Vardhman Special Steels Attends India Manthan 2026 Conference

Vardhman Special Steels has announced the outcome of its participation in the 'India Manthan 2026' investor conference. The management engaged with analysts and institutional investors during the event organized by Yes Securities on Thursday, 21st May, 2026, at Hotel Aurika, Mumbai.

Conference Participation Details

The company's involvement in the conference was part of its ongoing investor relations activities. The key details regarding the event are summarized below:

Parameter	Details
Conference Name	India Manthan 2026
Organizer	Yes Securities
Date	Thursday, 21st May, 2026
Venue	Hotel Aurika, Mumbai
Nature of Event	Investor Conference

Disclosure and Information Sharing

Vardhman Special Steels confirmed that all discussions during the meetings were strictly restricted to information already available in the public domain. The company explicitly stated that no Unpublished Price Sensitive Information (UPSI) was shared with any analysts or institutional investors during the conference. The disclosure was filed in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.42%	-2.35%	+0.60%	-2.44%	+3.74%	+174.85%

Vardhman Special Steels Limited has submitted a formal declaration to the National Stock Exchange of India Limited, confirming that its promoters and persons acting in concert (PAC) have not created any encumbrance, directly or indirectly, on the shares of the company held by them during FY 2025-26. The declaration, dated April 3, 2026, was filed in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance Under SEBI Takeover Regulations

The declaration was signed by Sachit Jain on behalf of the company and addressed to the Listing Department of the National Stock Exchange of India Limited. The filing reaffirms the promoter group's adherence to SEBI's disclosure and compliance framework governing substantial acquisition of shares and takeovers. No encumbrance of any nature — direct or indirect — has been reported on the promoter shareholding for the financial year under review.

Promoters and Persons Acting in Concert as on March 31, 2026

The disclosure includes a comprehensive list of 22 promoters and persons acting in concert as on March 31, 2026. The following individuals and entities form the promoter group covered under this declaration:

Sr. No:	Name of Promoter / Person Acting in Concert
1	Shri Paul Oswal
2	Shakun Oswal
3	Sachit Jain
4	Suchita Jain
5	Soumya Jain
6	Sagrika Vir
7	Mahavir Spinning Mills Private Limited
8	Ramaniya Finance and Investment Company Limited
9	Devakar Investment and Trading Company Private Limited
10	Santon Finance and Investment Company Limited
11	Flamingo Finance and Investment Company Limited
12	Vardhman Holdings Limited
13	Vardhman Textiles Limited
14	VTL Investments Limited
15	Mahavir Shares Trust (Deepak Jain, Trustee)
16	Amber Syndicate
17	Paras Syndicate
18	Northern Trading Company
19	Eastern Trading Company
20	Adishwar Enterprises LLP
21	SP Oswal Trust (Shri Paul Oswal, Trustee)
22	Mrs. Shakun Oswal Trust (Shri Paul Oswal, Trustee)

Key Highlights of the Declaration

Filing Date: April 3, 2026
Regulatory Basis: Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Period Covered: FY 2025-26
Encumbrance Status: Nil — no encumbrance created, directly or indirectly
Promoter Group Size: 22 promoters and persons acting in concert
Reference Date for Promoter List: March 31, 2026

This filing underscores the promoter group's continued compliance with SEBI's regulatory requirements pertaining to transparency in shareholding and encumbrance disclosures.