Vardhman Special Steels Limited shareholders approved a final dividend of ₹3.5 per equity share for the fiscal year ended March 31, 2026. The payout was ratified during the company’s 16th Annual General Meeting held on September 18, 2026.

The meeting, conducted via Video Conferencing and Other Audio Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars, also saw the adoption of the audited financial statements for FY26. Chairman and Managing Director Sachit Jain presided over the proceedings, which commenced at 10:00 am and concluded at 10:33 am.

Governance and Board Changes

Shareholders approved several key governance resolutions during the ordinary business segment. The board proposed the reappointment of two directors retiring by rotation under Section 152(6) of the Companies Act, 2013:

• Rajendar Kumar Rewari (DIN: 00619240)
• Toshio Ito (DIN: 09654963)

Both directors were eligible and offered themselves for reappointment. Additionally, a special resolution was passed to approve the continuation of Rajendar Kumar Rewari’s term as Executive Director upon attaining the age of 70 years.

Special Resolutions

The special business agenda included two significant approvals:

1. Revision of remuneration payable to Soumya Jain, Executive Director.
2. Ratification of remuneration for Cost Auditors for the financial year ending March 31, 2027.

Voting Process

The company facilitated remote e-voting through CDSL from September 15 to September 17, 2026. Members who did not vote remotely could participate in venue voting. Khanna Ashwani & Associates served as the scrutinizer for the e-voting process. Results were disseminated to stock exchanges and uploaded on the company website and CDSL portal within two working days of the meeting’s conclusion.

Vardhman Special Steels Limited confirmed the completion of its group meeting with analysts and investors on September 9, 2026, in Ludhiana. The session included a plant visit.

Meeting outcome

The company notified the stock exchanges on September 9, 2026, pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Senior management engaged with the investment community to discuss publicly available information. No unpublished price-sensitive information was shared.

Participants

The following institutions attended the group meeting:

• BTH Capital
• Boring AMC
• C.P. Madhwani
• ICICI Securities PMS
• Latent Advisors
• Whimsical Capital

The schedule is subject to change due to exigencies on the part of the fund houses or the company.