The Exchange has received the disclosure under Regulation 10(6) 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, part of the promoter group of Vraj Iron and Steel, has acquired 55,55,500 equity shares (16.84% of the company) from V A Transport Pvt Ltd through an off-market inter-se transfer. This transfer happened because three promoter-group companies — Kirti Ispat, Utkal Ispat, and V A Transport — were merged into Gopal Sponge and Power, as sanctioned by the Regional Director, Hyderabad on 18 March 2026. As a result, Gopal Sponge and Power's stake in Vraj Iron and Steel rose from 54.52% (1.79 crore shares) to 71.36% (2.35 crore shares). The acquisition is exempt from open offer requirements under Regulation 10(1)(d)(iii) since it is a transfer within the promoter group.
No change in overall promoter group shareholding — this is an internal restructuring due to a merger. Since the transfer is exempt from open offer, there is no impact on public shareholders or stock price from this event.