Promoter group VISA Industries converts 1.65 cr warrants into equity shares

Warrants ConvertedFund Raising View source PDF

VISACHROME · price

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Price reaction · full curve 14 horizons · vs prior close

+6.2%1-day move

₹31.43

prior close

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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 promoter group VISA Industries upon conversion of equal number of warrants. Balance subscription of Rs. 30 per warrant (75% of Rs. 40 issue price), totalling Rs. 49.5 crore, was received on April 4, 2026. Paid-up capital rose from Rs. 129.29 crore to Rs. 145.79 crore (14.58 crore shares of Rs. 10 each). Part of 5 crore warrants allotted on Nov 26, 2025; 1.35 crore were already converted in Dec 2025.

Likely market impact

Promoter group's stake rises further; equity base expands ~12.8%, causing dilution for public shareholders but signalling promoter commitment.