Vardhman Special Steels logo

Vardhman Special Steels MD, chairman, board of directors and AGM

NSE: VSSLBSE: 534392Industrial ProductsSmall Cap

Last close ₹339.20down ₹9.85 (2.82%)BSE ₹339.70

Share price at the NSE close on 23 Oct 2026. Previous close ₹349.05.

52-week range of traded prices to 23 Oct 2026
₹206.40Low, 30 Mar 2026₹428.25High, 17 Sep 2026
Market cap
₹3,280 Cr1,063rd largest listed
P/E
22.9
P/B
2.6
Dividend yield
1.03%
ROE
13.8%
ROCE
11.7%
Debt to equity
0.07
Volume, NSE
1,11,51452.9% delivered

Vardhman Special Steels board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorSachit JainRelated to the promoter
  • Company Secretary and Compliance OfficerSonam Dhingra

14 directors7 independent3 executive4 non-executive

  • Suchita JainNon-executive · joined May 2010 · reappointed May 2010 · 4 listed boards · 5 committee seats, 1 as chair
  • Rajinder Kumar JainNon-executive · joined Mar 2011 · reappointed Mar 2011 · 1 listed board
  • Soumya JainExecutive · joined Aug 2023 · reappointed Aug 2023 · 2 listed boards · 1 committee seat
  • Sachit Jain · Chairperson and managing directorExecutive · joined May 2010 · reappointed Apr 2025 · 4 listed boards · 2 committee seats
  • Rakesh JainIndependent · joined Apr 2018 · reappointed Apr 2023 · 101 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Toshio ItoNon-executive · joined Jul 2022 · reappointed Jul 2022 · 1 listed board
  • Rajendar Kumar RewariExecutive · joined Jul 2022 · reappointed Jul 2022 · 1 listed board · 1 committee seat
  • Suman ChatterjeeIndependent · joined Jul 2022 · reappointed Jul 2022 · 50 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Vidya Rashesh ShahIndependent · joined Jul 2022 · reappointed Jul 2022 · 50 months as independent · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • Hemant Bharat RamIndependent · joined Jul 2024 · reappointed Jul 2024 · 26 months as independent · 2 listed boards · 1 as independent · 2 committee seats
  • Randhir Singh KalsiIndependent · joined Nov 2024 · reappointed Nov 2024 · 23 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 1 as chair
  • Dinkar GuptaIndependent · joined Sep 2025 · reappointed Sep 2025 · 12 months as independent · 2 listed boards · 2 as independent
  • Nishant AryaIndependent · joined Sep 2025 · reappointed Sep 2025 · 12 months as independent · 3 listed boards · 1 as independent · 1 committee seat
  • Koichiro HayashidaNon-executive · joined Jul 2025 · reappointed Jul 2025 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Rajeev Gupta, left 24 Sep 2025: Tenure Completion
  • Sanjoy Bhattacharyya, left 24 Sep 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 22 Jul 202611 of 14 present4 independent · 84 days in between
    • 28 Apr 202614 of 14 present7 independent

  • Audit Committee

    Chair Rakesh Jain

    Vidya Rashesh Shah, Suman Chatterjee, Hemant Bharat Ram

    • 22 Jul 20262 of 4 present2 independent · 85 days in between
    • 27 Apr 20263 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Rakesh Jain

    Suman Chatterjee, Randhir Singh Kalsi

    • 17 Jul 20263 of 3 present3 independent · 36 days in between

  • Stakeholders Relationship Committee

    Chair Suman Chatterjee

    Rajendar Kumar Rewari, Soumya Jain

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Suman Chatterjee

    Rajendar Kumar Rewari, Sanjeev Singla, Hemant Bharat Ram, Davinder Singh

    • 10 Jun 20265 of 5 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • BSR & Co. LLPPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Vardhman Special Steels AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Vardhman Special Steels dividend history

Annual general meeting, 18 Sep 2026

39,247 shareholders on the register on 11 Sep 2026; present: 19 promoters and 57 others; votes counted by Ashwani Kumar Khanna / Khanna Ashwani & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with reports of Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.01% · promoters 100.00% · institutions 88.92% · other public 54.80%

  2. To declare Dividend.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.01% · promoters 100.00% · institutions 88.92% · other public 54.80%

  3. To re-appoint Mr. Rajendar Kumar Rewari as a director liable to retire by rotation.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.02% · other public 0.00%

