Description

BSE notifies listing of 1,35,00,000 new equity shares of Visa Steel Limited issued to promoters on a preferential basis pursuant to conversion of warrants, effective March 5, 2026.

Summary

BSE has notified trading members that 1,35,00,000 new equity shares of Visa Steel Limited (Scrip Code: 532721) are listed and permitted to trade on the Exchange with effect from Thursday, March 5, 2026. These shares were issued to promoters on a preferential basis at Rs. 40/- per share (face value Rs. 10/- at a premium of Rs. 30/-) pursuant to the conversion of warrants.

Key Points

  • 1,35,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 30/- (issue price Rs. 40/-) to promoters on a preferential basis
  • Shares issued pursuant to conversion of warrants
  • New shares rank pari-passu with existing equity shares of the company
  • Distribution numbers: 115789501 to 129289500
  • Date of allotment: December 22, 2025
  • ISIN: INE286H01012
  • All 1,35,00,000 shares are under lock-in until November 30, 2027

Regulatory Changes

No regulatory changes. This is a standard listing notification for newly allotted securities following preferential allotment to promoters under warrant conversion.

Compliance Requirements

  • Trading members are informed to update their records to reflect the new securities available for trading from March 5, 2026
  • The lock-in restriction on all 1,35,00,000 shares (Dist. Nos. 115789501 to 129289500) must be observed until November 30, 2027; these shares cannot be traded during the lock-in period

Important Dates

  • Date of Allotment: December 22, 2025
  • Trading Effective Date: March 5, 2026
  • Lock-in Expiry: November 30, 2027

Impact Assessment

The listing adds 1,35,00,000 shares to the tradable universe of Visa Steel Limited (Scrip Code: 532721), though the immediate market impact is limited as all newly listed shares are under a lock-in period until November 30, 2027 and cannot be traded. The preferential allotment to promoters at Rs. 40/- per share increases promoter shareholding. Post lock-in expiry in November 2027, these shares may add selling pressure if promoters choose to liquidate. Existing shareholders should note the dilution effect on their holdings.

Impact Justification

Routine listing of preferentially allotted shares post warrant conversion; shares are under lock-in until November 2027 limiting immediate market impact, but increases total float for Visa Steel Limited.