Vardhman Special Steels has reported a robust financial performance for the third quarter, with net profit registering a significant year-on-year growth. The company's bottom line showed strong momentum during the reporting period.

Financial Performance Highlights

The company's net profit for the third quarter stood at ₹336.00 million, marking a substantial increase from the corresponding quarter of the previous year. This represents a notable improvement in the company's profitability metrics.

Growth Analysis

The year-on-year comparison reveals a strong upward trajectory in the company's earnings. The net profit growth of 57.01% indicates improved operational performance and enhanced profitability during the third quarter. This substantial increase reflects the company's ability to generate higher returns during the reporting period.

The financial results demonstrate Vardhman Special Steels' strengthened market position and operational efficiency improvements. The significant profit growth suggests effective cost management and revenue optimization strategies implemented by the company during the quarter.

Vardhman Special Steels has successfully allotted 1,23,750 equity shares to eligible employees under its Employee Stock Option Plans (ESOP), marking a significant milestone in the company's employee engagement initiatives. The allotment was approved by the Committee of Directors (ESOP Plan) during their meeting held on January 08, 2026.

ESOP Allotment Details

The comprehensive allotment encompasses shares from two distinct ESOP schemes operated by the company. The details of the share allotment are structured as follows:

ESOP Scheme Framework

The allotment draws from two established Employee Stock Option Plans that demonstrate the company's long-term commitment to employee participation:

• Vardhman Special Steels Limited Employee Stock Option Plan, 2016
• Vardhman Special Steels Limited Employee Stock Option Plan, 2020

Eligible employees who exercised their stock options under these schemes received the allocated shares. The inclusion of 61,875 bonus shares in a 1:1 ratio alongside the ESOP shares enhances the value proposition for participating employees.

Share Characteristics and Rights

The newly allotted equity shares carry full rights and privileges equivalent to existing shareholders. These shares will rank pari passu with the existing equity shares of the company in all respects, ensuring equal treatment in terms of dividend rights, voting rights, and other shareholder benefits.

Corporate Governance and Compliance

The allotment process was conducted in accordance with regulatory requirements, with formal notifications sent to both BSE Limited (Scrip Code: 534392) and National Stock Exchange of India Ltd (Scrip Code: VSSL). The company maintains transparency in its ESOP operations through proper documentation and timely regulatory disclosures, reinforcing its commitment to corporate governance standards.