Vardhman Special Steels Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
VSSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vardhman Special Steels held its 15th AGM on September 24, 2025, via video conferencing from 10:00 a.m. to 10:28 a.m., chaired by Vice-Chairman & MD Sachit Jain in the absence of Chairman Rajeev Gupta. Shareholders were asked to approve ordinary items including adoption of audited standalone and consolidated financial statements for FY25, a dividend of Rs. 3 per equity share, re-appointment of directors Suchita Jain and Soumya Jain, and a resolution not to fill the vacancy from Rajeev Gupta's retirement. Special business items included the appointment of Koichiro Hayashida (Aichi Steel Corporation) as a Non-Executive Director, ratification of Cost Auditors' remuneration for FY26, appointment of Harsh Goyal & Associates as Secretarial Auditors for five years, and a special resolution to permit interim use of funds raised from Aichi Steel via preferential allotment. E-voting took place from September 21–23, 2025, and results will be disclosed to exchanges within two working days.
The announcement is procedural but confirms a Rs. 3 per share dividend and signals closer strategic alignment with Aichi Steel Corporation through director appointment and preferential allotment fund usage, which shareholders may view as a positive operational development. Voting results, due shortly, will confirm the final outcomes of these proposals.