Vraj Iron and Steel (NSE: VRAJ) Discloses Promoter Shareholding
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Data Extracted via Frism DocuLens
The promoter group of Vraj Iron and Steel Limited (NSE: VRAJ) holds a consolidated 24,721,720 shares, with Gopal Sponge and Power Private Ltd. owning 23,538,400 shares after recent mergers, and none of these shares are pledged.
- Total promoter & PAC holdings: 24,721,720 shares, dominated by Gopal Sponge and Power Private Ltd. (23,538,400 shares); individual promoters Vijay Anand Jhanwar (991,645) and Kusum Lata Maheshwari (191,675) hold the remainder.
- Recent mergers added 5,555,500 shares from VA Transport Private Ltd. (merged on 27 Mar 2026) and incorporated Kirti Ispat Pvt Ltd. and Utkal Ispat Pvt Ltd. (no shares) into Gopal Sponge and Power Private Ltd..
- The filing confirms no encumbrance (no pledge or lien) on any promoter shares for FY 2025‑26, indicating strong promoter confidence.
- High promoter concentration means stable control but may limit free‑float, affecting liquidity and potentially deterring institutional investors.
- Consolidated ownership simplifies governance and could enable faster strategic moves, though any future sale or pledge could dilute existing shareholders.
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