Investor Presentation

© | Vardhman VARDHMAN SPECIAL STEELS LIMITED sea 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:OCT:2026-27 Dated: 27.10.2026 BSE Limited, Na tional 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: COMPLIANCE OF REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIRMENTS) REGULATIONS, 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/ half-year ended 30 September, 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: L27100PB20!10PLC033930 WWW.VARDHMANSTEEL.COM WWW) VARDHMAN . 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 Q2 & H1 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 are pleased to report a strong performance in Q2 FY27, driven by healthy growth in sales volumes, revenue and profitability, supported by robust customer demand, improved realizations and better operating leverage. Our continued focus on cost optimization and operational efficiencies, the benefit of lower-cost raw material inventory carried forward from the previous quarter, and the progressive realization of benefits from last year’s capex on the Kocks Block and reheating furnace contributed to our performance. Akeymilestoneduringthequarterwasthelayingofthefoundationstoneforourupcomingforgingfacility in Ludhiana by the Hon’ble Chief Minister of Punjab, S. Bhagwant Singh Mann. Being developed in collaboration with Aichi Steel Corporation, the facility marks an important step towards forward integration, enabling us to move up the value chain into higher-value forged components and strengthen ourengagementwithautomotivecustomers. Looking ahead, we remain focused on strengthening our core operations, progressing with our planned greenfield special steel facility and expanding our value-added product portfolio. Diversification into sectors such as railways, oil & gas and other industrial segments will remain an integral part of our long- term strategy. With a continued emphasis on operational excellence, innovation and sustainability, we are confident ofbuildingaresilientbusiness andcreatingsustainablelong-termvalue forourshareholders. Ithankour shareholdersfor their continuedtrust, andour customers, businesspartnersandemployees for theirvaluable supportandcontributiontotheCompany’sgrowth.” SACHIT JAIN Chairman & Managing Director, VSSL Financial Highlights Q2 FY27 INR Crore Q2 FY27 Q2 FY26 Y-o-Y % Q1 FY27 • Volumes for Q2 [Showing first 8,000 characters — download PDF for full document]