Please find enclosed herewith intimation regarding allotment of shares under Vardhman Special Steels Limited Employee Stock Option Plans.

G) | 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 Ref:SCY:VSSL:OCT:2026-27 Date: 05.10.2026 The BSE Limited, National Stock Exchange of India Ltd, Rotunda Building, P.J Towers, “Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), MUMBAI!-400001 MUMBAI-400 051 Scrip Code: 534392 Scrip Code: VSSL Sub: Allotment of Equity Shares pursuant to ‘Vardhman Special Steels Limited Employee Stock Option Plan, 2016’ and ‘Vardhman Special Steels Limited Employee Stock Option Plan, 2020’ Dear Sir/Ma’am, This is to inform you that the Committee of Directors (ESOP Plan) of the Company, in its meeting held on October 05, 2026, has allotted 77,250 Equity shares of face value of Rs. 10/- each (including 26,750 Bonus shares on 26,750 ESOP shares in the ratio of 1:1) to the eligible employees of the Company who have exercised their stock options under ‘Vardhman Special Steels Limited Employee Stock Option Plan, 2016’ and ‘Vardhman Special Steels Limited Employee Stock Option Plan, 2020’. These shares shall rank pari passu with the existing equity shares of the Company in all respects. The meeting commenced at 10:30 a.m. and concluded at 11:00 a.m. You may please take the same on record. Thanking you. Yours faithfully, For Vardhrnan Special Steels Limited Sonam Dhingra Company Secretary YARNS | FABRICS | THREADS | GARMENTS | FIBRES | STEELS CIN: L27100PB2 010PLC033930 WWW.VARDHMANSTEEL.COM | WAH. VARDHMAN . Con