Vardhman Special Steels Limited has informed the Exchange about 'Update on Investment in Sone Solar Private Limited.'
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Vardhman Special Steels has made an additional investment of Rs. 3.67 crore in Sone Solar Private Limited as part of the second tranche, comprising 29,79,460 equity shares and 6,85,971 0.5% Compulsorily Convertible Debentures of Rs. 10 face value each. This follows an earlier investment of Rs. 2.98 crore made on 7 February 2025 as part of the same second tranche. With this, the company's total investment in Sone Solar stands at approximately Rs. 11.32 crore, while its equity shareholding remains unchanged at 26%.
This is a follow-on investment in a solar energy private company, suggesting Vardhman Special Steels is continuing to allocate capital toward renewable energy diversification. The unchanged 26% stake means no change in control or significant balance sheet impact, and is unlikely to materially move the stock price.