VISA Chrome: Pledge Invoked by Assets Care & Reconstruction

Assets Care & Reconstruction Enterprise Ltd (ACRE), acting as trustees for various trusts, has invoked a pledge over 23,787,833 equity shares of VISA Chrome Limited (formerly VISA Steel Limited). This invocation represents 16.3% of the total share capital and 14.3% of the diluted share capital. The shares were originally pledged in favor of ACRE for the benefit of security receipt holders. This action signifies a significant shift in shareholding control due to the invocation of the pledge.