Cessation

Vardhman VARDHMAN SPECIAL STEELS LIMITED Delivering Excellence. Since 1965. CHANDIGARH ROAD LUDHIANA- 141010, PUNJAB T: +91-161-2228943-48 F: +91-161-2601048 E: secretarial.lud@vardhman.com Ref. VSSL:SCY: SEPT: 2026-27 Dated: 30-Sept-2026 BSE Limited, National Stock Exchange of India Ltd., New Trading Ring, Exchange Plaza, Bandra-Kurla Complex, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, MUMBAI-400001 MUMBAI-400 051 Scrip Code: 534392 Scrip Code: VSSL Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/ Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEB| LODR”), this is to inform you that Mr. Koichiro Hayashida (DIN- 11164707), has tendered his resignation as the Non-Executive Non-Independent Director of the Company w.e.f. 15° October, 2026, due to his full-time appointment as the President (Forging Division) in the Company w.e.f. 1° October, 2026. The resignation letter along with detailed reason for resignation as required to be disclosed under clause 7C of Para A of Part A of Schedule II! of SEB] LODR as received from Mr. Koichiro Hayashida, is enclosed herewith as Annexure — A. Further, pursuant to Regulation 30 read with Part A of Schedule II] of the SEBI LODR, this is to inform you that on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Cornpany vide its Resolution by Circulation dated 30" September, 2026, has appointed Mr. Koichiro Hayashida as Senior Management Personnel, designated as the President (Forging Division), w.e.f. 1% October, 2026. The details as required under the SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, with respect to appointment of ‘Senior Management Personnel’ is enclosed herewith as Annexure - B. Kindly take the same on record. Thanking You, Yours faithfully, FOR VARDHMAN SPECIAL STEELS LIMITED (SONAM DHINGRA) COMPANY SECRETARY YARNS | FABRICS | THREADS | GARMENTS | FIBRES | STEELS CIN: L27100PB2010PLC033930 WWW.VARDHMANSTEEL.COM | WWW. JARDHMAN . bom Annexure - A Date: 30 September 2026 The Board of Directors, Vardhman Special Steels Limited, Vardhman Premises, Chandigarh Road, Ludhiana-141010 Sub: Resignation from the Board of Directors of the Company Respected Chairman and Board Members, |, Koichiro Hayashida, hereby tender my resignation from the Board of Vardhman Special Steels Limited (VSSL) effective from 15* October, 2026, due to my full-time appointment as the President (Forging Division) in VSSL w.e.f. 15 October, 2026. | would like to take this opportunity to express my sincere gratitude to Mr. Sachit Jain, Chairman and Managing Director of VSSL, and all members of the Board for their strong leadership of the project over the past seven years since the start of the partnership between the two companies. It has been a great pleasure working with all of you and finally wish you all the best in your future endeavors and the further growth of the Company. Yours sincerely Name: Koichiro Hayashida Designation: Non-Executive Non-Independent Director Signature: F kag ¥— mo Date: 30 September 2026 © | Vardhman VARDHMAN SPECIAL STEELS LIMITED Delivering Excellence. Since 1965. CHANDIGARH ROAD Vardhman LUDHIANA-141010, PUNJAB T: +91-161-2228943-48 F: +91-161-2601048 E: secretarial.lud@vardhman.com Annexure-B Sr. No. Particulars Description 1. Name of Senior Management | Mr . Koichiro Hayashida Personnel a. Reason for change viz. | Ap pointment of Mr. Koichiro Hayashida, as appointment, re-appointment, | Senior Management Personnel designated as resignation, removal, death or | the President (Forging Division). otherwise 3. Date of appointment & term of | 1°' October, 2026 appointment Terms of Appointment: Full-time employment 4. Brief Profile (in case of | Mr . Koichiro Hayashida, aged 58 years, holds a appointment) master’s degree from Kumamoto University, Japan. Mr. Hayashida recently served as an Executive Officer of Hagane Company (Specialty Steel) and as General Manager of the Specialty Steel Business Management Division. Mr. Hayashida has extensive expertise in steelmaking technology and quality control. Earlier, he had served as the President of Aichi Forge, Thailand from 2021 to 2024. 5. Disclosure of _ relationships | No t Applicable. between directors (in case of appointment of a director) YARNS | FABRICS | THREADS | GARMENTS | FIBRES | STEELS CIN: L27100PB2010PLC033930 WWW.VARDHMANSTEEL,COM | WH. VARDHMAN » com