Visa Steel Limited (VISASTEEL)

VISA Steel Limited (renaming to VISA Chrome Limited) has announced a significant internal promoter restructuring. VISA Industries Limited (VIL) acquired 44,387,167 equity shares, representing a 30.45% stake, from VISA Infrastructure Limited. This transaction increases VIL's total shareholding from 31.96% to 62.40%, officially making it the holding company of the entity. Additionally, the company is undergoing a formal name change to VISA Chrome Limited effective May 20, 2026.

• Transfer of 44,387,167 equity shares (30.45% stake) between promoter group entities.
• VISA Industries Limited stake increased from 31.96% to 62.40% of total paid-up capital.
• VISA Industries Limited has officially become the holding company of the firm.
• Company name change to VISA Chrome Limited (NSE: VISACHROME) effective May 20, 2026.

Visa Steel Limited has announced a formal change in its corporate name to VISA Chrome Limited, effective from May 20, 2026. In conjunction with the name change, the National Stock Exchange (NSE) will update the company's trading symbol from VISASTEEL to VISACHROME. This rebranding likely signifies a strategic focus on the company's chrome-related business operations. Investors should ensure their portfolio trackers are updated to reflect the new symbol on the effective date.

• Official name change from Visa Steel Limited to VISA Chrome Limited effective May 20, 2026.
• NSE trading symbol will transition from VISASTEEL to VISACHROME.
• Change is documented under NSE Circular Ref. No: 0779/2026 and Download Ref No: NSE/CML/74213.
• The rebranding suggests a potential shift or narrowing of business focus towards chrome products.

VISA Steel Limited has officially changed its corporate name to VISA Chrome Limited following approval from the Registrar of Companies, Ministry of Corporate Affairs. The change became effective on April 28, 2026, and includes an amendment to the company's Memorandum and Articles of Association. This rebranding follows a series of board and shareholder intimations initiated in February 2026. The company's legal identity and stakeholder rights remain unchanged despite the new nomenclature.

• Official name change from VISA Steel Limited to VISA Chrome Limited effective April 28, 2026.
• Approval received from the Registrar of Companies, Central Processing Centre, Manesar.
• The company's Memorandum and Articles of Association have been altered to reflect the new name.
• The Corporate Identification Number (CIN) remains L51109OR1996PLC004601.
• The company is required to display its old name alongside the new name for a period of two years.

VISA Steel Limited has received formal approval from the Registrar of Companies to change its corporate name to VISA Chrome Limited, effective April 28, 2026. This change follows previous board intimations made in February and March 2026 and involves a formal amendment to the company's Memorandum and Articles of Association. The rebranding likely indicates a strategic shift or a more focused approach toward its chrome business segments. While the name changes, the company's legal obligations and stakeholder rights remain entirely unaffected.

• Official name change from VISA Steel Limited to VISA Chrome Limited effective April 28, 2026
• Approval granted by the Registrar of Companies, Ministry of Corporate Affairs, Manesar
• Memorandum and Articles of Association (MOA/AOA) amended to reflect the new corporate identity
• Company is legally required to display its former name alongside the new name for a period of two years
• The change does not impact the existing rights or liabilities of shareholders and stakeholders

Visa Steel Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by KFin Technologies Limited, confirms that all dematerialization requests received between January 1, 2026, and March 31, 2026, were processed within the mandated 15-day period. This filing ensures that the company's shareholding records are accurately maintained and that physical certificates are properly cancelled after dematerialization. This is a standard procedural disclosure required by Indian stock exchanges.

• Compliance certificate submitted for the quarter ended March 31, 2026
• KFin Technologies confirmed processing of demat requests within 15 days of receipt
• Verification and cancellation of physical security certificates completed as per SEBI norms
• Depositories have been substituted in the register of members as registered owners for approved requests

Visa Steel Limited has successfully passed a special resolution via postal ballot to change the company's name and amend its Memorandum and Articles of Association. The resolution received overwhelming support, with 99.99% of the 84.83 million votes cast in favor. The voting process saw 100% participation from the promoter group and a significant 72.26% participation from public non-institutional shareholders. This administrative change follows a record date of February 13, 2026, involving a share capital base of 115.79 million shares.

