Visa Steel allots shares to promoter group after warrant conversion

Visa Steel Limited announced the allotment of 13.5 million equity shares to VISA Industries Limited, a member of the promoter group, on December 22, 2025. This allotment follows the conversion of an equal number of fully convertible warrants, for which the balance subscription amount of Rs. 30/- per warrant (75% of the issue price) was received, totaling Rs. 405 million. These warrants were initially allotted on November 26, 2025, at an issue price of Rs. 40/- per warrant.

The preferential allotment, approved by the Preferential Issue Committee and members at an Extra-Ordinary General Meeting on November 2, 2025, increases the company's issued and paid-up share capital from Rs. 1,15,78,95,000/- to Rs. 1,29,28,95,000/-, consisting of 12,92,89,500 equity shares of Rs. 10/- each. The new equity shares will rank pari-passu with existing equity shares.

This information aligns with Regulation 30 of the SEBI Listing Regulations and the SEBI Master Circular dated November 11, 2024.