VRAJ IRON AND STEEL LIMITED : SALE OF INVESTMENT APPROVED

• Board of Directors approved sale of entire 3,96,000 equity shares of MVK Industries Private Limited (Group Company) • Sale to Gopal Sponge and Power Private Limited (Promoter and Holding Company) • Consideration: ₹115/- per equity share, aggregating to ₹4,55,40,000/- • Transaction is a related party transaction, approved on an arm's length basis • Sale of non-core investment to fund ongoing expansion

Vraj Iron and Steel Limited

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