Vardhman Special Steels Limited — Others, 19-06-2025: Copy of Newspaper Publication

Vardhman Special Steels Limited has announced a board meeting to consider raising funds through a preferential issue of equity shares priced at ₹260.60 each. The capital raised, totaling over ₹38.49 Cr, will fund a new greenfield steel manufacturing plant in Ludhiana (₹13.49 Cr), capital expenditure at the existing plant (₹10 Cr), and repayment of working capital borrowings (₹15 Cr). Funds will be kept in a separate bank account until fully utilized. The issuance will dilute promoter holding from 60.37% to 51.13%. A practicing company secretary has certified compliance with applicable norms.