@Shirisha Sudhakar Rao
Thank you for reaching out.
If I understand it correctly you have Azure VPN already set-up and connected to your on-prem resources and now you wish to add another virtual network in Azure and grant it access to your on-prem resources.
Based on my understanding above. Yes, this is possible. To enable this connectivity, you will need to peer the new virtual network with the virtual network containing your VPN Gateway. While setting up this peering you need to enable Gateway Transit property. Gateway transit is a peering property that lets one virtual network use the VPN gateway in the peered virtual network for cross-premises connectivity. Routes to the gateway-connected virtual networks or on-premises networks will propagate to the routing tables for the peered virtual networks using gateway transit. You can follow this documentation for enabling this connectivity.
Additional resources:
https://learn.microsoft.com/en-us/azure/virtual-network/virtual-network-manage-peering?tabs=peering-portal#create-a-peering
https://learn.microsoft.com/en-us/azure/virtual-network/virtual-network-manage-peering?tabs=peering-portal#requirements-and-constraints
Hope this helps! Please let us know if you have any additional questions. Thank you!