Please find enclosed herewith Voting Results in respect of 15th AGM of the Company.
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Vardhman Special Steels held its 15th AGM on September 24, 2025, from 10:00 AM to 10:28 AM, where all 10 resolutions were passed with overwhelming shareholder approval. Of the 37,083 shareholders on record, 80.33% of total shares (about 7.75 crore out of 9.65 crore) were polled, and virtually every resolution received close to 100% support, with the lowest being the dividend declaration at 99.73% in favour. Key items passed include adoption of audited standalone and consolidated financial statements for FY25, declaration of a dividend, re-appointment of directors Suchita Jain and Soumya Jain, appointment of Koichiro Hayashida as a Non-Executive Non-Independent Director, ratification of cost auditors' pay, and appointment of Harsh Goyal & Associates as secretarial auditors for five years. The only special resolution approved was allowing interim use of funds raised from Aichi Steel Corporation through a preferential allotment.
Routine procedural disclosure — no negative signals for shareholders. The preferential allotment funds from Aichi Steel are now cleared for interim use, which may support near-term capex or working capital needs. The dividend declaration is confirmed and should be positive for income-seeking investors.