Vidarbha Tradelinks increases stake in Bajaj Steel Industries

Vidarbha Tradelinks Private Limited (VTPL) has acquired 17,10,400 equity shares of Bajaj Steel Industries Limited, increasing its total stake to 34,08,800 shares. This acquisition, representing 8.22% of the diluted share capital, was made through an inter-se transfer pursuant to an NCLT-approved Scheme of Arrangement with Bajaj Exports Private Limited, dated December 11, 2025.

Prior to this acquisition, VTPL held 16,98,400 shares, equating to 8.17% of Bajaj Steel Industries' total share capital. Post-acquisition, VTPL's shareholding has risen to 16.39%. Conversely, Bajaj Exports Private Limited, which previously held 17,10,400 shares (8.22%), now holds zero shares in Bajaj Steel Industries, transferring its entire stake to VTPL.

This strategic move was disclosed on December 16, 2025, to the BSE Limited, fulfilling requirements under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition qualifies for exemption under Regulation 10(1)(d)(iii) of the SEBI (SAST) Regulations, 2011, making an open offer not applicable.