Vardhman Special Steels 2026 AGM Voting Results

Event Details

Vardhman Special Steels Limited held its 16th Annual General Meeting (AGM) on September 18, 2026. The meeting commenced at 10:00 AM and concluded at 10:33 AM, lasting 33 minutes.

Shareholder Participation

Total number of shareholders on record date: 39,247

Shareholders present in meeting (in person or through proxy): 0

Shareholders attended through video conferencing: 76 (19 from Promoters and Promoter Group, 57 from Public)

Scrutinizer Details

The company appointed Ashwani Kumar Khanna (CS, Membership Number: 3254) from Khanna Ashwani & Associates as scrutinizer. He was appointed in the Board Meeting dated July 22, 2026, and issued his report to the company on September 18, 2026.

Voting Results Summary

All seven resolutions proposed at the AGM were passed. The total outstanding shares were 96,701,178, with 76,406,908 shares (79.0134% of outstanding shares) participating in the voting.

Resolution Details

Resolution 1: Adoption of Financial Statements

Description: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with reports of Board of Directors and Auditors thereon.

Type: Ordinary Resolution

Promoter Interest: No

Voting Results:

• Promoter and Promoter Group: 49,493,999 shares voted (100% participation), 100% in favor
• Public Institutions: 2,716,340 shares voted (88.9154% participation), 100% in favor
• Public Non-Institutions: 24,196,569 shares voted (54.8026% participation), 100% in favor (10 votes against)
• Total: 76,406,908 shares voted (79.0134% participation), 76,406,898 in favor (99.9999%), 10 against (0.0001%)

Result: Passed

Resolution 3: Reappointment of Mr. Rajendar Kumar Rewari

Description: To re-appoint Mr. Rajendar Kumar Rewari as a director liable to retire by rotation.

Type: Ordinary Resolution

Promoter Interest: No

Voting Results:

• Promoter and Promoter Group: 49,493,999 shares voted (100% participation), 100% in favor
• Public Institutions: 2,716,340 shares voted (88.9154% participation), 97.9832% in favor (54,782 against)
• Public Non-Institutions: 24,196,294 shares voted (54.8020% participation), 100% in favor (10 votes against)
• Total: 76,406,633 shares voted (79.0131% participation), 76,351,841 in favor (99.9283%), 54,792 against (0.0717%)

Result: Passed

Resolution 4: Reappointment of Mr. Toshio Ito

Description: To re-appoint Mr. Toshio Ito as a director liable to retire by rotation.

Type: Ordinary Resolution

Promoter Interest: No

Voting Results:

• Promoter and Promoter Group: 49,493,999 shares voted (100% participation), 100% in favor
• Public Institutions: 2,716,340 shares voted (88.9154% participation), 97.9832% in favor (54,782 against)
• Public Non-Institutions: 24,196,294 shares voted (54.8020% participation), 100% in favor (10 votes against)
• Total: 76,406,633 shares voted (79.0131% participation), 76,351,841 in favor (99.9283%), 54,792 against (0.0717%)

Result: Passed

Resolution 6: Ratification of Cost Auditors' Remuneration

Description: To ratify the remuneration payable to the Cost Auditors for the financial year ending March 31, 2027.

Type: Ordinary Resolution

Promoter Interest: No

Voting Results:

• Promoter and Promoter Group: 49,493,999 shares voted (100% participation), 100% in favor
• Public Institutions: 2,716,340 shares voted (88.9154% participation), 100% in favor
• Public Non-Institutions: 24,187,893 shares voted (54.7830% participation), 100% in favor (10 votes against)
• Total: 76,398,232 shares voted (79.0044% participation), 76,398,222 in favor (99.9999%), 10 against (0.0001%)

Result: Passed

Resolution 7: Continuation of Mr. Rajendar Kumar Rewari as Executive Director

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

Type: Special Resolution

Promoter Interest: No

Voting Results:

• Promoter and Promoter Group: 49,493,999 shares voted (100% participation), 100% in favor
• Public Institutions: 2,716,340 shares voted (88.9154% participation), 97.9832% in favor (54,782 against)
• Public Non-Institutions: 24,196,294 shares voted (54.8020% participation), 99.9641% in favor (8,686 against)
• Total: 76,406,633 shares voted (79.0131% participation), 76,343,165 in favor (99.9169%), 63,468 against (0.0831%)

Result: Passed

Signature

The document was digitally signed by Sonam Dhingra, Company Secretary of Vardhman Special Steels Limited.