Vraj Iron Sells MVK Stake to Promoter

Date: September 28, 2026

Board approved sale of entire 3,96,000 equity shares held in MVK Industries Private Limited to Gopal Sponge and Power Private Limited
Consideration: ₹115 per equity share (book value plus 25% premium)
Total transaction value: ₹4,55,40,000/- (Rupees Four Crore Fifty-Five Lakh Forty Thousand only)
Meeting timing: Commenced at 03:43 PM, concluded at 05:37 PM

Entity involved: MVK Industries Private Limited (Group Company)
Stake sold: Entire holding of 3,96,000 equity shares representing 13.20% stake
Buyer: Gopal Sponge and Power Private Limited (Promoter and Holding Company)
Transaction constitutes Related Party Transaction under Companies Act, 2013 and SEBI LODR Regulations
Transaction conducted at arm's length basis
Investment classified as non-core investment made prior to company listing
Investment not generating any recurring income for the company
Proceeds to be utilized towards company's ongoing expansion

Contribution to net worth: ₹2,34,96,593/- (0.57% of total net worth)
MVK Industries accounts were not consolidated with the company during last financial year
Turnover/revenue/income did not form part of consolidated financial statements
Contribution to net worth primarily represents other comprehensive income (OCI) from fair value changes in investments