Vardhman Special Steels Limited (VSSL) — regulation 31 | 7 May 2026

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📢 Key Event
Promoters declare no encumbrance on shares held during FY 2025-26

🔄 What Changed
Promoter holding remains unchanged with no encumbrance reported for FY 2025-26

💡 Investor Takeaway
Shareholders can view this as confirmation of promoter pledge-free status ahead of potential M&A activity

Vardhman Special Steels Limited disclosed on April 3, 2026, that its promoters and those acting in concert have not encumbered any shares held during FY 2025-26, complying with SEBI Takeover Regulations Regulation 31(4). The filing confirms promoter shareholding remains unencumbered as of the reporting period end.

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About Vardhman Special Steels Limited (VSSL)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹2,710.1 Cr P/E: 22.2

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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