Kalana Ispat Limited promoters and the promoter group collectively hold 55.13% of the company's total equity shares, confirming a significant controlling interest as of March 31, 2026. A disclosure submitted to the National Stock Exchange of India Limited confirmed that none of the shares held by the promoter group were encumbered, directly or indirectly, during the financial year ended March 31, 2026. The filing was made by Aftabhusen S Khandwawala on behalf of himself and the promoter group under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The shareholding data details the individual holdings within the promoter and promoter group categories. Varghese Joseph Pottakerry holds the largest stake among individual promoters at 16.00%, followed by Aftabhusen S Khandwawala at 15.63%. Sadik Qureshi and Gurubaxsing Jamaitsing Bagga hold 10.60% and 9.17% respectively. Among the promoter group entities, MIT Iron and Steel Private Limited holds a substantial portion of 7.67%.

Shareholding Pattern

The following table outlines the shareholding details of the promoters and promoter group:

The disclosure lists several other members of the promoter group, including Swarnakaur Gurubaxsingh Bagga, Shabnam Sadik Qureshi, and Shabbirhusien S Khandwawala, who reported no shareholding. Similarly, entities such as Mika Steel & Alloys LLP, Mit Developers, and Seebat Developers recorded zero holdings. The filing was addressed to the Department of Corporate Services at the National Stock Exchange and copied to the Audit Committee of Kalana Ispat Limited .

Kalana Ispat Limited has announced that its 14th Annual General Meeting (AGM) will be held on Tuesday, June 9, 2026, at 3:00 p.m. IST. The meeting will take place at Ellisbridge Gymkhana, Law Garden, Netaji Rd, Ellisbridge, Ahmedabad, Gujarat-380006. The register of members and share transfer books will remain closed from June 2, 2026, to June 8, 2026, to determine the eligibility of members for the AGM and remote e-voting.

The company has provided a remote e-voting facility through NSDL, commencing on Saturday, June 6, 2026, at 09:00 A.M. and concluding on Monday, June 8, 2026, at 05:00 P.M. Shareholders registered as of the cut-off date, June 2, 2026, are entitled to vote.

Annual Financial Performance

The Board of Directors approved the audited standalone financial results for the year ended March 31, 2026. The company reported a net profit of ₹96.72 lakhs for the year, compared to ₹121.14 lakhs in the previous year. Revenue from operations stood at ₹5,184.04 lakhs, down from ₹5,519.08 lakhs in FY25.

Special Resolutions

The AGM will consider special resolutions to authorize the Board to provide loans, guarantees, or securities to entities in which directors are interested, up to an aggregate limit of ₹200 crores under Sections 185 and 186 of the Companies Act, 2013. Additionally, shareholders will vote on the variation of the terms of the IPO objects.

IPO Fund Utilisation

As of March 31, 2026, the company had utilized ₹3,058.62 lakhs of the IPO proceeds, with ₹200.46 lakhs remaining unutilized. The Board proposes to divert the unutilized funds, originally allocated for a solar power plant, towards the establishment and development of the rolling mill project. The total allocation for the rolling mill project is proposed to be increased to ₹1,994.55 lakhs.

Source: None/Company/INE0T0L01014/d018877b6cb44265.pdf