Kalyani Steels Limited (KSL) — FY26 Annual Report | 29 July 2026

Kalyani Steels Limited announced its 53rd AGM scheduled for August 27, 2026, with resolutions seeking shareholder approval for dividend declaration, director appointments, and material related party transactions with Bharat Forge and Kalyani Technoforge. The filing details e-voting procedures, remote participation via NSDL, and voting eligibility cut-off on August 20, 2026. Shareholders must update demat accounts for e-Voting access, with voting period from August 24-26, 2026. The AGM will be conducted via Video Conferencing/Online AGM (VC/OAVM) mode. Material related party transactions totaling ₹7,000 million (37.93% of consolidated turnover) require shareholder approval under SEBI's RPT Industry Standards. The Audit Committee has recommended approval of these transactions, which include sales to Bharat Forge (₹6,500 million) and purchases from Kalyani Technoforge (₹300 million). The company emphasizes governance compliance, with independent directors and committee oversight. Shareholding remains concentrated with promoters at 64.70%, and the proposed dividend of ₹10 per share (200% payout) aligns with regulatory requirements. The filing confirms no material uncertainties regarding going concern and adherence to corporate governance norms.