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Visa Steel informs about board meeting outcome

04 Oct 2025 Evaluate
Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 (Listing Regulations), Visa Steel has informed that the Board of Directors of the Company, at its Meeting held on Saturday, October 4, 2025 has approved the following: i Raising of funds by way of preferential issue of upto 5,00,00,000 convertible warrants, each exercisable into, or convertible for 1 (one) fully paid up Equity Share of the Company of face value of Rs 10 each (Warrants) at a price of Rs 40 each payable in cash, aggregating upto Rs 2,00,00,00,000, which may be exercised in one or more tranches during the period commencing from the date of allotment of the Warrants until expiry of 18 (Eighteen) months on such terms and conditions as set out in Annexure - A, subject to applicable laws and regulations, including the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (‘ICDR Regulations”) and the Companies Act, 2013 as the Board may determine (the ‘Preferential Issue’) to the members of the promoter group of the Company ('Proposed Allottees”) as detailed in Annexure-‘A’ and subject to statutory and regulatory approvals, appropriate sanctions and permissions including approval of the Members' of the Company. The Relevant Date in terms of SEBI ICDR Regulations is Friday, October 3, 2025.  Details as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023, with respect to the Preferential Issue is enclosed as Annexure - ‘A’ 

The above information is a part of company’s filings submitted to BSE. 


VISA Chrome Share Price

45.48 1.54 (3.50%)
06-May-2026 11:11 View Price Chart
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