Please find enclosed herewith BRSR for the FY 2025-26.

@) | 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:AUG:2026-27 Dated: 25-Aug-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 Dear Sir, Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Business Responsibility and Sustainability Report for the Financial Year 2025-26, which also forms part of the 16" Annual Report of the Company. 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: L271 00PB2010PLC033930 WWW.VARDHMANSTEEL.COM/ WWW: VARD HMA . CO Business Responsibility and Sustainability Report SECTION A: GENERAL DISCLOSURE I. Details of the listed entity 1 Corporate Identity Number (CIN) L27100PB2010PLC033930 of the Listed Entity 2 Name of the Listed Entity Vardhman Special Steels Limited 3 Date of Incorporation 14.05.2010 4 Registered office address Vardhman Premises, Chandigarh Road, Ludhiana - 141010 5 Corporate address Vardhman Premises, Chandigarh Road, Ludhiana - 141010 6 E-mail secretarial.lud@vardhman.com 7 Telephone 0161-2228943-48, 2251200-201 8 Website www.vardhman.com / www.vardhmansteel.com 9 Financial year for which reporting is being done FY 2025-26 10 Name of the Stock Exchange(s) where shares are listed National Stock Exchange of India Limited BSE Limited 11 Paid-up Capital (In D) 96,68,56,780 12 Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the BRSR report Name Mr. Jagdish Chand Sharma, Chief Sustainability Officer Contact 0161-2251201 E mail secretarial.lud@vardhman.com 13 Reporting boundary - Are the disclosures under this report made on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the Standalone entity and all the entities which form a part of its consolidated financial statements, taken together). 14 Whether the company has undertaken Not undertaken, as assessment or assurance of BRSR Core is not assessment or assurance of the BRSR Core? mandatory for the Company under the applicable SEBI circulars. 15 Name of assessment or assurance provider Not Applicable 16 Type of assessment or assurance obtained Not Applicable Note: A. The Company, recognized as a trusted supplier of high-quality special steels to leading automotive OEMs, has created a nationwide marketing network. Driven by an unwavering focus on customer needs, it has achieved rapid domestic growth and established a strong foundation for an international footprint. ON A 01 ROLL II. Products/ Services 17. Details of business activities (accounting for 90% of the turnover) Sr. No. Description of Main Activity Description of Business Activity % of Turnover of the entity 1. Manufacturing Manufacturing of Steel Products 100% 18. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover) Sr. No. Product/Service NIC Code % of total Turnover contributed 1. Steel bars and bright bars of various 241 100% grades and sizes III. Operations 19. Number of locations where plants and/or operations/offices of the entity are situated Location Number of plants Number of offices Total National 1 10 11 International 0 0 0 20. Markets served by the entity Number of locations Locations Number A National (No. of States) 13 International (No. of Countries) 6 B What is the contribution of exports as a Although, VSSL is predominantly a domestic player, it enjoys an international percentage of the total turnover of the presence in important markets for niche products. In FY26, exports comprised entity? 8% of the Company’s turnover (which includes 4% of exports to Aichi Forge, Thailand, Indonesia and Phillipines, through its trading arm in India). C A brief on types of customers The Company serves a customer base that includes Indian and international component manufacturers across segments including passenger vehicles, two- wheelers, and commercial vehicles. IV. Employees 21. Details as at the end of Financial Year A. Employees and workers (including differently abled) Sr. No. Particulars Total Male Female Other (A) No. (B) % (B / A) No. (C) % (C / A) No. (D) % (D / A) EMPLOYEES 1 Permanent (E) 477 450 94.34 27 5.66 0 0 2 Other than permanent (F) - - - - - - - 3 Total employees(E + F) 477 450 94.34 27 5.66 0 0 WORKERS 4 Permanent (G) 923 922 99.89 1 0.11 0 0 5 Other than permanent (H) 609 607 99.67 2 0.33 0 0 6 Total workers (G + H) 1532 1529 99.80 3 0.20 0 0 02 VARDHMAN SPECIAL STEELS LIMITED ANNUAL REPORT 2025-26 B. Differently abled Employees and Workers: Sr. Particulars Total Male Female Other No. (A) No. (B) % (B / A) No. (C) % (C / A) No. (D) % (D / A) DIFFERENTLY ABLED EMPLOYEES 1 Permanent (E) 0 0 0 0 0 0 0 2 Other than Permanent (F) 0 0 0 0 0 0 0 3 Total differently abled 0 0 0 0 0 0 0 employees (E + F) DIFFERENTLY ABLED WORKERS 4 Permanent (G) 0 0 0 0 0 0 0 5 Other than Permanent (H) 0 0 0 0 0 0 0 6 Total differently abled 0 0 0 0 0 0 0 workers (G + H) 22. Participation/Inclusion/Representation of women No. and percentage of Females Total (A) No. (B) % (B / A) Board of Directors 14 3 21.43 Key Management Personnel 3 1 33.33 23. Turnover rate for permanent employees and workers (Disclose trends for the past 3 years) Turnover rate in current FY26 Male Female Other Total Permanent Employees 10.00% 3.00% 0.00% 10.00% Permanent Workers 10.59% 100.00% 0.00% 10.71% Turnover rate in previous FY25 Male Female Other Total Permanent Employees 11.50% 15.30% 0.00% 11.85% Permanent Workers 6.43% 0.00% 0.00% 6.43% Turnover rate in year prior to the previous FY24 Male Female Other Total Permanent Employees 13.40% 0.00% 0.00% 13.40% Permanent Workers 7.00% 0.00% 0.00% 7.00% V. Holding, Subsidiary and Associate Companies (including joint ventures) 24. (a) Names of holding / subsidiary / associate companies / joint ventures Sr. Name of the holding Indicate whether % of shares held Does the entity indicated at column A, No. / subsidiary/associate holding/Subsidiary/ by listed entity participate in the Business Responsibility companies/joint Associate/Joint initiatives of the listed entity? (Yes/No) ventures (A) Venture ON A 03 ROLL VI. CSR Details 25. (i) Whether CSR is applicable as per section 135 of Companies Act, 2013 (Yes/No): Yes (ii) Turnover ((H in Crores): 1,754.43 (iii) Net worth (H in Crores): 1,277.32 VII. Transparency and Disclosure Compliances 26. Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct Stakeholder Grievance group from whom Redressal FY (2025-26) FY (2024-25) complaint is Mechanism in received Place (Yes/No/NA) (If Yes, then Number of Number of Remarks Number of Number of Remarks provide web-link complaints complaints complaints complaints for grievance filed during pending filed during pending redress policy) the year resolution at the year resolution at close of the close of the year year Communities Yes Nil Nil Nil Nil Nil Nil Investors (other Yes Nil Nil Nil Nil Nil Nil than shareholders) Shareholders Yes Nil Nil Nil Nil Nil Nil Employees and Yes Nil Nil Nil 1 Nil Nil workers Customers Yes Nil Nil Nil Nil Nil Nil Value Chain Partners Yes Nil Nil Nil Nil Nil Nil Others - Nil Nil Nil Nil Nil Nil Web link for grievance redressal policy is https://www.vardhman.com/Document/Report/Company%20Information/Policies/ Vardhman%20Special%20Steels%20Ltd/_Whistle_Blower_Policy.pdf 27. Overview of the entity’s material responsible business conduct issues Please indicate material responsible business conduc [Showing first 8,000 characters — download PDF for full document]