Vardhman Special Steels: Monitoring Agency Report for Preferential Issue

Vardhman Special Steels Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by CRISIL Ratings Limited, pertains to the utilization of proceeds from the company's Preferential Issue (PI) of equity shares. The issue size was ₹3,849,088,060 (₹384.91 Crore). The report indicates no deviation from the objects of the issue for the specified quarter. The monitoring agency confirms that the report provides an objective view based on provided information and does not perform an audit.