Investor Presentaiton

Journey So Far VARDHMAN SPECIAL STEELS LTD. A COMMITMENT TO QUALITY What We were... ■ 1973 - Started as Oswal Steels 50,000 TPA capacity of special & alloy steels ■ 1986 - Acquired Mohta Alloys with capacity of 1,00,000 TPA ■ 1995 - Installed modern Steel Melting Shop with Electromagnetic Stirrer ■ 2000 - Commissioned Vacuum Degassing System ■ 2001 - Strengthened product portfolio - added Bright Bar Facility ■ 2010 - Independent identity under Vardhman Group ■ 2012 - Listed on BSE & NSE ■ 2013 - Installed fully automatic rolling mill with capacity of 1,50,000 TPA & Magnaflux leakage testing system (Dr. Foerster Germany), and Ultrasonic Testing from (Olympus, Canada) ■ July 2015 - Installed Fume Extraction system ■ Aug 2015 - Increased Bright bars capacity to 36,000 TPA & 1,80,000 TPA for Hot Rolled ■ Dec 2016 - Upgraded transformer & allied equipment to reduce melting time & resulting in SMS capacity to 1,65,000 TPA - ■ April 2017 – Rights Issue of Rs 67.85 Cr. ■ Oct 2017 - Purchased ~8 acres of adjoining land for Rs. 36 Cr. 2016 - 2017 ■ Feb. 2018 - QIP of Rs 50 Cr. ■ June 2018 - CRISIL upgraded credit rating - ■ August 2018 – Change in Statutory Auditors to M/s B. S. R. & Co. LLP ■ Feb 2019 - Fortified Board of Directors -one Independent Woman Director and one Additional Director appointed ■ Sept 2019 - Replacement of electric arc furnace and other related activities ■ Nov 2019 - Signs Technical Assistance Agreement with Aichi Steel Corporation - Issuance of equity shares on preferential basis worth Rs. 50 Cr. ■ Appointed Additional Director as representative of Aichi Steel Corporation ■ July 2021 - Received environmental clearance for capacity expansion 1973-2011 2018 - Till Date 2012 - 2015 ** Transforming into one of India's leading steel bar producers 12

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