Options to purchase securities

Vardhmin VARDHMAN SPECIAL STEELS LIMITED Delivering Excellence. Since 1965. C LTU:H DA H+N I9A 1D N-A1IG 6- 1A -R 21H 4 2 2 1R o8 I 9 O o4, A 3PD -U4N8JAB F: +9 1- 16 1- 260 10 48 E: secretarial.lud@vardhman.com Ref.VS_SLSC YiJUL: 2026=27 DatedIIZ-Jujy,2026 BSEL imited, The National Stock Exchange of India Ltd lst Floor, New Trading Ring, Exchange Plaza, Bandra-Kurla Complex, Rotunda Building, P.J Towers, Bandn (East) DalaI Street, MUMBAI-4ooo01 MUMBAI-4ooo 51 Scrip Code: 534392 Scrip Code:V SSL Subject: Approval of grant of options by the Nomination and Remuneration Committee underVar_dhman Speci_aJ_steels_LjnatedEJnployeest ock(>p_tiortHan20_25. Dear Sir/ Ma’am, This is to inform you that the Nomination and RemunerationC ommittee in its meeting held on 17th July, 2026, has approved to grant 7,60,000 Employee Stock Options to the eligible employees under VardhmanS pecial Steels Limited Employee Stock Option Plan2 025 (VSSL ESOPP lan2 025). The general terms and conditions of the said grant are as follows: S.No. Particulars Details 1 Brief details of options granted Grant of 7,60,000 stock options to 73 2 W Sh Be Eth Be t eh ge lasc tih oe nm i 1n it fe r am ps lico af bS leE )BIe Ym esployees of the Company. 3 Total number of shares covered by7,60,000 equity shares (each stock option is these options c ofo n Rv se . 1rt 0ib /- le ea in ct ho 1 equity share of face value 4 Pricing formula/ExerciseP rice Rs. 200/- per equity share . 5 Options vested/VestingS chedule • A Dat t eth e - e 25n %d of the 2-d year from the Grant • At the end of the 3’d year from the Grant • D Aa tt e th e- 2 e5 n% d of the 4th year from the Grant • D Aa tt e th e- 2 e5% nd of the 5th year from the Grant Date - 25% 6 Time within which option may be2 years from the Vesting Date. exercised YARNS FABRICS ! THREADS 1 GARMENTS I FIBRES STEELS CIN: L27 1 OOPB20 1O PLC033930 WWW.VARDHMANSTEEL.COM / W.-, vht!>H Nbl$ C£U4 Vardhman VARDHMAN SPECIAL STEELS LIMITED Delivering Excellence. Since 1965, C LTU:H DA H+N I9A 1D N-A1IG 6- 1A -R 21H 4 2 2 1R o8 I 9O o4A , 3D P-U4N8JAB F: +9 1-161 -2601048 E: secretarial.lud@vardhman.com Kindly note that this is the First Grant under VSSL ESOP Plan 2025. T ch oe nc m lude ee dt inagt oof6 :N4o0m p.imna.tion and Remuneration Committee commenceda t o5:30 p.m. and You are requested to take the same on record. Thanking You, Yours faithfully For Vardhman Special Steels Limited Sonam Dhingra (Company Secretary) YARNS FABRICS THREADS I GARMENTS I FIBRES STEELS CWIWN:W .VALR27D HM1 OANOSPTBE2E0 L1.C OOPML C033930 / IN w„,' v#&J>ljA4AN' cbM