• Special resolution for name change passed with 99.9973% of votes in favor.
• Total voter turnout represented 73.27% of the company's 115.79 million outstanding shares.
• Promoter group cast 60.98 million votes, representing 100% support for the resolution.
• Public non-institutional participation was high at 72.26%, with 23.85 million votes polled.
• The voting capital excluded 13.5 million shares allotted to promoters in Dec 2025 due to timing of trading approvals.

Visa Steel Limited has announced the successful passage of a special resolution via postal ballot to change the company's name and amend its Memorandum and Articles of Association. The resolution was passed with an overwhelming majority, receiving 99.9973% of the total votes in favor. A total of 84.83 million votes were polled, representing approximately 73.27% of the eligible share capital of 115.79 million shares. The promoter group and public non-institutional investors showed strong alignment, with nearly zero opposition to the proposal.

• Special resolution for name change passed with 84,831,948 votes in favor and only 2,249 votes against.
• Promoter group cast 60,977,167 votes (100% in favor), representing their entire eligible holding as of the record date.
• Public non-institutional participation stood at 72.26%, with 23.85 million votes supporting the resolution.
• The voting results excluded 13.5 million shares recently allotted to promoters as trading approval was received after the February 13, 2026 record date.

Visa Steel Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting April 1, 2026. This action is taken in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the results are made public. This is a mandatory regulatory requirement for listed companies in India to prevent insider trading during the financial finalization period.

• Trading window closure begins on April 1, 2026.
• Closure is related to the audit and declaration of financial results for the period ending March 31, 2026.
• The restriction will be lifted 48 hours after the results are filed with the exchanges.
• Compliance is mandated under SEBI (Prohibition of Insider Trading) Regulations, 2015.

VISA Steel Limited has initiated a postal ballot process to seek shareholder approval for changing its corporate name to 'VISA Chrome Limited.' The company has established February 13, 2026, as the cut-off date to determine eligibility for voting on this special resolution. The remote e-voting period is scheduled to run from February 24, 2026, to March 25, 2026. This administrative change will involve consequential amendments to the company's Memorandum and Articles of Association but will not affect its legal status or stock exchange listing.

• Proposed corporate name change from 'VISA Steel Limited' to 'VISA Chrome Limited' via Special Resolution.
• Cut-off date for determining shareholder voting eligibility is February 13, 2026.
• Remote e-voting period spans 30 days, starting February 24 and ending March 25, 2026.
• The change will not impact the ISIN of equity shares or the company's listing on BSE and NSE.

The Board of VISA Steel Limited has approved a proposal to change the company's name to 'VISA Chrome Limited', signaling a strategic shift or focus toward its chrome business. Alongside this rebranding, the Board approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The name change is subject to approval from shareholders via postal ballot and regulatory clearance from the Ministry of Corporate Affairs. This administrative move aims to better reflect the company's current business identity and future direction.

• Board approved the change of company name from 'VISA Steel Limited' to 'VISA Chrome Limited'.
• Unaudited standalone and consolidated financial results for Q3 and 9M FY26 were approved on February 4, 2026.
• Postal Ballot notice approved to seek shareholder consent for name change and MoA/AoA amendments.
• The rebranding is pending approval from the Ministry of Corporate Affairs and the Central Government.
• The Board meeting concluded at 16:20 Hours following a nearly four-hour session.

Visa Steel Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the period ending December 31, 2025. The certificate, provided by KFin Technologies Limited, confirms that all dematerialization requests were processed within the mandated 15-day window. It also verifies that physical share certificates were mutilated and cancelled after due verification, and records were updated accordingly. This is a standard administrative filing required for all listed entities in India.

• Compliance certificate issued for the quarter and nine months ended December 31, 2025.
• Registrar KFin Technologies confirmed processing demat requests within 15 days of receipt.
• Physical security certificates were mutilated and cancelled after verification as per SEBI norms.
• Company records were updated to reflect depositories as the registered owners for approved demat requests.