Kalyani Cast Tech Limited secured unanimous shareholder approval for the preferential issue of up to 3,23,123 Convertible Equity Warrants during its Extraordinary General Meeting (EGM) held on July 28, 2026. The special resolution received 100% support from all voting members, with no votes cast against or declared invalid. Each warrant is convertible into one fully paid-up equity share, marking a key step in the company’s capital structure optimization.

The EGM was conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM), chaired by Naresh Kumar, Chairman & Managing Director. The meeting commenced at 12:00 PM (IST) and concluded at 12:09 PM (IST). In compliance with SEBI Listing Regulations and Ministry of Corporate Affairs (MCA) circulars, remote e-voting was facilitated by National Securities Depository Limited (NSDL) from July 25, 2026, at 9:00 AM (IST) to July 27, 2026, at 5:00 PM (IST). Members attending the virtual meeting who had not voted remotely were provided electronic voting facilities during the session.

M/s. Ankur Singh & Associates, Practising Company Secretaries, served as the Scrutinizer for the voting process. The Scrutinizer’s Report, dated July 28, 2026, confirmed that the resolution was passed with the requisite majority under Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The report noted that the remote e-voting facility was disabled forthwith upon the closure of the voting period.

Jayashree Kumar, Whole Time Director, signed the summary of proceedings. The consolidated voting results and Scrutinizer’s Report have been submitted to BSE Limited and will be uploaded on the company’s website and NSDL portal within the prescribed timeline. The company emphasized that the management is responsible for ensuring compliance with the Act and Rules relating to remote e-voting, while the Scrutinizer’s role was limited to verifying the vote counts.

What the Numbers Show

The unanimous approval reflects strong alignment between promoter interests and public shareholders regarding the capital raising strategy. With promoters holding approximately 99.44% of the voting power exercised, the outcome was heavily influenced by their stance. The absence of any dissenting votes or invalid ballots indicates clear communication and acceptance of the terms detailed in the Explanatory Statement.

Kalyani Cast Tech has issued a corrigendum to its Extraordinary General Meeting (EGM) notice dated July 4, 2026, to clarify details regarding a preferential issue of convertible equity warrants. The EGM is scheduled to be held on July 28, 2026, at 12:00 P.M. IST via video conferencing. The clarification follows a request from BSE Limited on July 10, 2026, seeking additional information about the preferential issue.

The corrigendum specifically amends Clause (vi) of the explanatory statement for Item No. 1 in the original notice. It identifies the six proposed allottees who belong to the promoter or promoter group of the company and have indicated their intention to subscribe to the warrants.

The following individuals are listed as proposed allottees:

The document confirms that aside from these six individuals, no other directors, promoters, key managerial personnel, or senior management personnel intend to subscribe to the convertible equity warrants or contribute separately to the issue. The corrigendum forms an integral part of the original EGM notice, which must be read in conjunction with this update.

The company stated that the original notice was dispatched in compliance with the Companies Act, 2013, and relevant rules. The filing for in-principle approval from BSE was made pursuant to Regulation 28(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corrigendum will be available on the websites of BSE and Kalyani Cast Tech.