Vardhman Special Steels Limited , a prominent player in the Indian steel industry, has announced significant changes in its leadership structure and Board composition.

Leadership Change

Effective September 25, 2025, Sachit Jain, who previously held the position of Vice-Chairman & Managing Director, has been designated as Chairman & Managing Director. This change follows the cessation of directorship of Rajeev Gupta, who served as Chairman (Non-Executive Director) on the company's Board.

New Additions to the Board

The Board of Directors of Vardhman Special Steels, through resolutions by circulation dated September 25, 2025, has appointed Mr. Dinkar Gupta (DIN: 07674724) and Mr. Nishant Arya (DIN: 00004954) as Independent Directors. Both appointments are effective from September 25, 2025, for a consecutive term of five years, pending approval from the company's shareholders.

Mr. Dinkar Gupta: A Veteran in National Security

Mr. Dinkar Gupta brings a wealth of experience in the security domain to Vardhman Special Steels. His impressive credentials include:

• Over 30 years of experience in the security sector
• Former Director General of the National Investigation Agency (NIA) from June 2022 to March 2024
• Served as Director-General of Punjab Police from 2019 to 2021
• Indian Police Service (IPS) Officer of the 1987 batch
• Commerce graduate with a Master's degree in Police Administration
• Recipient of numerous prestigious awards, including the Police Medal for Gallantry (1992) and the Bar to Police Medal for Gallantry (1994)

Mr. Nishant Arya: A Business Visionary

Mr. Nishant Arya joins the Board with an impressive track record in business leadership and sustainable development:

• Vice Chairman & MD of the $3.30 billion JBM Group
• Chairman of Linde Wiemann GmbH, Germany
• Graduate in Business Administration from Bradford University, UK
• Key player in sectors including Electric Vehicles, EV Charging Infrastructure, Renewable Energy, and Auto systems
• Active participant in global forums such as the UN climate change conference, World Economic Forum, and Indo-German CEO's forum

Compliance and Independence

Vardhman Special Steels has confirmed that both Mr. Gupta and Mr. Arya have no pecuniary relationship with other company directors and are not related to any existing Board members. Furthermore, they are not debarred from holding directorship positions by any order passed by SEBI or any other authority.

The appointment of these two distinguished professionals, along with the leadership change, is expected to bring diverse perspectives and rich experience to Vardhman Special Steels' Board, potentially enhancing the company's strategic direction and governance.

Shareholders will have the opportunity to approve these appointments, which could mark the beginning of a new chapter in Vardhman Special Steels' corporate journey.

Vardhman Special Steels Limited , a prominent player in the Indian steel industry, has announced a significant change to its board of directors. The company has appointed Mr. Koichiro Hayashida as a Non-Executive Non-Independent Director, effective July 4, 2025.

Appointment Approval

The appointment of Mr. Hayashida was formally approved by the company's shareholders during the 15th Annual General Meeting (AGM) held on September 24, 2025. The AGM, conducted through video conferencing and other audio-visual means in compliance with regulatory guidelines, commenced at 10:00 a.m. and concluded at 10:28 a.m.

Board Changes

In addition to Mr. Hayashida's appointment, the AGM also marked some other changes in the company's board composition:

• Mr. Rajeev Gupta (DIN: 00241501), a Non-Executive Non-Independent Director, did not seek re-appointment and consequently ceased to be a director at the conclusion of the AGM.
• Mr. Sanjoy Bhattacharyya (DIN: 00059480) completed his second term as an Independent Director and stepped down from the board at the end of the AGM.

Other AGM Proceedings

The AGM addressed several other important matters:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2025.
• Declaration of a dividend of Rs. 3.00 per equity share for the year ended March 31, 2025.
• Re-appointment of Mrs. Suchita Jain and Mrs. Soumya Jain as directors liable to retire by rotation.
• Ratification of remuneration payable to Cost Auditors for the financial year ending March 31, 2026.
• Appointment of M/s Harsh Goyal & Associates as Secretarial Auditors for a term of five consecutive years.
• Approval for the interim use of funds raised from Aichi Steel Corporation through Preferential Allotment.

Leadership at the AGM

In the absence of Chairman Mr. Rajeev Gupta, the AGM was chaired by Mr. Sachit Jain, Vice-Chairman and Managing Director of Vardhman Special Steels Limited.

The appointment of Mr. Koichiro Hayashida and the other board changes reflect Vardhman Special Steels' commitment to maintaining a diverse and experienced leadership team as it continues to navigate the dynamic steel industry landscape.