Kalyani Steels has appointed Ajay Kirtane as an additional independent director on its board. The five-year term begins on September 7, 2026, and ends on September 6, 2031.

The Board of Directors approved the appointment via circular resolution on September 7, 2026. The decision follows a recommendation from the Nomination and Remuneration Committee. Shareholders must approve the appointment through a postal ballot for it to take final effect.

Regulatory Compliance

The company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026.

Kalyani Steels confirmed that Mr. Kirtane has not been debarred from holding the office of director by any order issued by SEBI or any other authority. This confirmation aligns with circulars issued by both the National Stock Exchange of India Limited and BSE Limited on June 20, 2018.

Profile of New Director

Mr. Kirtane brings over 34 years of experience in financial management, debt syndication, mergers and acquisitions, and private equity. He is qualified as a Cost and Works Accountant.

He was the founder and associate member of the management consultancy firm Shah & Kirtane. He retired from the firm effective March 31, 2025. The consultancy handled corporate and commercial projects across engineering, infrastructure, real estate, and auto component industries.

The company stated that Mr. Kirtane is not related to any current director of Kalyani Steels.

Kalyani Steels Limited ( Kalyani Steels ) shareholders approved all seven resolutions at its 53rd Annual General Meeting (AGM) held on August 27, 2026. The virtual meeting saw overwhelming support from the promoter group, while public institutional investors registered dissent on two director reappointment resolutions.

The proceedings were conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI directives. Company Secretary Mrs. D.R. Puranik confirmed the presence of the requisite quorum. All directors except Amit B. Kalyani attended the meeting.

Voting Results Overview

A total of 42,658 shareholders were on record as of the cut-off date. Of the 43,653,060 total shares held, 34,422,674 valid votes were polled across various resolutions, representing a 78.85% participation rate among eligible shares.

Key Resolutions Passed

Shareholders transacted seven agenda items, comprising ordinary business and special business. The resolutions included:

• Adoption of Audited Standalone and Consolidated Financial Statements for FY26
• Declaration of dividend on Equity Shares for FY26
• Re-appointment of M.U. Takale as Director
• Re-appointment of B.N. Kalyani as Director
• Approval for Material Related Party Transactions with Bharat Forge Limited
• Approval for Material Related Party Transactions with Kalyani Technoforge Limited
• Ratification of Remuneration of Cost Auditors

The Chairman summarized the company’s business operations and financial performance before inviting queries from members. Managing Director R.K. Goyal joined the Chairman to address member suggestions.

Governance and Voting Process

Mr. Sridhar Mudaliar, Partner at SVD & Associates, was appointed as the Scrutinizer to oversee votes cast through remote e-voting and during the meeting. The e-voting facility remained open for 15 minutes post-meeting conclusion. Mrs. Puranik was authorized to declare the results upon receipt of the Scrutinizer’s Report.

Statutory, Internal, Secretarial, and Cost Auditors participated remotely. Their reports, along with the Board’s report, were taken as read with member permission.