Vibhor Steel Tubes Limited has disclosed that its promoter and director Vijay Kumar Kaushik acquired additional equity shares through open market transaction on March 5, 2026. The acquisition was disclosed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

Kaushik acquired 6,000 equity shares on March 5, 2026, through the National Stock Exchange of India Limited at a price of Rs. 110.835 per share. The transaction represents 0.03% of the company's total paid-up capital.

Shareholding Pattern Changes

The acquisition resulted in an increase in Kaushik's total shareholding in the company. His voting rights holding changed from 21.07% to 21.10% following the transaction.

Company Capital Structure

Vibhor Steel Tubes Limited's equity share capital remains unchanged at Rs. 18,96,24,430, divided into 1,89,62,443 equity shares of Rs. 10 each. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.

Regulatory Compliance

The disclosure was made by Kaushik in his capacity as promoter and director of the company, holding DIN 02249672. The transaction and subsequent disclosure fulfill the requirements under SEBI takeover regulations for substantial acquisition of shares. Company Secretary and Compliance Officer Mrs. Pallavi Aggarwal (Mem No.: A42227) facilitated the regulatory filing on March 6, 2026, ensuring compliance with all applicable regulations.

Vibhor Steel Tubes Limited has released the complete transcript of its Q3FY26 earnings call held on February 19, 2026, providing detailed insights into the company's performance and strategic expansion plans. The transcript, filed under SEBI Regulation 30, is now available on the company's website alongside the previously released audio recording.

Strong Q3FY26 Financial Performance

The company demonstrated robust revenue growth during the third quarter, with Managing Director Vibhor Kaushik highlighting significant year-over-year improvements:

Revenue surged by 21.94% YoY to ₹301.50 crore, driven primarily by the Odisha plant's operational ramp-up and increased production capacity utilization.

Nine-Month Performance Highlights

For the nine-month period ending December 31, 2025, the company maintained strong operational momentum:

Odisha Plant Reaches Full Capacity

Kaushik revealed that the Jharsuguda plant has achieved maximum galvanizing capacity utilization, necessitating immediate expansion. The facility has successfully established market presence in the northeastern region and is now operating at optimal levels across multiple product lines.

Strategic Expansion and CAPEX Plans

The company announced significant capital expenditure plans for FY26, with approximately ₹10 crore allocated for capacity expansion:

Product Diversification Strategy

The earnings call highlighted the company's successful diversification beyond traditional ERW pipes into higher-margin products:

Manufacturing Infrastructure

The company operates three strategically located manufacturing units with total installed capacity of 3,77,000 MTPA:

Kaushik projected the Odisha unit to reach 30-40% capacity utilization in the next year, with potential to achieve 60% utilization within two years based on current order momentum and market demand.