Vardhman Special Steels filed its Business Responsibility and Sustainability Report for FY26 with stock exchanges on August 25, 2026. The disclosure outlines the company’s environmental metrics, governance structures, and social initiatives for the financial year ending March 31, 2026.

Environmental Metrics

The company reported total energy consumption of 1,054,138 Gigajoules in FY26, up from 1,032,012 Gigajoules in FY25. Renewable sources contributed 35,274 Gigajoules, while non-renewable sources accounted for the remainder. Greenhouse gas emissions intensity stood at 0.737 metric tonnes of CO2 equivalent per tonne of billet production, compared to 0.730 metric tonnes in the prior year.

Water withdrawal increased to 264,529 kilolitres from 232,799 kilolitres in FY25, entirely sourced from groundwater. Total waste generated fell to 59,214.53 metric tonnes from 72,984.04 metric tonnes in FY25.

Capital Expenditure and Initiatives

Capital expenditure directed toward improving environmental and social impacts rose sharply to 58.79% of total capex in FY26, compared to 0% in FY25. This shift reflects investments in infrastructure such as an Effluent Treatment Plant and upgraded Fume Extraction Systems.

The company commissioned a 40 MW AC solar power plant in February 2026. Management stated this facility meets approximately 40% of total energy requirements, generating nearly 9 crore units of clean energy annually. Additionally, the company eliminated furnace oil consumption, switching to natural gas for ladle heating and replacing steam boilers with electric pumps.

Social and Governance Disclosures

Corporate Social Responsibility spending reached ₹2.76 crore in FY26. Key initiatives included providing artificial limbs to 1,453 beneficiaries and supporting digital literacy for 1,364 women micro-entrepreneurs. The workforce comprised 477 permanent employees and 1,532 workers. Female representation on the Board of Directors was 21.43%, while Key Managerial Personnel included 33.33% female representation.

Safety metrics showed a Lost Time Injury Frequency Rate of 1.60 per million person-hours for workers, up from 1.23 in FY25. No fatalities were reported. The company incurred penalties totaling approximately ₹12 lakh across three regulatory cases related to tax compliance, all of which were appealed except one minor profession tax penalty.

What the Numbers Show

The divergence between rising water withdrawal (+13.6% YoY) and declining waste generation (-18.9% YoY) suggests operational scaling that is more resource-intensive in terms of water but more efficient in material yield or process optimization. Simultaneously, the jump in green capex from 0% to 58.79% indicates a strategic pivot toward decarbonization infrastructure, aligning with the commissioning of the solar plant.

Vardhman Special Steels Limited has scheduled its 16th Annual General Meeting for September 18, 2026. The meeting will be conducted through video conferencing in compliance with SEBI and Ministry of Corporate Affairs regulations.

The company announced the event on August 25, 2026, alongside the release of its Annual Report for FY26. Shareholders can access the report and the notice convening the meeting on the company’s website.

Voting Schedule

The cut-off date to ascertain eligibility for electronic voting is September 11, 2026. Central Depository Services (India) Limited will facilitate the e-voting process.

Regulatory Compliance

The disclosure aligns with Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sonam Dhingra, Company Secretary, signed the communication.