Kalyani Cast Tech received in-principle approval from BSE Limited on September 9, 2026, to issue 3,23,123 convertible warrants on a preferential basis.

The exchange approved the issuance to both promoter and non-promoter categories under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Issue Details

The warrants are convertible into 3,23,123 equity shares of face value ₹10 each. The issue price is set at not less than ₹582 per share. The company disclosed the receipt of the approval vide letter reference number LOD/PREF/GB/FIP/764/2026-27 dated September 9, 2026.

Regulatory Compliance

Kalyani Cast Tech must ensure strict compliance with the Companies Act, 2013, SEBI (ICDR) Regulations, 2018, and other applicable laws. The company is required to obtain undertakings from allottees confirming no intra-day trading or sale of the scrip until the allotment date.

BSE advised the issuer to strengthen internal controls to monitor trades by proposed allottees. Any non-compliance may impact the listing of the shares. The company must submit a listing application within twenty days of allotment as per Schedule XIX of the ICDR Regulations.

Next Steps

The in-principle approval does not constitute final listing approval. Kalyani Cast Tech must complete post-issue formalities and pay applicable fees. The exchange reserves the right to withdraw the approval if submitted information is found to be incomplete or misleading.

Container manufacturer Kalyani Cast-Tech Limited reported a 20% rise in standalone net profit to ₹17.05 crore for FY26, compared to ₹14.24 crore in the previous year. Revenue from operations grew 8.74% to ₹149.99 crore, reflecting sustained demand for specialized cargo containers despite volatility in steel prices.

The company’s earnings per share (EPS) increased by approximately 20% to ₹23.75, up from ₹19.84 in FY25. The Board did not recommend any dividend for the year, opting to plough back profits for business expansion. Consolidated net profit stood at ₹17.11 crore, with revenue at ₹149.94 crore.

Financial Performance

Revenue growth was supported by operational efficiency and prudent cost management. While cost of materials consumed rose to ₹10,259.10 lakh from ₹10,871.15 lakh in the prior year, the company managed to expand margins through better inventory management and reduced finance costs, which fell to ₹9.30 lakh from ₹17.82 lakh.

What the Numbers Show

Other income surged significantly to ₹213.60 lakh in FY26, up from ₹66.41 lakh in FY25. This increase was largely driven by a profit on the sale of investments amounting to ₹166.19 lakh. When contextualized against the total profit before tax of ₹2,264.28 lakh, other income contributed approximately 9.4% of the pre-tax earnings, indicating that while operational profitability remains the core driver, investment gains provided a notable supplementary boost to the bottom line this fiscal year.

Operational Expansion

The company strengthened its product portfolio by introducing specialized containers for heavy steel products, including coils, slabs, and sheets. Innovations such as stainless steel integration in side walls have enhanced payload capacity and durability. The firm also expanded into stainless steel dry cargo containers, foldable containers, and Super High Cube containers for the automotive sector.

A key milestone was the commencement of container manufacturing operations at its 144-acre campus in Shivlakha, Kutch, Gujarat. This facility aims to strengthen manufacturing capacity and geographical presence. Subsequent to the financial year-end, the company successfully conducted a trial train run to its Gati Shakti Multi-Modal Cargo Terminal in Kachchh, operated by subsidiary KMT Engineering Private Limited, demonstrating integrated logistics capabilities.

Governance and Compliance

The Annual General Meeting is scheduled for September 30, 2026. Shareholders will consider the re-appointment of Jayashree Kumar as Whole Time Director for five years, effective April 5, 2027, with a gross salary of ₹2.5 lakh per month. The Board also seeks ratification of remuneration for Cost Auditor M/s Raj Kaushik & Associates at ₹75,000 plus out-of-pocket expenses for FY27.