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Vardhman Special Steels Limited ( (IN:VSSL) ) has provided an announcement.
Vardhman Special Steels Limited addressed a clarification sought by the National Stock Exchange regarding its financial results for the quarter ended March 31, 2025. The company explained that its acquisition of a 26% share in Sone Solar Private Limited is classified as an investment in an associate, which under Ind AS 109, does not allow for recognition of profits or losses until the exercise of a put option in 18 years. This results in no difference between the standalone and consolidated figures, impacting the financial reporting format.
More about Vardhman Special Steels Limited
Vardhman Special Steels Limited operates in the steel industry, providing specialized steel products. The company is part of the Vardhman Group, which is known for its diverse offerings including yarns, fabrics, threads, garments, and fibers.
Average Trading Volume: 7,397
Technical Sentiment Signal: Strong Buy
Current Market Cap: 24.72B INR
For an in-depth examination of VSSL stock, go to TipRanks’ Overview page.