Visa Steel Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on November 02, 2025
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VISA Steel Limited has submitted to the exchanges the voting results and scrutinizer's report for its Extra-Ordinary General Meeting held on November 2, 2025, conducted via video conferencing. The single resolution on the agenda — 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 promoter group, on a preferential basis — was passed with the requisite majority. Out of the total votes polled, over 99.99% were cast in favour of the resolution, with only a token 562 votes against. The scrutinizer, Sachin Pilania (Practicing Company Secretary), confirmed the e-voting and Insta Poll processes were conducted fairly and transparently. The full results are available on the company's website at www.visasteel.com.
This approval clears the way for VISA Steel to allot up to 5 crore convertible warrants to its promoter group entity, which will dilute existing public shareholders once the warrants are exercised and converted into equity shares. The overwhelming vote in favour signals strong shareholder acceptance of the fund-raising plan, though investors should watch for further disclosures on pricing and timing of the warrant conversion.