Vardhman Special Steels Limited has informed the Exchange about Revised Intimation regarding Investment made by the Company in Sone Solar Private Limited on 12.05.2025.
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Vardhman Special Steels has made an additional investment of Rs. 3.67 crore in Sone Solar Private Limited on 12 May 2025, as part of the second tranche payment. This includes 29.79 lakh equity shares and 6.86 lakh 0.5% Compulsorily Convertible Debentures, both with a face value of Rs. 10 each. With this, the company's total investment in Sone Solar stands at Rs. 11.32 crore, while its equity shareholding remains unchanged at 26%. This is a continuation of an earlier investment first disclosed on 7 February 2025. Sone Solar appears to be an existing associate-level investee of Vardhman in the solar energy space.
The additional investment is small relative to Vardhman's size and does not change the company's 26% stake, so it is unlikely to materially affect the stock price. It signals continued commitment to the solar energy venture, but the impact on shareholders is minimal.