VISA STEEL LTD. - 532721 - Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution Professional (IRP)
Appointment of IRP and Form A02-12-2022
02-12-2022
VISA STEEL LTD. - 532721 - Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
This is to inform you that the Hon'ble National Company Law Tribunal (NCLT) Cuttack Bench vide Order dated 28 November 2022 (received by us on 29 November 2022) has admitted the application for initiating Corporate Insolvency Resolution Process (CIRP) against VISA Steel Limited (the Company) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) and Shri Ajay Kumar Agarwal (IP Registration No. IBBI/IPA-002/IP-N00608/2018-2019/11859) has been appointed as an Interim Resolution Professional (IRP) under the provisions of IBC. A copy of the Order dated 28 November 2022 is enclosed for reference. Further, the Company understands that appropriate legal actions are being considered and discussions are also ongoing with lenders for settlement/resolution outside IBC.30-11-2022
VISA STEEL LTD. - 532721 - Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal
This is to inform you that the Hon'ble National Company Law Tribunal (NCLT) Cuttack Bench vide Order dated 28 November 2022 (received by us on 29 November 2022) has admitted the application for initiating Corporate Insolvency Resolution Process (CIRP) against VISA Steel Limited (the Company) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) and Shri Ajay Kumar Agarwal (IP Registration No. IBBI/IPA-002/IP-N00608/2018-2019/11859) has been appointed as an Interim Resolution Professional (IRP) under the provisions of IBC. A copy of the Order dated 28 November 2022 is enclosed for reference. Further, the Company understands that appropriate legal actions are being considered and discussions are also ongoing with lenders for settlement/resolution outside IBC.30-11-2022
VISA STEEL LTD. - 532721 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for VISA Industries Ltd & VISA Infrastructure Ltd09-11-2022
VISA STEEL LTD. - 532721 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narain Prasad Dalmia & PACs09-11-2022
VISA STEEL LTD. - 532721 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for VISA Industries Ltd & VISA Infrastructure Ltd & Narain Prasad Dalmia & PACs09-11-2022
VISA STEEL LTD. - 532721 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Visa Industries Ltd & Visa Infrastructure Ltd07-11-2022
VISA STEEL LTD. - 532721 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narain Prasad Dalmia07-11-2022
VISA STEEL LTD. - 532721 - Outcome Of The Board Meeting - Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please be informed that the Board of Directors of the Company, at its Meeting held on Monday, 31 October 2022 has inter-alia: Approved the Unaudited Standalone and Consolidated Financial Results of the Company including Cash Flow Statement, Statement of Assets and Liabilities for the quarter and half year ended 30 September 2022 in the specified format along with the Limited Review Report of Statutory Auditor's, pursuant to the provisions of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Copy of Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30 September 2022, in the specified format along with the Limited Review Report of Statutory Auditor's is enclosed. The meeting commenced at 1700 hours and concluded at 1820 hours.31-10-2022