Vardhman Special Steels allots shares under employee stock plans

Vardhman Special Steels Limited, in a meeting held on October 6, 2025, confirmed the allotment of 58,500 equity shares with a face value of Rs. 10/- each. This allotment includes 29,250 bonus shares issued on the ESOP shares at a 1:1 ratio. The shares were distributed to eligible employees who exercised their stock options under the "Vardhman Special Steels Limited Employee Stock Option Plan, 2016" and the "Vardhman Special Steels Limited Employee Stock Option Plan, 2020."

The newly allotted shares will rank pari passu with the company's existing equity shares. The meeting, which approved this allotment, commenced at 11:00 a.m. and concluded at 11:30 a.m. The company has formally requested that this information be taken on record by the respective stock exchanges.

This move underscores Vardhman Special Steels Limited's ongoing commitment to its employee incentive programs, aligning employee interests with the company's performance and growth. The allotment was communicated by Sonam Dhingra, company secretary, to both the BSE Limited and the National Stock Exchange of India Ltd.