Vraj Iron Steel Promoter Merger Scheme Approved

Vraj Iron and Steel discloses Regional Director approval of promoter merger scheme dated March 18, 2026.
Three promoter entities — KIPL, UIPL, VATPL — merge into Gopal Sponge and Power Private Limited (GSPPL).
GSPPL's holding in Vraj Iron consolidates to 71.36% (2,35,38,400 shares); aggregate promoter stake unchanged.
VATPL ceases to exist post-merger; its 55,55,500 shares (16.84%) transfer to GSPPL under the scheme.