Bajaj Steel Industries Ltd

🔍 Bajaj Steel Industries Demerger: Key Updates & Shareholding Shifts

- Demerger involves Bajaj Exports Pvt Ltd, Rohit Polytex Ltd, and Vidarbha Tradelinks Pvt Ltd (Resulting Company).

- Appointed date for demerger: 01.04.2021.

- Share exchange ratio: 115 equity shares (₹10 each) in Resulting Co. for every 3 shares (₹100 each) in Demerged Co. No.1; 1 share (₹10 each) for every 9 shares (₹10 each) in Demerged Co. No.2.

- NCLT Mumbai Bench approved the Scheme of Arrangement on July 02, 2025.

- Vidarbha Tradelinks’ (VTPL) shareholding in Bajaj Steel rose from 8.04% to 16.39% post-acquisition.

- No cash consideration—shares transferred under NCLT-approved scheme.

- Employee interests protected with continuity of service and benefits.

- Income Tax Dept retains right to review tax implications.

- Filing fee: ₹1,50,000 + GST (paid via RTGS on Dec 03, 2025).

- Promoter group voting rights remain above 33% post-acquisition.