Vardhman Special Steels Limited has submitted a declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration, dated April 3, 2026, confirms that the Promoters, along with persons acting in concert, have not created any encumbrance, either directly or indirectly, on the shares of the company held by them during the financial year 2025-26. This disclosure is a routine compliance requirement under the takeover regulations. The announcement was made by Sachit Jain and Nivea Jain. The company has also enclosed an annexure detailing various aspects related to encumbrances and disclosures, though the specifics of these details are not elaborated in the provided text.