Announced Mon, 6 Apr · 17:49 IST
1.65 Cr Shares Allotted to Promoter Group on Warrant Conversion
VISACHROME · price
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Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹31.43
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+6.2+4.0+2.4-1.0+3.6+12.4+22.9+53.2+52.6+31.1
Up moveDown movePending
AI summary
VISA Steel allotted 1,65,00,000 equity shares to VISA Industries (Promoter Group) on conversion of warrants issued at Rs. 40 each on Nov 26, 2025. The company received Rs. 49.5 Cr as balance 75% subscription on April 4, 2026. This is part of the 5 Cr warrant preferential issue, of which 1.35 Cr were already converted in Dec 2025. Paid-up capital rose to Rs. 145.79 Cr (14.58 Cr shares of Rs. 10 each).
Likely market impact
Promoter shareholding increases via warrant conversion. Minor dilution for existing public shareholders, but signals promoter commitment to the company.