Vardhman Special Steels Limited has submitted a certificate to the stock exchanges detailing the dematerialization of shares during March 2026. This information is provided in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The company confirmed that 554 equity shares were dematerialized in March 2026 after verification of the respective share certificates. Following the dematerialization process, the original share certificates have been cancelled and the company's records have been updated to reflect the Depository as the registered owner. The annexures provide a detailed breakdown of the dematerialized shares, including distinctive numbers, certificate numbers, and the number of shares for both NSDL and CDSL. For NSDL, a total of 164 shares were dematerialized across several transactions throughout March 2026. For CDSL, a total of 390 shares were dematerialized, also spread across multiple transactions during the same month.