Vraj Iron and Steel Limited Receives Approval for Promoter Company Merger
Vraj Iron and Steel Limited announced that the scheme of merger by absorption of Kirti Ispat Private Limited ("KIPL"), Utkal Ispat Private Limited ("UIPL"), and V A Transport Private Limited ("VATPL") with Gopal Sponge and Power Private Limited (GSPPL) (Promoter Companies) has been approved by the Hon'ble Regional Director, South East Region, Hyderabad, vide its order dated March 28, 2026.Following the merger, investments held in VATPL within Vraj Iron and Steel Limited will be consolidated with GSPPL, with VATPL, KIPL, and UIPL ceasing to exist. The aggregate holding of the promoters in Vraj Iron and Steel Limited will remain unchanged.
The following table details the shareholding pattern of promoter group entities of Vraj Iron and Steel Limited, both before and after the merger.
| Sr. No. | Name of the Shareholders/ Promoters (Transferor and Transferee Company) | Relationship with Listed Entity | Shareholding Pre Merger (No. of Shares) | Shareholding Pre Merger (%) | Shareholding Post Merger (No. of Shares) | Shareholding Post Merger (%) |
|---|---|---|---|---|---|---|
| 3 | V A Transport Private Limited (Transferor Company No. 3) | Promoter and Ultimate Holding Company | 55,55,500 | 16.84 | ||
| 4 | Gopal Sponge and Power Private Limited (Transferee Company) | Promoter and Holding Company | 1,79,82,900 | 54.52 | 2,35,38,400 | 71.36 |
| Total | Total | Total | 2,35,38,400 | 71.36 | 2,35,38,400 | 71.36 |
Priya Namdeo, Company Secretary and Compliance Officer of Vraj Iron and Steel Limited, provided the update.
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