Vijay Anand Jhanwar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Vijay Anand Jhanwar, Promoter of Vraj Iron and Steel Limited, submitted a disclosure declaring that the promoter group holds 24,721,720 equity shares as of March 31, 2026. The filing explicitly states that no encumbrance (pledge) of shares was made during FY 2025-26. As part of a corporate restructuring, VA Transport Private Limited (holding 5,555,500 shares) was merged with Gopal Sponge and Power Private Limited effective March 27, 2026 via an off-market inter-se transfer. Additionally, Kirti Ispat Private Limited and Utkal Ispat Private Limited were also merged with Gopal Sponge and Power Private Limited effective March 18, 2026, as per an order from the Regional Director.
No pledge activity means no immediate risk of forced share sales or dilution pressure from lenders. The intra-group merger consolidates promoter holdings into Gopal Sponge and Power Private Limited, which now holds 23,538,400 shares, but total share capital is not disclosed to calculate the exact promoter stake percentage.