Visa Steel Limited has informed the Exchange regarding allotment of 16500000 securities pursuant to Convertible Securities at its meeting held on April 06, 2026

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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————+6.2+4.0+2.4-1.0+3.6+12.4+22.9+53.2+52.6+31.1

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AI summary

VISA Steel Limited has allotted 1,65,00,000 equity shares to VISA Industries Limited (Promoter Group) upon exercise of fully convertible warrants. The company received Rs. 49.5 crore (Rs. 30 per warrant as balance consideration, being 75% of the Rs. 40 issue price). This is part of an earlier preferential issue where 50 crore warrants were allotted in November 2025. With this conversion, the company's paid-up capital has increased from Rs. 129.29 crore to Rs. 145.79 crore, consisting of 14.58 crore equity shares of Rs. 10 each. This follows an earlier conversion of 1.35 crore warrants in December 2025.

Likely market impact

This is a promoter group conversion exercise, increasing the promoter holding. It is a routine warrant-to-equity conversion and does not involve fresh capital infusion from external investors. The stock may see slight dilution impact on EPS and existing shareholders' stake.