Investor Presentaiton
ESG Initiatives
VARDHMAN SPECIAL STEELS LTD.
A COMMITMENT TO QUALITY
CSR
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Have an In-house oxygen generation plants for our captive consumption. During Covid time, we had served the society by supplying oxygen
cylinders. During 2nd wave of Covid, we have been able to serve for 50% requirement of oxygen of Ludhiana city
Employee well being:
✓ We hadn't laid off anyone during Covid time, rather we had paid full salaries to our employees and ensured full payment to our contract
workers. Apart from this, we had given timely increments, production incentives and above all distributed one time incentive for the hard work
done by the entire team during tough times of Covid
In the current year, we had developed a well-equipped Health Fitness Centre in the campus managed by a professional trainer
We have launched 3 welfare policies in the current year:
➤ Chalo Ghar Bhi Banaye (Housing loan scheme)
Main Hoon Naa (Taking care of education of children on unfortunate demise of our employee till graduation irrespective of any
College/University)
➤ Vidwaan Bano (Scholarship of Rs. 50,000/- to outstanding children of our employees)
We are having a strong Women Grievance handling mechanism in place
We have various unique facilities and schemes for the benefit of employees such as single roof canteen serving same food from Worker to MD,
Two full time Doctors posted in the campus, promoting Trekking, Meditation in Vipasana or equivalent, helping to maintain BMI and many
more
GOVERNANCE
Governance:
• M/S BSR & Co LLP, an affiliate of KPMG, Chartered Accountants are our Statutory Auditors.
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We are led by a strong Board consisting of 11 members out of which 6 are independent directors. The Chairperson is a non-executive
independent director. Our Board includes two women directors, out of which one is an independent director.
Aichi Steel Corporation Japan, main steel supplier to Toyota Group had selected us as their partner and entered a strategic alliance in 2019 along
with equity participation in VSSL and have a seat on the Board
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