Vardhman Special Steels Limited held its 16th Annual General Meeting (AGM) on Friday, 18th September 2026 at 10:00 a.m. through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

The meeting commenced at 10:00 a.m. and concluded at 10:33 a.m. on the same date. Mr. Sachit Jain, Chairman and Managing Director, chaired the meeting. The requisite quorum was present, and the Chairman declared the meeting commenced.

Meeting Proceedings

Mr. Sachit Jain delivered his speech at the beginning of the meeting. Mrs. Sonam Dhingra, Company Secretary, then conducted the formal proceedings. She informed shareholders that the meeting was held through VC/OAVM as per MCA and SEBI circulars.

The company provided e-Voting facility through CDSL, which commenced at 09:00 a.m. on 15th September 2026 and ended at 05:00 p.m. on 17th September 2026. Members who had not cast their votes through remote e-Voting were allowed to vote through Venue Voting facility during the meeting.

Agenda Items Considered

The following business items from the meeting notice were put for shareholders' approval:

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2026, together with reports of the Board of Directors and Auditors thereon (Ordinary Resolution)

2. To declare a dividend of ₹3.5 per equity share for the year ended 31st March 2026 (Ordinary Resolution)

3. To appoint Mr. Rajendar Kumar Rewari (DIN: 00619240), who retires by rotation under Section 152(6) of the Companies Act, 2013, and offers himself for re-appointment (Ordinary Resolution)

4. To appoint Mr. Toshio Ito (DIN: 09654963), who retires by rotation under Section 152(6) of the Companies Act, 2013, and offers himself for re-appointment (Ordinary Resolution)

Special Business:

a. To revise the remuneration payable to Mrs. Soumya Jain, Executive Director of the Company (Special Resolution)

b. To ratify the remuneration payable to the Cost Auditors for the financial year ending 31st March 2027 (Ordinary Resolution)

c. To approve the continuation of term of Mr. Rajendar Kumar Rewari (DIN: 00619240) as an Executive Director of the Company upon attaining the age of 70 years (Special Resolution)

Voting Process

M/s. Khanna Ashwani & Associates, Company Secretaries, was appointed as the scrutinizer for scrutinizing the e-Voting process. The results of the e-Voting will be disseminated to the stock exchanges and uploaded on the company's website and CDSL website (www.evotingindia.com) within 2 working days of the conclusion of the AGM.

Facility to vote through electronic voting system at the meeting (venue voting) was made available to members who participated in the meeting and had not cast their votes through remote e-Voting.

The meeting concluded with a vote of thanks to the Chairman, Directors present, and Shareholders by the Company Secretary. The results on all resolutions will be disseminated shortly.