Kalyani Steels appoints Vartika Shukla as independent director for 5 years

Kalyani Steels Limited has strengthened its governance framework by appointing Ms. Vartika Shukla as an Additional Independent Director for a term of five years. The appointment, effective from June 24, 2026, to June 23, 2031, was approved by the Board of Directors through a circular resolution based on the recommendation of the Nomination and Remuneration Committee. This strategic move is subject to the approval of the company's members via postal ballot.

Ms. Shukla is a seasoned professional with nearly 38 years of experience at Engineers India Limited (EIL), a Navratna public sector undertaking under the Ministry of Petroleum & Natural Gas. She served as the former Chairman & Managing Director of EIL, where she led business services worth more than US $100 billion across engineering consultancy, project management, and EPCM solutions. Her leadership focused on business diversification, strategic alliances, geographical expansion, and operational excellence.

The company confirmed that Ms. Shukla has not been debarred from holding the office of Director by SEBI or any other authority, complying with regulations issued by both BSE Limited and National Stock Exchange of India Limited. The appointment follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of the Appointee

Ms. Vartika Shukla holds a B. Tech in Chemical Engineering from the Indian Institute of Technology, Kanpur, and a Certificate Program in Management from the Indian Institute of Management, Lucknow. She has co-authored over 30 patents in proprietary hardware, process design, and energy technologies. Her accolades include the SCOPE Eminence Award 2022-23, the INAE Women Engineer of the Year (2021), and the Distinguished Alumnus award from IIT Kanpur.

Ms. Shukla is not related to any existing Director of Kalyani Steels Limited, ensuring an independent perspective on the Board. Her previous roles include Part-Time Chairman of CEIL and board positions at RFCL, NRL, and ISPRL.

Appointment Details

Particulars	Description
Name of Director	Ms. Vartika Shukla
DIN	08777885
IDDB Registration No.	IDDB-DI-202606-093493
Designation	Additional Independent Director
Term of Appointment	5 (Five) consecutive years
Effective Date	June 24, 2026
End Date	June 23, 2031
Approval Status	Subject to approval of members by way of Postal Ballot

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.88%	+0.63%	-1.19%	+10.82%	-5.23%	+105.88%

Kalyani Steels Limited has secured shareholder approval to appoint Mr. Shishir Joshipura as an Independent Director for a term of four years from May 8, 2026, to May 7, 2030. The resolution was passed via a special resolution through a postal ballot process, receiving overwhelming support from investors. This appointment strengthens the company's board governance structure as it moves forward with its strategic objectives.

The Board of Directors approved the proposal at a meeting held on May 8, 2026. Mr. Shishir Joshipura (DIN 00574970) meets the criteria for independence as prescribed in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The remote e-voting period commenced on May 22, 2026, and concluded on June 20, 2026. Kalyani Steels appointed Mr. Sridhar Mudaliar or Mrs. Meenakshi Deshmukh, Partners of M/s. SVD & Associates, Company Secretaries, Pune, as the Scrutinizer to ensure the voting process was conducted fairly and transparently. The results were scrutinized pursuant to Regulation 44 of the Listing Regulations.

A total of 34,262,876 votes were polled, representing 78.4891% of the outstanding shares. The resolution received 34,261,492 votes in favour, accounting for 99.9960% of the total votes polled. Only 1,384 votes were cast against the resolution, which constituted 0.0040% of the total votes. There were no invalid votes recorded during the process.

Voting Breakdown by Shareholder Category

The voting participation varied across different shareholder categories. Promoter and Promoter Group held 28,244,202 shares, with 28,153,561 votes polled, resulting in a 99.6791% participation rate. Public Institutions held 5,715,354 shares, with 5,364,686 votes polled, representing a 93.8645% participation rate. Public Non-Institutions held 9,693,504 shares, with 744,629 votes polled, resulting in a 7.6817% participation rate.

Detailed Voting Results

Category	Shares Held	Votes Polled	% of Votes Polled	Votes in Favour	Votes Against
Promoter and Promoter Group	28,244,202	28,153,561	99.6791	28,153,561	-
Public Institutions	5,715,354	5,364,686	93.8645	5,364,686	-
Public Non-Institutions	9,693,504	744,629	7.6817	743,245	1,384
Total	43,653,060	34,262,876	78.4891	34,261,492	1,384

The Scrutinizer's report confirmed compliance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had dispatched the Postal Ballot Notice to members on May 19, 2026, and published an advertisement on May 20, 2026, to inform shareholders about the voting process. The results have been submitted to the BSE Limited and the National Stock Exchange of India Limited.