    Turnout: all 79.01% · promoters 100.00% · institutions 88.92% · other public 54.80%

  4. To re-appoint Mr. Toshio Ito as a director liable to retire by rotation.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.02% · other public 0.00%

    Turnout: all 79.01% · promoters 100.00% · institutions 88.92% · other public 54.80%

  5. To revise the remuneration payable to Mrs. Soumya Jain, Executive Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.01% · promoters 100.00% · institutions 88.92% · other public 54.80%

  6. To ratify the remuneration payable to the Cost Auditors for the financial year ending 31st March, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.00% · promoters 100.00% · institutions 88.92% · other public 54.78%

  7. To approve continuation of the term of Mr. Rajendar Kumar Rewari (DIN: 00619240) as an Executive Director of the Company upon attaining the age of 70 years.
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 2.02% · other public 0.04%

    Turnout: all 79.01% · promoters 100.00% · institutions 88.92% · other public 54.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Dec 2025, 3 resolutions

39,391 shareholders on the register on 7 Nov 2025; votes counted by ASHWANI KUMAR KHANNA / KHANNA ASHWANI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO APPOINT MR. DINKAR GUPTA AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 79.68% · promoters 100.00% · institutions 90.74% · other public 55.65%

  2. TO APPOINT MR. NISHANT ARYA AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.00%

    Turnout: all 79.68% · promoters 100.00% · institutions 90.74% · other public 55.65%

  3. TO APPROVE VARDHMAN SPECIAL STEELS LIMITED EMPLOYEE STOCK OPTION PLAN 2025 UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATIONS, 2021.
    Special
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 6.97% · other public 0.00%

    Turnout: all 79.68% · promoters 100.00% · institutions 90.74% · other public 55.65%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Sep 2025, 10 resolutions

37,083 shareholders on the register on 17 Sep 2025; present: 19 promoters and 37 others; votes counted by Ashwani Kumar Khanna / Khanna Ashwani & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025, together with reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with report of Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  3. To declare Dividend
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 3.45% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  4. To re-appoint Mrs. Suchita Jain as a director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 5.53% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  5. To re-appoint Mrs. Soumya Jain as a director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  6. To resolve not to fill the vacancy caused due to retirement by rotation of Mr. Rajeev Gupta, Non-Executive Non-Independent Director of the Company.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 1.76% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  7. To appoint Mr. Koichiro Hayashida as a Non-Executive Non-Independent Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  8. To ratify the remuneration payable to the Cost Auditors for the financial year ending 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  9. To appoint M/s Harsh Goyal & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company for a term of five (5) consecutive years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.33% · promoters 100.00% · institutions 92.43% · other public 56.69%

  10. To approve the interim use of funds raised by the Company from Aichi Steel Corporation by way of Preferential Allotment.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.19% · promoters 100.00% · institutions 89.23% · other public 56.69%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 25 Jun 2025, 3 resolutions

36,018 shareholders on the register on 18 Jun 2025; present: 19 promoters and 26 others; votes counted by ASHWANI KUMAR KHANNA / KHANNA ASHWANI & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To issue and allot equity shares
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 65.25% · promoters 100.00% · institutions 94.15% · other public 1.11%

  2. To amend Articles of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 65.25% · promoters 100.00% · institutions 94.15% · other public 1.11%

  3. To approve special rights granted to “Aichi Steel Corporation” in accordance with Regulation 31B of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI LODR Regulations”)MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 65.25% · promoters 100.00% · institutions 94.15% · other public 1.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 13 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. TO APPOINT MR. RANDHIR SINGH KALSI AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.57% · promoters 100.00% · institutions 94.69% · other public 33.02%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2024, 11 resolutions

Present: 19 promoters and 42 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  2. To declare Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  3. To re-appoint Mr. Toshio Ito as a director liable to retire by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.00%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  4. To re-appoint Mr. Rajinder Kumar Jain as a director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.00%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  5. To approve continuation of directorship of Mr. Rajinder Kumar Jain as a Non-Executive Director of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.00%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  6. To re-appoint Mr. Sachit Jain as the Vice-Chairman and Managing Director of the Company.
    SpecialPromoters have an interest in it
    99.41% for0.59% against

