Vraj Iron and Steel Limited has informed the Exchange regarding 'intimation under Regulation 30 of SEBI (LODR) Regulations 2015, merger order receipt by the promoter group entities.'.
VRAJ · price
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Vraj Iron and Steel has informed the exchanges that the scheme of merger by absorption among its promoter group entities has been approved by the Regional Director, South East Region, Hyderabad, with an order dated March 28, 2026. Under this scheme, three promoter companies — Kirti Ispat Private Limited, Utkal Ispat Private Limited, and V A Transport Private Limited — will merge into Gopal Sponge and Power Private Limited. Post-merger, V A Transport (which held 16.84% directly as the Ultimate Holding Company), along with Kirti Ispat and Utkal Ispat, will cease to exist, and their shareholding in Vraj Iron and Steel will be consolidated under Gopal Sponge and Power. The aggregate promoter group holding in the listed company remains unchanged at 71.36% before and after the merger.
This is an internal restructuring within the promoter group and does not change the total promoter shareholding in Vraj Iron and Steel, so there is no direct impact on minority shareholders or the stock price. The simplification of the promoter holding structure may make future corporate actions by the promoter group easier to execute.