Visa Steel Limited has informed the Exchange regarding Notice of Postal Ballot
VISACHROME · price
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VISA Steel Limited has sent a postal ballot notice to shareholders seeking approval (via special resolution) to change the company's name from 'VISA Steel Limited' to 'VISA Chrome Limited', along with corresponding changes in the Memorandum and Articles of Association. The reason given is that the company's Special Steel business (sponge iron, blast furnace, steel melting shop, and rolling mill) has been demerged into VISA Special Steel Limited, and the company is now focused primarily on its Ferro Chrome and Captive Power Plant business. The company has confirmed that ferro chrome accounts for over 50% of both total revenue and net worth in the preceding audited financial year, and has obtained a name availability letter from the Registrar of Companies dated February 6, 2026. Remote e-voting will be open from February 24, 2026 (9:00 AM) to March 25, 2026 (5:00 PM), with results to be declared on or before March 27, 2026. The company has stated that the name change will not affect its legal status, stock exchange listings, ISIN, or the rights of shareholders.
This is a cosmetic rebranding to align the company's name with its current business focus on ferro chrome following the demerger of the steel business. It does not affect share value, ISIN, listing status, or shareholder rights, though the stock's display name/ticker on NSE and BSE will be updated once the change is effective.