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Vardhman Special Steels > Company History > Steel - Medium & Small > Company History of Vardhman Special Steels - BSE: 534392, NSE: VSSL
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Vardhman Special Steels

BSE: 534392|NSE: VSSL|ISIN: INE050M01012|SECTOR: Steel - Medium & Small
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Company History - Vardhman Special Steels
Vardhman Special Steels Limited was incorporated on 14th May, 2010
 with presently its registered office situated at Vardhman Premises,
 Chandigarh Road, Ludhiana, Punjab. The main object of the Company is
 to manufacture, trade & export all kinds of steel including stainless
 steel, sponge iron, auto components, wire rods, engage in mining
 activities and for such purposes to set up steel
 furnaces. 
 
 The Company has been vested with the Steel Business Undertaking of
 Vardhman Textiles Limited w.e.f. 1st January, 2011 as per the Scheme
 of Arrangement & Demerger as sanctioned by the Hon'ble Punjab &
 Haryana High Court at Chandigarh vide its order dated 12th January,
 2011.
 
 Vardhman Special Steels Limited is 100% subsidiary of Vardhman
 Textiles Limited with an initial Authorised Capital of Rs. 5 crores
 and paid up capital of Rs. 5 lacs which was further increased to Rs.
 35 crores and Rs. 5.825 crores respectively. 
 
 The Company along with its holding Company i.e. Vardhman Textiles
 Limited had filed a petition in Honble Punjab & Haryana High Court
 at Chandigarh requiring the Steel Business Undertaking of Vardhman
 Textiles Limited to demerge and vest in the Company i.e. Vardhman
 Special Steels Limited from the Appointed Date as given in the Scheme
 of Arrangement & Demerger i.e. 01.01.2011. From the Effective Date,
 i.e. 15th March, 2011 the Scheme becomes effective.
 
 
 2012
 
 - The equity shares of Vardhman Special Steels Ltd (Scrip Code:
 534392) are listed and admitted to dealings on the Exchange in the
 list of 'T' Group Securities.
 
 2013
 
 -Mr. Jayant Davar has been appointed as an Additional Director of the
 Company.
 
 
 
 
Source : Dion Global Solutions Limited
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