<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>VISA Steel allots convertible warrants to promoters</title>
    <link>https://www.taxtmi.com/news?id=62840</link>
    <description>Board-level approval for preferential allotment of five crore fully convertible warrants to a promoter-group entity at Rs 40 each, with 25% paid upfront and 75% payable on conversion; each warrant converts into one equity share within 18 months. Warrants are locked and unlisted, producing no immediate change in paid-up capital but potentially increasing promoter shareholding upon full conversion.</description>
    <language>en-us</language>
    <pubDate>Wed, 26 Nov 2025 19:16:03 +0530</pubDate>
    <lastBuildDate>Wed, 26 Nov 2025 19:16:03 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=867418" rel="self" type="application/rss+xml"/>
    <item>
      <title>VISA Steel allots convertible warrants to promoters</title>
      <link>https://www.taxtmi.com/news?id=62840</link>
      <description>Board-level approval for preferential allotment of five crore fully convertible warrants to a promoter-group entity at Rs 40 each, with 25% paid upfront and 75% payable on conversion; each warrant converts into one equity share within 18 months. Warrants are locked and unlisted, producing no immediate change in paid-up capital but potentially increasing promoter shareholding upon full conversion.</description>
      <category>News</category>
      <law>-</law>
      <pubDate>Wed, 26 Nov 2025 19:16:03 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/news?id=62840</guid>
    </item>
  </channel>
</rss>