Promoter Group Company, VA Transport, Transfers Entire Investment in Vraj Iron and Steel to Gopal Sponge and Power via Scheme of Merger

VA Transport Private Limited, a member of the Promoter Group of Vraj Iron and Steel Limited, has transferred its entire investment in Vraj Iron and Steel Limited to Gopal Sponge and Power Private Limited. This transfer is pursuant to a Scheme of Merger sanctioned by the Hon'ble Regional Director, South East Region Directorate Hyderabad. The transferor companies, Kirti Ispat Private Limited, Utkal Ispat Private Limited, and VA Transport Private Limited, have merged with Gopal Sponge and Power Private Limited. The transfer has resulted in VA Transport's entire equity shares in Vraj Iron and Steel Limited being vested in and transferred to Gopal Sponge and Power Private Limited.