Kalana Ispat Sets AGM on June 9, Approves ₹200 Crore Loans
Kalana Ispat Limited scheduled its 14th AGM for June 9, 2026, to adopt audited financial results for the year ended March 31, 2026, reporting a net profit of ₹96.72 lakhs. The meeting will also seek shareholder approval for special resolutions to authorize loans and guarantees up to ₹200 crores under Sections 185 and 186 of the Companies Act. Additionally, the company proposes to reallocate ₹200.46 lakhs of unutilized IPO proceeds from a solar power project to its rolling mill project.
*this image is generated using AI for illustrative purposes only.
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.
| Metric: | Year Ended 31/03/2026 | Year Ended 31/03/2025 |
|---|---|---|
| Revenue from Operations (₹ Lakhs): | 5,184.04 | 5,519.08 |
| Total Income (₹ Lakhs): | 5,289.91 | 5,609.87 |
| Total Expenses (₹ Lakhs): | 5,153.51 | 5,436.85 |
| Net Profit (₹ Lakhs): | 96.72 | 121.14 |
| Basic EPS (₹): | 0.74 | 1.14 |
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
Historical Stock Returns for Kalana Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +4.26% | -10.73% | -13.51% | -46.94% | -56.12% |
How will the diversion of IPO funds from the solar power plant to the rolling mill project impact Kalana Ispat's long-term revenue growth and operational capacity?
What are the potential risks to minority shareholders from the special resolution authorizing loans and guarantees of up to ₹200 crores to director-interested entities?
Given the declining revenue and net profit in FY26, what strategic measures is Kalana Ispat likely to implement to reverse the downward trend in FY27?
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