Visa Steel Shares Jump 4.99% Ahead of Board Meeting on Fundraising Proposal

Kolkata, October 3, 2025: Visa Steel Limited (BSE: 532721, NSE: VISASTEEL) closed with a 4.99% surge on Friday, after the company issued an announcement about the Board of Directors meeting on Saturday, October 4, 2025, for considering the fundraising.

According to the exchange filing, the board will consider the issue of funds through the issuance of equity shares, warrants convertible into equity, warrants, or other securities via preferential allotment or other permissible modes as permitted under applicable laws and relevant regulations.

Established in 1996 and listed on March 17, 2006, the company is engaged in the ferro alloys and the steel industry, and is mostly engaged in trading ferro chrome, pig iron, as well as special steels. It falls under the Visa Group of companies, having business exposures in natural resources as well as manufacturing.

Share Price Update

Visa Steel Ltd. closed at ₹45.27 on 3 October 2025, marking a 4.99% gain. The stock opened at ₹45.27, which also stood as the intraday high. The company’s market capitalisation is ₹524.18 crore. At present, the share has no reported P/E ratio or dividend yield. Its 52-week range spans from a low of ₹25.46 to a high of ₹45.48. No quarterly dividend has been declared for the period.

Fundraising Proposal

• The Board meeting will also approve and consider fundraising by the issue of Equity shares/warrants or other securities.
• The route may be made up of a preferential allotment or a set of instruments.
• Shareholder as well as regulatory approval shall be needed.
• The window for the company’s trade was also shut between September 25, 2025, and 48 hours after the release of the Q2 & H1 FY26 results.

Market Context

The stock remains under the LT ASM-1 framework, following losses reported over the past eight quarters. Despite these financial challenges, today’s surge has pushed the scrip close to its 52-week high of ₹45.48, reflecting strong investor interest ahead of the board’s upcoming decision.

REF: https://nsearchives.nseindia.com/corporate/VISASTEEL_30092025172104_SE_Intimation_for_BM.pdf

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