Kalyani Cast Tech has received approval from the Central Board of Indirect Taxes and Customs (CBIC) for the issuance of a Letter of Intent to set up an Inland Container Depot (ICD) at Shivlakha, Kutch, Gujarat. The facility aims to handle import and export cargo as part of the company’s broader logistics integration strategy.

The Inter-Ministerial Committee (IMC) considered the proposal on August 25, 2026, leading to the CBIC’s approval dated September 10, 2026. The company must operationalize the facility within one year of the letter’s issue date.

Integrated Logistics Platform

The proposed ICD is a component of Kalyani Cast Tech’s integrated rail, logistics, and manufacturing ecosystem at Shivlakha. The platform combines several operational nodes to create a factory-to-port supply chain solution.

The Gati Shakti Cargo Terminal, commissioned by subsidiary KMT Engineering Private Limited at Shivlakha Station, provides direct rail connectivity. It supports both internal cargo movement and third-party aggregation opportunities.

Regulatory Conditions

The CBIC approval is subject to specific compliance requirements under Circular No. 50/2020-Customs dated November 5, 2020. The company must adhere to the Handling of Cargo in Customs Areas Regulations, 2009, and the Customs Act, 1962.

Key obligations include:

• Installation of RFID scanners at entry and exit gates.
• Integration with the Logistics Data Bank (LDB) and E-trade system for real-time container tracking.
• Monthly progress reports to the jurisdictional Commissioner of Customs.
• Compliance with customs staff posting norms on a cost-recovery basis.

Failure to meet infrastructure requirements or violation of customs laws may result in cancellation of the Letter of Intent.

Strategic Outlook

Kalyani Cast Tech is transitioning from a predominantly manufacturing-led business to a diversified rail, manufacturing, and logistics platform. The company targets revenue of approximately ₹4,000–5,000 crore in the coming years, subject to market demand, execution, and regulatory approvals.

The Shivlakha facility aligns with national initiatives such as PM Gati Shakti and multimodal logistics frameworks. The integration of manufacturing, rail connectivity, and port logistics aims to improve supply-chain efficiency for customers while creating diversified revenue streams for shareholders.

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.