Vraj Iron and Steel Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Gopal Sponge and Power Private Limited, a promoter group entity, acquired 55,55,500 equity shares of Vraj Iron and Steel Limited from V A Transport Private Limited. This transfer was executed on 27th March 2026 via off-market inter-se transfer as part of a scheme of merger sanctioned by the Regional Director. Kirti Ispat Private Limited, Utkal Ispat Private Limited, and V A Transport Private Limited were amalgamated into Gopal Sponge and Power Private Limited. Following the acquisition, the acquirer's holding increased from 17,982,900 shares (54.52%) to 23,538,400 shares (71.36%). The transaction qualifies for exemption under Regulation 10(1)(d)(iii) of SEBI (SAST) Regulations.
This filing shows consolidation of promoter group holding in Vraj Iron and Steel, with the combined promoter entity's stake rising to 71.36%. This strengthens promoter control over the company through an intra-group restructuring. No open offer was required as the transaction falls under the exempt category.