KALYANI STEELS LTD.

Kalyani Steels Ltd has announced the appointment of Mr. Ajay Kirtane as an Additional Independent Director to its Board of Directors. The appointment was approved via a Circular Resolution on September 7, 2026, and is for a term of five consecutive years, concluding on September 6, 2031. This appointment is subject to the approval of the company's members through a Postal Ballot. Mr. Kirtane brings over 34 years of experience in financial management, debt syndication, M&A, and private equity. He is a qualified Cost & Works Accountant and a retired Associate Member of the Management Consultancy Firm Shah & Kirtane. The company has confirmed that Mr. Kirtane has not been debarred from holding a director's office by any authority.

Kalyani Steels Ltd announced the re-appointment of Mr. M. U. Takale and Mr. B. N. Kalyani as Directors at its 53rd Annual General Meeting held on August 27, 2026. Both directors are liable to retire by rotation. Mr. Takale, a Mechanical Engineer with over 40 years of experience in forging and automotive industries, was re-appointed with effect from August 27, 2026. Mr. B. N. Kalyani, who has a long-standing career with the Kalyani Group and extensive experience in steel, forging, automotive, and engineering sectors, was also re-appointed from the same date. Both directors have confirmed they have not been debarred from holding office by any regulatory authority.

Kalyani Steels Ltd has been fined a total of ₹28.2 Lakhs (₹12.92 Lakhs by NSE and ₹15.28 Lakhs by BSE) for non-compliance with Regulation 17(1) of SEBI Listing Regulations concerning board composition for quarters ending December 31, 2025, March 31, 2026, and June 30, 2026. The company stated it was in the process of identifying suitable candidates and has since appointed two Independent Directors, Mr. Shishir Joshipura and Mrs. Vartika Shukla, effective May 8, 2026, and June 24, 2026, respectively. The fines were paid on August 26, 2026. The financial impact of this violation is currently not ascertainable.

Kalyani Steels Limited posted a margin-led Q1 FY27 (quarter ended June 30, 2026). Consolidated revenue from operations came in at ₹464.58 Cr, up 4.9% YoY (₹442.77 Cr) but down 4.1% QoQ from a stronger Q4 FY26 (₹484.39 Cr). Consolidated profit after tax of ₹68.25 Cr (EPS ₹15.63) grew a faster 10.6% YoY (₹61.68 Cr, EPS ₹14.13), even as it slipped 4.8% QoQ (₹71.68 Cr, EPS ₹16.42). Standalone tells a near-identical story — PAT ₹67.61 Cr on EPS ₹15.49 — confirming the subsidiary and JV add only marginal consolidation impact. The YoY beat on the bottom line was margin-led rather than volume-led: net profit margin expanded to 14.69% from 13.47% a year ago, as total expenses grew a slower 3.6% YoY (₹388.55 Cr vs ₹374.93 Cr) than the 4.9% revenue increase. The expense mix shifted in the company's favour — lower finance costs (₹1.80 Cr vs ₹2.65 Cr) and depreciation (₹13.53 Cr vs ₹14.84 Cr) — even as raw material consumption (₹239.58 Cr, +6.0% YoY) and manufacturing expense (₹77.42 Cr, +18.0% YoY) both rose faster than revenue, indicating cost discipline elsewhere absorbed the input-cost pressure. There is no management guidance or prior concall commentary on record for this quarter, and no analyst consensus estimates could be located publicly for this print — both vs-guidance and vs-street read as unknown rather than a miss; management gives no formal outlook on record. No press release accompanying the filing was available to cross-check the company's own framing. The result lands alongside — but is unrelated to — a run of FY26-linked corporate actions in the weeks prior: a ₹10/share FY26 final dividend (record date July 31, 2026) and the 53rd AGM scheduled for August 27, 2026, neither of which bears on this quarter's operating numbers.

Kalyani Steels Ltd has announced that its Board of Directors will convene on August 7, 2026. The primary agenda for this meeting is to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2026, covering both standalone and consolidated statements. Additionally, the company informed that the trading window for dealing in its securities, which was closed for designated persons from July 1, 2026, will be reopened on August 10, 2026.

Kalyani Steels Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as mandated by SEBI regulations. The report, available on the company's website, details its business activities, products, and operations. Key disclosures include the company's corporate identity, incorporation year (1973), registered and corporate addresses in Pune, contact information, and the reporting boundary, which is on a standalone basis. The report also outlines the company's main business activities, primarily manufacturing of forging and engineering quality carbon and alloy steel, pig iron, and foundry coke, accounting for 70.03% of turnover. Exports contribute 0.59% to the total turnover. The company serves the forging industry in India and international component manufacturers across various sectors. As of March 31, 2026, Kalyani Steels had 120 employees and 27 workers on its roll, with an additional 250 workers on a contract basis.

Kalyani Steels Ltd has announced its 53rd Annual General Meeting (AGM) to be held on Thursday, August 27, 2026, at 11:00 a.m. IST, virtually via Video Conferencing/Other Audio Visual Means. The meeting will cover the adoption of Audited Standalone and Consolidated Financial Statements for FY 2025-26, declaration of dividend, and re-appointment of directors. Key agenda items include the re-appointment of Mr. B.N. Kalyani as Director and approval for material related party transactions with Bharat Forge Limited, projected up to ₹7,000 Million for FY 2027-28. The Annual Report for FY 2025-26 is also enclosed. E-voting will be open from August 24 to August 26, 2026.

Kalyani Steels Ltd has issued a notice for its 53rd Annual General Meeting (AGM) scheduled for August 27, 2026, at 11:00 a.m. IST, to be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM). The company also released its Annual Report for the Financial Year 2025-26. Key agenda items include the adoption of audited standalone and consolidated financial statements for FY26, declaration of dividend, re-appointment of a director retiring by rotation, re-appointment of Mr. B.N. Kalyani as Director, and approval for material related party transactions with Bharat Forge Limited, not exceeding ₹7,000 million for FY27-28. The notice and annual report are being sent electronically to members.

Kalyani Steels Limited has communicated to its shareholders regarding Tax Deduction at Source (TDS) on the recommended Final Dividend of ₹10 per equity share (200%) for FY 2025-26. The dividend is subject to shareholder approval at the 53rd AGM on August 27, 2026. The payout date is September 4, 2026, with a record date of July 31, 2026. The company detailed TDS provisions, including a 10% rate for resident individuals with valid PAN and 20% for those without or with invalid PANs. A dividend amount up to ₹10,000 for the tax year 2026-27 is exempt from TDS for resident individuals. Shareholders must update bank details for electronic dividend credit.

Kalyani Steels Ltd has announced the record date for dividend payment as Friday, July 31, 2026. The company proposes to pay a dividend of ₹10 per equity share of ₹5 face value (200%), subject to approval at the 53rd Annual General Meeting scheduled for Thursday, August 27, 2026. If approved, the dividend will be paid on or before Friday, September 4, 2026, to shareholders of record as of July 31, 2026, in both dematerialized and physical forms.