Vardhman Special Steels Limited has informed the Exchange regarding allotment of 14770100 securities pursuant to Preferential Issue at its meeting held on July 04, 2025

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Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹259.60

prior close

₹257.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.5% vs market

Iron & Steel Products peers, median of 91sector+0.0%-1.1% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.1 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.4-1.5+0.0-1.1

Next day

-2.9-0.1-2.9-0.3-2.6

-2.1-0.2-1.9-0.8-1.3

-1.9+0.3-2.2-0.5-1.4

+1.3+0.7+0.6-0.2+1.5

+1.4+0.2+1.2-0.9+2.2

+0.2+1.6-1.4-0.5+0.7

15d

-0.6-0.9+0.3-1.1+0.4

+3.2-2.1+5.3-3.9+7.1

+3.6-2.6+6.2-7.3+10.9

+12.9-3.1+15.9-6.3+19.2

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 91Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Vardhman Special Steels has allotted 1,47,70,100 fully paid-up equity shares of ₹10 face value to Japan's Aichi Steel Corporation (ASC) at ₹260.60 per share, aggregating to about ₹384.91 crore. The allotment was approved by the Strategic Investment Committee on July 4, 2025, following shareholder approval at the EGM on June 25, 2025. Post-allotment, ASC holds 24.90% stake in the company, making it a major strategic shareholder. The company's total issued share capital has risen from 8.17 crore to 9.65 crore equity shares.

Likely market impact

The preferential issue brings in a strong Japanese strategic partner (Aichi Steel Corporation) and adds ~₹385 crore to the company's equity, which can support growth and capex plans. Existing shareholders face dilution of about 15% due to the new share issuance.