Visa Steel Ltd Converts 16.5 Million Warrants into Equity Shares, Increasing Issued and Paid-up Share Capital to Rs.1,45,78,95,000

Visa Steel Ltd has converted 16,500,000 warrants into equity shares, following the allotment of 5,000,000 fully convertible warrants to VISA Industries Limited, a member of the Promoter Group. The conversion took place on April 6, 2026, upon receipt of Rs. 49,50,00,000/- (Rupees Forty-nine Crore Fifty Lakhs only) being the balance subscription amount of Rs. 30/- per Warrant (which is 75% of Issue Price). This has resulted in an increase in the Issued and Paid-up Share Capital of the Company to Rs.1,45,78,95,000/- consisting of 14,57,89,500 Equity Shares of Rs.10/- each.