Investor Presentation

@) | 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. VSSL:SCY:JUL:2026-27 Dated: 22.07.2026 BSE Limited, Th e 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-4c0 051 Scrip Code: 534392 Scrip Code: VSSL SUB: COMPLIANCE OF REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIRMENTS)R EGULATIONS, 2015. Dear Sir, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor Presentation on the Un-audited financial results of the Company for the quarter ended 30" June, 2026. 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. VARDH MAN. COM This presentation has been prepared by Vardhman Special Steels Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering documentcontaining detailed information aboutthe Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may considermaterial. Anyliability in respect ofthe contentsof,or anyomissionfrom,this Presentation is expresslyexcluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world- wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Companyand the Companyis not responsiblefor such third party statementsand projections. Result Update Presentation Q1 FY27 Disclaimer This presentation has been prepared by Vardhman Special Steels Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering documentcontaining detailed information aboutthe Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may considermaterial. Anyliability in respect ofthe contentsof,or anyomissionfrom,this Presentation is expresslyexcluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world- wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Companyand the Companyis not responsiblefor such third party statementsand projections. Table of C onte nts 01 02 03 04 Financial Company Business Way Highlights Overview Overview Ahead Financial Highlights Management’s Message “We have commenced FY27 on a strong note, delivering healthy growth in production, revenues and profitability. Our performance during the quarter was driven by sustained demand across key customer segments, improved operating efficiencies and better realizations following price hikes received from OEMs. Coupled with economies of scale, these factors enabled us to deliver a healthy improvementin EBITDA and profitability. The strategic investments undertaken over the past year continue to translate into tangible operational benefits. The commissioning of Kocks Block and new reheating furnace in the last financial year have started strengthening our manufacturing capabilities, improving product quality and operational efficiency while expanding our finished rolling capacity to 2.7 Lacs MTPA. In addition, the commissioning of our solar power plant is contributing to lower energy costs and supporting our long-termsustainability objectives. Looking ahead, we remain focused on executing our long-term growth strategy, including the development of the 5 Lacs MTPA Greenfield special steel facility and the forging and machining plant in collaboration with Aichi Steel Corporation. These initiatives, along with our continued focus on operational excellence and business diversification, position us well to create sustainable value forall ourstakeholders." SACHIT JAIN Chairman & Managing Director, VSSL Financial Highlights Q1 FY27 INR Crore Q1 FY27 Q1 FY26 Y-o-Y % Q4 FY26 Revenue From Operations 486.01 433.70 12.06% 457.92 • Volumes for Q1 FY27 stood at 59,103 Other Income 9.86 7.50 10.46 tonnes as against 55,574 tonnes in Q1 FY26 Total Income 495.86 441.20 12.39% 468.37 Cost of Materials Consumed 293.22 228.88 241.37 • Revenue increased 12.06% YoY [Showing first 8,000 characters — download PDF for full document]