Description

BSE lists 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 pursuant to 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
  • Distribution numbers: 115789501 to 129289500
  • Date of allotment: December 22, 2025
  • ISIN: INE286H01012
  • All 1,35,00,000 shares are subject to lock-in until November 30, 2027

Regulatory Changes

No new regulatory changes. This is a standard listing notification following a preferential allotment approved under SEBI regulations governing warrant conversion.

Compliance Requirements

  • Trading members must note the lock-in restriction on all 1,35,00,000 shares (Dist. Nos. 115789501 to 129289500) until November 30, 2027
  • These shares cannot be traded by the Promoters until the lock-in period expires

Important Dates

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

Impact Assessment

The listing of 1,35,00,000 new equity shares increases Visa Steel Limited’s total share capital. Since all newly listed shares are under promoter lock-in until November 2027, there is no immediate increase in free-float. Market impact is expected to be low in the short term. Investors should note the expanded promoter holding resulting from this warrant conversion.

Impact Justification

Routine preferential allotment listing for Visa Steel Limited involving promoter shares with a lock-in period; expands share capital but is a standard post-warrant-conversion listing event.