Kalyani Cast Tech confirms book closure dates for Sept 30 AGM
- Kalyani Cast Tech sets Sept 30 date for 14th AGM
- Book closure runs from Sept 24 to Sept 30, 2026
- Record date for voting eligibility is Sept 23, 2026
- Agenda includes reappointment of WTD Jayashree Kumar
*this image is generated using AI for illustrative purposes only.
Kalyani Cast Tech Limited has confirmed the book closure period for its 14th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026. The company will close its register of members from September 24 to September 30, 2026, to determine voting eligibility.
The Board convened on August 31, 2026, to finalize the agenda. Shareholders holding shares on the record date of September 23, 2026, are eligible to vote. Remote e-voting opens on September 27, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm.
Governance and Appointments
The primary special business item is the reappointment of Mrs. Jayashree Kumar as Whole Time Director (WTD) for five years, effective April 5, 2027. The Nomination and Remuneration Committee recommended the move, citing increased operational responsibilities and industry practices.
| Detail | Information |
|---|---|
| Role | Whole Time Director |
| Term | Five years |
| Effective Date | April 5, 2027 |
| Gross Salary | ₹2,50,000 per month |
| Shareholding | 2,75,500 equity shares (3.84%) |
Mrs. Kumar’s gross salary is fixed at ₹2,50,000 per month, including perquisites, with an annual increment of up to 15%. Additional benefits include health insurance, a company-provided car with a driver, leave encashment, and gratuity. The remuneration is payable irrespective of profits, subject to Schedule V of the Companies Act, 2013.
Mrs. Kumar is the wife of Mr. Naresh Kumar, Managing Director, and sister-in-law to Mr. Devender Kumar, Non-Executive Director. She holds 2,75,500 equity shares, representing 3.84% of the company’s capital as of March 31, 2026.
Audit and Financial Approvals
Shareholders will also ratify the remuneration of M/s Raj Kaushik & Associates as Cost Auditor for FY27. The firm will receive ₹75,000 plus out-of-pocket expenses. M/s R. Mahajan & Associates was appointed as Internal Auditor for the same period.
The ordinary business includes adopting the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026. CS Ankur Singh was named Scrutinizer for the AGM.
Meeting Logistics
The AGM will be conducted through Video Conferencing or Other Audio Visual Means (OAVM). National Securities Depository Limited (NSDL) will facilitate e-voting. Institutional investors must upload Board Resolutions via the NSDL portal or email them to the company secretary. Physical proxies are not available for this virtual meeting.
Historical Stock Returns for Kalyani Cast Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.72% | +13.89% | +48.52% | +153.26% | +132.63% | +376.38% |
How might the reappointment of Mrs. Jayashree Kumar as Whole Time Director influence Kalyani Cast Tech's strategic direction and operational efficiency over the next five years?
What impact could the fixed remuneration structure, payable irrespective of profits, have on shareholder sentiment and the company's cost management during economic downturns?
Given the family connections within the board, how will the company ensure robust corporate governance and mitigate potential conflicts of interest during key decision-making processes?
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