Vardhman Special Steels Limited has made an allotment of equity shares under its employee stock option plans. The Committee of Directors (ESOP Plan) of the Company approved the allotment in a meeting held on July 01, 2026.
Details of Allotment
- Total equity shares allotted: 15,500
- Face value per share: ₹10
- Includes 7,750 bonus shares issued on the ESOP shares in a 1:1 ratio
- Shares allotted to eligible employees who exercised stock options
- Stock options exercised under two plans: 'Vardhman Special Steels Limited Employee Stock Option Plan, 2016' and 'Vardhman Special Steels Limited Employee Stock Option Plan, 2020'
Share Characteristics
The newly allotted shares shall rank pari passu with the existing equity shares of the Company in all respects.
Meeting Details
The committee meeting commenced at 2:30 p.m. and concluded at 3:00 p.m. on July 01, 2026.
Authorization
The disclosure is signed by Sonam Dhingra, Company Secretary, and requests the exchanges to take the allotment on record.