Visa Steel allots 1.35 cr shares on warrant conversion to promoter group

Warrants ConvertedFund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹49.20

prior close

₹49.99

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.7% vs market

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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AI summary

VISA Steel allotted 1.35 crore equity shares to promoter group entity VISA Industries on conversion of warrants at Rs 40 per share. Company received Rs 40.5 crore as balance subscription (Rs 30 per warrant, 75 percent of issue price). Paid up capital rose to Rs 129.29 crore with 12.92 crore shares. 1.35 crore of 5 crore warrants issued in Nov 2025 converted so far.

Likely market impact

Equity dilution of about 11.7 percent as promoter group VISA Industries converts warrants, infusing Rs 40.5 crore into the company.