BSEInsider Trading / SAST1d ago · 19 Aug 2026, 05:41 pm
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for AL Maha Investment Fund PCC ONYX Strategy
VISA Chrome Ltd · 532721
✦ AI SummaryRegulatory
VISA Chrome Ltd received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from AL MAHA INVESTMENT FUND PCC ONYX STRATEGY, indicating a 5.4146% stake in the company through the acquisition of 7,894,000 equity shares.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10
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VISA Chrome Ltd - 532721 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
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AL MAHA INVESTMENT FUND – ONYX STRATEGY
The Gardens, Ground Floor, Bagatelle Office Park,
Bagatelle, Moka 80832, Mauritius
Format for disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Part-A - Details of the Acquisition
Name of the Target Company (TC) VISA CHROME LIMITED (Formerly known as
VISA Steel Limited)
Name(s) of the acquirer and Persons AL MAHA INVESTMENT FUND PCC-ONYX
Acting in Concert (PAC) with the acquirer STRATEGY
Whether the acquirer belongs to No
Promoter / Promoter group
Name(s) of the Stock Exchange(s) NSE and BSE
where the shares of TC are Listed
Details of the acquisition as follows Number % w.r.t.total % w.r.t. total
share/voting diluted
capital share/voting
wherever capital of the
applicable (*) TC (**)
Before the acquisition under 0 0.00% 0.00%
consideration, holding of acquirer Nil Nil Nil
along with PACs of: Nil Nil Nil
Nil Nil Nil
a) Shares carrying voting rights 0 0.00% 0.00%
b) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise than by
shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
e) Total (a+b+c+d)
Details of acquisition 7,894,000 5.4146% 4.7615%
Nil Nil Nil
a) Shares carrying voting rights Nil Nil Nil
acquired Nil Nil Nil
b) VRs acquired otherwise than by
equity shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category) acquired
AL MAHA INVESTMENT FUND – ONYX STRATEGY
The Gardens, Ground Floor, Bagatelle Office Park,
Bagatelle, Moka 80832, Mauritius
d) Shares in the nature of encumbrance Nil Nil Nil
(pledge/ lien/ non-disposal 7,894,000 5.4146% 4.7615%
undertaking/ others)
e) Total (a+b+c+/-d)
After the acquisition, holding of 7,894,000 5.4146% 4.7615%
acquirer along with PACs of: Nil Nil Nil
Nil Nil Nil
a) Shares carrying voting rights Nil Nil Nil
b) VRs otherwise than by equity 7,894,000 5.4146% 4.7615%
shares
c) Warrants/convertible securities
/any other instrument that entitles
the acquirer to receive shares
carrying voting rights in the TC
(specify holding in each category)
after acquisition
d) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
e) Total (a+b+c+d)
Mode of acquisition (e.g. open market /
public issue / rights issue / preferential Open Market
allotment / inter-se transfer /
encumbrance, etc.)
Salient features of the securities acquired Equity shares carrying voting rights; no
including time till redemption, ratio at conversion/redemption terms applicable.
which it can be converted into equity
shares, etc.
Date of acquisition of / date of receipt of
intimation of allotment of shares / VR/
warrants/convertible securities/any other 17th August 2026
instrument that entitles the acquirer to
receive shares in the TC.
Equity share capital / total voting capital of 14,57,90,000 equity shares / voting capital
the TC before the said acquisition
Equity share capital/ total voting capital of 14,57,90,000 equity shares / voting capital
the TC after the said acquisition
Total diluted share/voting capital of the 165,789,500 shares on fully diluted basis
TC after the said acquisition (including outstanding warrants / convertible
securities, as applicable)
AL MAHA INVESTMENT FUND – ONYX STRATEGY
The Gardens, Ground Floor, Bagatelle Office Park,
Bagatelle, Moka 80832, Mauritius
Part-B***
Name of the Target Company: VISA CHROME LIMITED (Formerly known as VISA Steel
Limited
Name(s) of the acquirer Whether the acquirer PAN of the acquirer and/
and Persons Acting in belongs to Promoter/ or PACs
Concert (PAC) with the Promoter group
acquirer
AL MAHA INVESTMENT No ABBCA2764N
FUND PCC-ONYX STRATEGY
Drafting note: The 7,894,000 equity shares represent 5.4146% of the current equity
share/voting capital of 14,57,90,000 shares, but 4.7615% of the fully diluted capital of
165,789,500 shares. Before this acquisition, holding is assumed Nil/0.00%. Please confirm
acquisition date, mode, stock exchange(s), and that there was no prior holding before
signing/filed submission.
Signature of the acquirer / Authorised Signatory
Desheeta Devi Ramburun, Director
Place: Mauritius
Date: 19 August 2026
Note:
(*) Total share capital/ voting capital to be taken as per the latest filing done by the
company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full
conversion of the outstanding convertible securities/warrants into equity shares of the
(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.