Vraj Iron and Steel Limited has successfully completed the inter-se off-market transfer of 55,55,500 equity shares between promoter group entities following regulatory approval of its merger scheme. V A Transport Private Limited formally disclosed the transfer under SEBI regulations, confirming the consolidation of promoter holdings under Gopal Sponge and Power Private Limited while maintaining aggregate promoter stake at 71.36%.

Vraj Iron Steel Completes Share Transfer Following Merger Approval

Vraj Iron and Steel Limited has completed the inter-se off-market transfer of equity shares between promoter group entities following the regulatory approval of its merger scheme. The company announced on March 27th, 2026, that it received intimation from promoter group entities regarding the completion of share transfer pursuant to the merger scheme approved by the Hon'ble Regional Director, South East Region, Hyderabad.

Share Transfer Completion

The transfer involves 55,55,500 equity shares (16.84%) held by V A Transport Private Limited being transferred to Gopal Sponge and Power Private Limited through off-market transfer (DIS). This transfer was executed on March 27th, 2026, following the merger scheme that became effective from March 18th, 2026.

Transfer Details: Information Shares Transferred: 55,55,500 equity shares Transfer Percentage: 16.84% Transfer Date: March 27th, 2026 Transfer Method: Off-market transfer (DIS) Transferor Company: V A Transport Private Limited Transferee Company: Gopal Sponge and Power Private Limited

Regulatory Disclosure and Compliance

V A Transport Private Limited has submitted formal disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated March 28th, 2026. The disclosure confirms that the entire investment of 55,55,500 equity shares has been vested in Gopal Sponge and Power Private Limited pursuant to the merger scheme.

Regulatory Details: Information Disclosure Regulation: SEBI Regulation 29(2) Disclosure Date: March 28th, 2026 Company CIN: U45202CT1996PTC018323 Director: Vijay Anand Jhanwar (DIN: 00826103) Stock Exchanges: NSE and BSE

Merger Scheme Background

The approved merger scheme involves the consolidation of three transferor companies with Gopal Sponge and Power Private Limited as the transferee company. The regulatory approval was granted vide order dated March 18th, 2026, by the Hon'ble Regional Director, South East Region Directorate, Hyderabad.

Company Role: Company Name Transferor Company No. 1: Kirti Ispat Private Limited Transferor Company No. 2: Utkal Ispat Private Limited Transferor Company No. 3: V A Transport Private Limited Transferee Company: Gopal Sponge and Power Private Limited

Updated Shareholding Structure

Following the completion of the share transfer, the shareholding structure reflects the consolidation of promoter group holdings. The company's total equity share capital remains unchanged at ₹32,98,26,190 divided into 3,29,82,619 equity shares of ₹10 each.

Shareholding Details: Pre-Transfer Post-Transfer V A Transport Private Limited: 55,55,500 shares (16.84%) Nil Gopal Sponge and Power Private Limited: 1,79,82,900 shares (54.52%) 2,35,38,400 shares (71.36%) Total Promoter Holding: 2,35,38,400 shares (71.36%) 2,35,38,400 shares (71.36%)

Key Implications

The completion of this share transfer marks the final step in the promoter group restructuring process. The merger scheme has successfully streamlined the promoter group structure while maintaining the aggregate promoter holding at 71.36% of the company's total issued and paid-up equity share capital. Post-transfer, V A Transport Private Limited ceases to hold any shares in Vraj Iron and Steel Limited, with all holdings now consolidated under Gopal Sponge and Power Private Limited.

Vraj iron and steel Limited has announced the commencement of commercial operations at its new induction furnace unit, marking a significant milestone in the company's expansion plans. The facility, located in Bilaspur, Chhattisgarh, began commercial production on March 27, 2026, following receipt of necessary regulatory approvals.

Regulatory Approval and Capacity Details

The company received the Consent to Operate (CTO) from the Chhattisgarh Environment Conservation Board (CECB) on March 27, 2026, enabling immediate commencement of commercial operations. The key specifications of the new facility are outlined below:

Parameter: Details Unit Type: Induction Furnace Installed Capacity: 1,53,000 TPA Location: Bilaspur, Chhattisgarh Commercial Operations Start: March 27, 2026 Regulatory Authority: Chhattisgarh Environment Conservation Board (CECB)

Technology and Expected Impact

The induction furnace unit has been established using advanced technology, positioning the company to enhance its production capabilities. Management expects the facility to contribute positively to the company's overall operational performance and efficiency.

Compliance and Disclosure

Vraj Iron and Steel Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made pursuant to Para B of Part A of Schedule III of the regulations, ensuring transparency with stakeholders regarding this significant operational development.

The company's shares are listed on BSE with security code 544204 and on NSE under the symbol VRAJ. Company Secretary and Compliance Officer Priya Namdeo signed the official communication to the stock exchanges.

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