Visa Steel Ltd Allots 16500000 Equity Shares Upon Conversion of Warrants

Visa Steel Ltd has allotted 16500000 Equity Shares upon conversion of Warrants. This is in furtherance to the intimation made by the company on November 26, 2025, informing about the allotment of 5,00,00,000 fully convertible warrants to VISA Industries Limited, a member of the Promoter Group. The Preferential Issue Committee of the Board of Directors of the Company has approved the allotment of these Equity Shares against receipt of Rs. 49,50,00,000/- being the balance subscription amount of Rs. 30/- per Warrant upon conversion/exercise of 1,65,00,000 fully Convertible Warrants into Equity Shares. The Issued and Paid-up Share Capital of the Company stands increased to Rs.1 ,45,78,95,000/- consisting of 14,57,89,500 Equity Shares of Rs.10/- each. The new Equity Shares so allotted shall rank pari-passu with the existing Equity Shares of the Company.