Kalyani steels Limited has announced a significant leadership change with the resignation of its Chief Financial Officer, Mr. Bal Mukand Maheshwari, who will step down from his position effective May 8, 2026. The announcement was made through a regulatory filing dated April 16, 2026, submitted to both BSE and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details and Timeline

The resignation follows Mr. Maheshwari's formal letter submitted on April 16, 2026, where he cited personal reasons for his decision to leave the company. The transition will be completed after close of business hours on Friday, May 8, 2026, providing the organization with a structured timeline for the handover process.

Service Tenure and Contributions

Mr. Maheshwari has served Kalyani Steels Limited as Chief Financial Officer for 13 years, making significant contributions to the company's growth journey during his tenure. In his resignation letter addressed to the Managing Director, he expressed pride in his contributions and acknowledged the honor of serving the organization in this key leadership role.

The outgoing CFO emphasized his commitment to ensuring a smooth transition of responsibilities and extending full cooperation during the handover process. He specifically confirmed that there are no other material reasons for his resignation beyond the personal reasons mentioned in his formal communication.

Regulatory Compliance and Communication

The company has fulfilled its regulatory obligations by promptly informing the stock exchanges about this key managerial personnel change. The announcement was made in compliance with SEBI Master Circular No.HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, ensuring transparency with stakeholders and the investment community.

Acknowledgments and Transition

In his farewell message, Mr. Maheshwari expressed sincere gratitude to the Board of Directors and the management team for their continuous guidance and support throughout his tenure. The resignation letter highlighted his appreciation for the collaborative working relationship and the opportunities provided during his 13-year association with the company.

The announcement was signed by Mrs. D.R. Puranik, Company Secretary, confirming the formal acceptance and processing of the resignation in accordance with corporate governance requirements. The company has indicated that Mr. Maheshwari will ensure a smooth transition of his responsibilities during the handover process.

Kalyani Steels Limited has published newspaper advertisements in Business Standard and Loksatta on April 16, 2026, serving as a reminder to shareholders about the special window for transferring physical securities. The company's initiative aims to facilitate investors in gaining rightful access to their securities through a streamlined transfer and dematerialization process.

SEBI Circular Implementation

The special window operates under SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD//3750/2026 dated January 30, 2026, which builds upon the earlier circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025. This regulatory framework specifically addresses physical securities that were sold or purchased prior to April 1, 2019.

Transfer Process and Requirements

The special window accommodates both new applications and re-lodgement of previously submitted requests that were rejected, returned, or not processed due to document deficiencies or procedural issues. During this period, transferred securities will be mandatorily credited to the transferee only in demat mode once all documents are verified by the Registrar and Transfer Agent.

Transferred securities will be subject to specific restrictions during the lock-in period:

• Securities cannot be transferred during the one-year lock-in period
• Lien-marking is prohibited during this timeframe
• Pledging of securities is not permitted until lock-in expires

Contact Information for Shareholders

Eligible shareholders seeking assistance can contact the company's Registrar and Transfer Agent, MUFG Intime India Private Limited, through multiple channels. The RTA can be reached via email at pune@in.mpms.mufg.com or at their physical office located at Block No.202, Akshay Complex, 2nd Floor, Off Dhole Patil Road, Near Ganesh Mandir, Pune 411 011.

Document Submission Guidelines

Shareholders are advised to submit duly executed transfer deeds along with all requisite documents that are complete in all respects. The company emphasizes the importance of ensuring all documentation meets the specified requirements to avoid processing delays or rejections.

The notice, signed by Company Secretary Mrs. Deepti R. Puranik and dated April 15, 2026, has been published in both English and Marathi languages to ensure comprehensive reach to all shareholders. This multilingual approach demonstrates the company's commitment to inclusive communication with its diverse shareholder base.