Vardhman Special Steels Limited — Others, 18-06-2025: Corrigendum

Vardhman Special Steels Limited has announced a board meeting on June 25, 2025, to discuss matters including a preferential issue of shares aimed at raising funds for capital expenditure and working capital repayment. The issue size targets INR 134.91 Cr for a new steel plant, INR 100 Cr for existing plant upgrades, and INR 150 Cr for repaying borrowings from banks. The proposed share issue price is Rs. 260.60 per share, supported by an independent valuation. Post-issue, the promoter holding is expected to reduce to 51.13% from 60.37%, with public shareholding increasing accordingly. Funds will be kept in a separate bank account until fully utilized.