Vardhman Special Steels Limited has submitted a certificate regarding the dematerialization of equity shares during the month of December 2025, as per Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

The company informed the stock exchanges, BSE Limited and The National Stock Exchange of India Ltd, that a total of 393 equity shares were dematerialized. These shares were processed after verification of their respective share certificates, including distinctive numbers and certificate numbers.

Following the dematerialization process, the original share certificates have been cancelled and replaced with the name of the Depository as the Registered Owner in the company's records. The detailed list of dematerialized shares, including distinctive numbers, certificate numbers, and the number of shares, for both NSDL and CDSL, is attached to the announcement.