Vraj Iron and Steel Limited has informed the Exchange about Agreements entered into with its associate company i.e. Vraj Metaliks Private Limited, for providing Management Consultancy Services.
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Vraj Iron and Steel Limited has signed a Management Consultancy Agreement with its associate company, Vraj Metaliks Private Limited, on May 14, 2025. Under this agreement, Vraj Iron and Steel will provide management consultancy services — including financial operations, strategic planning, and overall management — for Vraj Metaliks' plant located at Bailadila Road, Raikot, Chhattisgarh. The transaction is a related party transaction, conducted at arm's length and in the ordinary course of business. The agreement does not involve any share issuance and has no impact on the management or control of the listed entity.
This is a routine related party transaction that gives Vraj Iron and Steel an additional revenue stream from its associate company. Since the terms are at arm's length and there is no change in control or shareholding, the impact on shareholders is expected to be neutral.