Visa Steel Ltd Allots 1,65,00,000 Equity Shares Upon Conversion of Warrants

Visa Steel Ltd has allotted 1,65,00,000 Equity Shares to VISA Industries Limited upon conversion of 1,65,00,000 fully Convertible Warrants. The Warrants were allotted on November 26, 2025, carrying a right to subscribe to 1 Equity Share per Warrant on receipt of amount at the rate of Rs. 10/- per Warrant (being 25% of the Issue Price per Warrant). Out of this, 1,35,00,000 Warrants were converted into equivalent number of Equity Shares on December 22, 2025. The new Equity Shares so allotted shall rank pari-passu with the existing Equity Shares of the Company. 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.