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Investor Presentaiton

Timeline for activities VARDHMAN SPECIAL STEELS LTD. A COMMITMENT TO QUALITY Phase 1 Phase 2 Continuous improvement in quality and productivity by strengthening existing procedures Focus on Improving safety levels Start marketing to customers in India, Thailand, Philippines and Indonesia FY 2021-22-Year of Sampling for Aichi 2019-2022 Phase 3 Initiate CAPEX to increase production capacity to 250,000 MT in first phase FY 2022-23: Year of manufacturing of Trial orders for Aichi Anticipate to receive orders from Aichi for Southeast Asia as well as import substitutions FY 2023-24: Year of start of supply of products against firm orders for Aichi Take Japanese approvals like Yamaha, Mushashi, JTEKT, Toyota, Aichi Forge, Suzuki, Hino Motors 2022-2025 Production 300,000MT/year Export 60,000 MT / year Vardhman may look forward to Forging business in India Time for Aichi to Invest more in Vardhman VSSL AICHI may lay foundation for future steel company in India 2025-2028 Goal 2030 - VSSL to emerge as # 1 company in special steel making in India 32
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