Vardhman Special Steels Limited — QIP/Rights/Pref., 04-07-2025: Allotment of Securities

Vardhman Special Steels has announced a board meeting to approve the financial results for the quarter and half-year. The company allotted 1.48 Cr equity shares to Aichi Steel Corporation at ₹260.60/share via preferential allotment, raising about ₹385 Cr. Post-issue, Aichi Steel holds 24.9% in the company, increasing the total shares to 9.65 Cr. This infusion strengthens the company’s capital base and brings in a strategic partner with significant stake.