The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gopal Sponge and Power Pvt Ltd
VRAJ · price
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Gopal Sponge and Power Pvt Ltd, a member of the promoter group of Vraj Iron and Steel Ltd, has received 55,55,500 equity shares (16.84% of voting capital) from V A Transport Pvt Ltd through an off-market inter-se transfer. This transfer is a result of a scheme of merger sanctioned by the Regional Director, Hyderabad, under which three promoter group companies (Kirti Ispat, Utkal Ispat, and V A Transport) have merged into Gopal Sponge and Power Pvt Ltd, effective 27 March 2026. Following this transfer, Gopal Sponge's holding in Vraj Iron and Steel has increased from 1,79,82,900 shares (54.52%) to 2,35,38,400 shares (71.36%). The total share capital and voting capital of Vraj Iron and Steel remain unchanged at 3,29,82,619 equity shares of Rs. 10 each.
This is a corporate restructuring event within the promoter group and not a change in the overall promoter holding of the company. Existing shareholders should not see any change in the total promoter group stake; the shares have simply been consolidated into one promoter entity following the merger. No material impact on stock price is expected from this disclosure alone.