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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 1.8 pts less than its Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
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.