    Against: promoters 0.00% · institutions 11.08% · other public 0.00%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  7. To revise the Commission payable to Mr. Sachit Jain, Vice-Chairman & Managing Director of the Company, for the financial year 2024-25.
    SpecialPromoters have an interest in it
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 11.08% · other public 0.12%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  8. To revise the Remuneration payable to Mr. Rajendar Kumar Rewari, Executive Director of the Company, w.e.f. the financial year 2024-25.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  9. To revise the Remuneration payable to Ms. Soumya Jain, Executive Director of the Company, w.e.f. the financial year 2024-25.
    SpecialPromoters have an interest in it
    99.39% for0.61% against

    Against: promoters 0.00% · institutions 11.08% · other public 0.12%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  10. To appoint Mr. Hemant Bharat Ram as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

  11. To ratify remuneration payable to Cost Auditors for the financial year ending 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 76.55% · promoters 100.00% · institutions 92.31% · other public 34.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2023, 9 resolutions

Present: 19 promoters and 45 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements for the financial year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.58% · promoters 100.00% · institutions 92.50% · other public 32.57%

  2. To declare dividend.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.65% · promoters 100.00% · institutions 94.60% · other public 32.57%

  3. To re-appoint Mrs. Suchita Jain as a director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 2.10% · other public 0.02%

    Turnout: all 75.65% · promoters 100.00% · institutions 94.60% · other public 32.57%

  4. To re-appoint Mr. Rajendar Kumar Rewari as a director liable to retire by rotation.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 75.65% · promoters 100.00% · institutions 94.60% · other public 32.57%

  5. To resolve not to fill the vacancy caused due to retirement by rotation of Mr. B.K. Choudhary, Non-Executive Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.65% · promoters 100.00% · institutions 94.60% · other public 32.57%

  6. To re-appoint M/s BSR & Co. LLP, Chartered Accountants, as Statutory Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 75.65% · promoters 100.00% · institutions 94.60% · other public 32.57%

  7. To ratify remuneration payable to Cost Auditors for the financial year ending 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 75.65% · promoters 100.00% · institutions 94.60% · other public 32.57%

  8. To approve revision in the remuneration of Mr. Rajendar Kumar Rewari, Executive Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 75.65% · promoters 100.00% · institutions 94.60% · other public 32.57%

  9. To appoint Ms. Soumya Jain as an Executive Director of the Company.
    SpecialPromoters have an interest in it
    99.06% for0.94% against

    Against: promoters 0.00% · institutions 21.71% · other public 0.00%

    Turnout: all 75.65% · promoters 100.00% · institutions 94.60% · other public 32.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 May 2023, 2 resolutions

The company's voting result (opens in a new tab)

  1. To increase the Authorized Share Capital of the Company and approve alteration in Capital Clause of the Memorandum of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.54% · promoters 100.00% · institutions 90.26% · other public 31.90%

  2. To approve the issuance of Bonus Shares.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 74.54% · promoters 100.00% · institutions 90.26% · other public 31.90%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 18 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with reports of Board of Directors and Auditors thereon.
    2 for0 against
  • To declare Dividend.
    2 for0 against
  • To re-appoint Mr. Rajendar Kumar Rewari as a director liable to retire by rotation.
    2 for0 against
  • To re-appoint Mr. Toshio Ito as a director liable to retire by rotation.
    2 for0 against
  • To revise the remuneration payable to Mrs. Soumya Jain, Executive Director of the Company
    2 for0 against
  • To ratify the remuneration payable to the Cost Auditors for the financial year ending 31st March, 2027.
    2 for0 against
  • To approve continuation of the term of Mr. Rajendar Kumar Rewari (DIN: 00619240) as an Executive Director of the Company upon attaining the age of 70 years.
    2 for0 against

Mutual fund votes, meeting of 10 Dec 2025, 3 fund houses

  • TO APPOINT MR. DINKAR GUPTA AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    3 for0 against
  • TO APPOINT MR. NISHANT ARYA AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    3 for0 against
  • TO APPROVE VARDHMAN SPECIAL STEELS LIMITED EMPLOYEE STOCK OPTION PLAN 2025 UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATIONS, 2021.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Inadequate disclosures given and NRC has absolute discretion to determine Exercise Price and Vesting Period. Governance & Transparency Concern: Potential economic benefits to a single employee appears to be disproportionate and excessive.
    2 for1 against
6 earlier meetings

