501.31 lacs in the previous quarter. This decline may indicate challenges in demand for the company's products and services or potential market headwinds.

Profitability Impact

The company's net profit after tax saw a substantial 54.42% decrease, dropping to ₹1,979.65 lacs from ₹4,342.79 lacs in the previous quarter. This significant reduction in profitability may suggest increased costs or operational challenges during the period.

Cash Flow

For the half-year period, Bajaj Steel Industries generated cash flow from operating activities of ₹4,965.38 lacs, demonstrating its ability to maintain positive cash generation despite the challenging quarter.

Corporate Governance

The Board of Directors approved both standalone and consolidated unaudited financial results during their meeting held on November 8, ensuring compliance with regulatory requirements and maintaining transparency with stakeholders.

Group Performance

The company's consolidated results include performance from its subsidiaries: Bajaj Coneagle LLC, Bajaj Steel Industries (U) Ltd., Bajaj Services Ltd, and Bajaj Continental Ltd.

Conclusion

Bajaj Steel Industries' performance in Q2 reflects significant challenges, with notable declines in both revenue and profitability compared to the previous quarter. The company may need to address these issues and implement strategies to improve its financial performance in the coming quarters.