Visa Steel Limited has informed the Exchange about General Updates
VISACHROME · price
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VISA Steel Limited held an Extra-Ordinary General Meeting (EOGM) on November 2, 2025, via video conferencing, which concluded in 29 minutes (12:00 PM to 12:29 PM). The key business transacted was the approval of a Special Resolution to issue up to 5,00,00,000 (5 crore) warrants convertible into equity shares to VISA Industries Limited, a member of the company's Promoter Group, on a preferential basis. Chairman Mr. Vishambhar Saran briefed members on the objective of this preferential issue. Voting results and the Scrutinizer's Report will be submitted to the stock exchanges on or before November 4, 2025.
The preferential issue of 5 crore warrants to a promoter group entity will result in potential dilution of existing public shareholders once the warrants are converted into equity shares. The size of the issue is significant, so shareholders should watch for the pricing terms and the voting outcome expected by November 4, 2025.