Mutual fund votes, meeting of 24 Sep 2025, 3 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025, together with reports of Board of Directors and Auditors thereon.MoreLess
    3 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with report of Auditors thereon.
    3 for0 against
  • To declare Dividend
    3 for0 against
  • To re-appoint Mrs. Suchita Jain as a director liable to retire by rotation.
    3 for0 against
  • To re-appoint Mrs. Soumya Jain as a director liable to retire by rotation.
    3 for0 against
  • To resolve not to fill the vacancy caused due to retirement by rotation of Mr. Rajeev Gupta, Non-Executive Non-Independent Director of the Company.
    3 for0 against
  • To appoint Mr. Koichiro Hayashida as a Non-Executive Non-Independent Director of the Company.
    3 for0 against
  • To ratify the remuneration payable to the Cost Auditors for the financial year ending 31st March, 2026.
    3 for0 against
  • To appoint M/s Harsh Goyal & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company for a term of five (5) consecutive years.
    3 for0 against
  • To approve the interim use of funds raised by the Company from Aichi Steel Corporation by way of Preferential Allotment.
    3 for0 against

Mutual fund votes, meeting of 25 Jun 2025, 2 fund houses

  • To issue and allot equity shares
    2 for0 against
  • To amend Articles of Association of the Company.
    2 for0 against
  • To approve special rights granted to “Aichi Steel Corporation” in accordance with Regulation 31B of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI LODR Regulations”)MoreLess
    2 for0 against

Mutual fund votes, meeting of 13 Dec 2024, 2 fund houses

  • TO APPOINT MR. RANDHIR SINGH KALSI AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    2 for0 against

Mutual fund votes, meeting of 19 Sep 2024, 2 fund houses

  • Adoption of Financial Statements for the financial year ended March 31, 2024.
    2 for0 against
  • To declare Dividend
    2 for0 against
  • To re-appoint Mr. Toshio Ito as a director liable to retire by rotation.
    2 for0 against
  • To re-appoint Mr. Rajinder Kumar Jain as a director liable to retire by rotation.
    2 for0 against
  • To approve continuation of directorship of Mr. Rajinder Kumar Jain as a Non-Executive Director of the Company.
    2 for0 against
  • To re-appoint Mr. Sachit Jain as the Vice-Chairman and Managing Director of the Company.
    2 for0 against
  • To revise the Commission payable to Mr. Sachit Jain, Vice-Chairman & Managing Director of the Company, for the financial year 2024-25.
    2 for0 against
  • To revise the Remuneration payable to Mr. Rajendar Kumar Rewari, Executive Director of the Company, w.e.f. the financial year 2024-25.
    2 for0 against
  • To revise the Remuneration payable to Ms. Soumya Jain, Executive Director of the Company, w.e.f. the financial year 2024-25.
    2 for0 against
  • To appoint Mr. Hemant Bharat Ram as an Independent Director of the Company.
    2 for0 against
  • To ratify remuneration payable to Cost Auditors for the financial year ending 31st March, 2025.
    2 for0 against

Mutual fund votes, meeting of 27 Sep 2023, 1 fund house

  • Adoption of Financial Statements for the financial year ended March 31, 2023.
    1 for0 against
  • To declare dividend.
    1 for0 against
  • To re-appoint Mrs. Suchita Jain as a director liable to retire by rotation.
    1 for0 against
  • To re-appoint Mr. Rajendar Kumar Rewari as a director liable to retire by rotation.
    1 for0 against
  • To resolve not to fill the vacancy caused due to retirement by rotation of Mr. B.K. Choudhary, Non-Executive Director of the Company.
    1 for0 against
  • To re-appoint M/s BSR & Co. LLP, Chartered Accountants, as Statutory Auditors of the Company.
    1 for0 against
  • To ratify remuneration payable to Cost Auditors for the financial year ending 31st March, 2024.
    1 for0 against
  • To approve revision in the remuneration of Mr. Rajendar Kumar Rewari, Executive Director of the Company.
    1 for0 against
  • To appoint Ms. Soumya Jain as an Executive Director of the Company.
    1 for0 against

Mutual fund votes, meeting of 17 May 2023, 1 fund house

  • To increase the Authorized Share Capital of the Company and approve alteration in Capital Clause of the Memorandum of Association of the Company.
    1 for0 against
  • To approve the issuance of Bonus Shares.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesJul 2025, checked by CRISIL RATINGS LIMITED384.91––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.