| Vardhman Special Steels Limited was incorporated on 14th May, 2010 with presently its registered office situated at Vardhman Premises, Chandigarh Road, Ludhiana, Punjab. The main object of the Company is to manufacture, trade & export all kinds of steel including stainless steel, sponge iron, auto components, wire rods, engage in mining activities and for such purposes to set up steel
furnaces.
The Company has been vested with the Steel Business Undertaking of Vardhman Textiles Limited w.e.f. 1st January, 2011 as per the Scheme of Arrangement & Demerger as sanctioned by the Hon'ble Punjab & Haryana High Court at Chandigarh vide its order dated 12th January, 2011.
Vardhman Special Steels Limited is 100% subsidiary of Vardhman Textiles Limited with an initial Authorised Capital of Rs. 5 crores and paid up capital of Rs. 5 lacs which was further increased to Rs. 35 crores and Rs. 5.825 crores respectively.
The Company along with its holding Company i.e. Vardhman Textiles Limited had filed a petition in Hon'ble Punjab & Haryana High Court at Chandigarh requiring the Steel Business Undertaking of Vardhman Textiles Limited to demerge and vest in the Company i.e. Vardhman Special Steels Limited from the Appointed Date as given in the Scheme of Arrangement & Demerger i.e. 01.01.2011. From the Effective Date, i.e. 15th March, 2011 the Scheme becomes effective.
2012
- The equity shares of Vardhman Special Steels Ltd (Scrip Code: 534392) are listed and admitted to dealings on the Exchange in the list of 'T' Group Securities.
2013
-Mr. Jayant Davar has been appointed as an Additional Director of the Company.
2017
-The company issued rights shares of Rs. 10 in the ratio of 2:3 at a premium of Rs. 40 per share.
2023
-The Company has issued Bonus Shares in the Ratio of 1:1.
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