Kalyani Steels has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the National Stock Exchange of India Limited and BSE Limited. The filing, dated July 29, 2026, was made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report provides a comprehensive overview of the company’s environmental, social, and governance performance, disclosing a turnover of ₹ 18,456 Million and a net worth of ₹ 20,996 Million for the period. The disclosures are made on a standalone basis.

The report details significant operational metrics, including total energy consumption of 8,767,275 GJ and water withdrawal of 1,550,758 Kilolitres. Kalyani Steels reported total Scope 1 greenhouse gas emissions of 588,692 metric tonnes of CO₂ equivalent and Scope 2 emissions of 291 metric tonnes of CO₂ equivalent. The company also disclosed that it operates under the Performance, Achieve and Trade (PAT) Scheme, noting that targets for the PAT 7A cycle were not achieved, though e-certificates from PAT cycle-3 will be adjusted for the shortfall.

Key Financial and Operational Metrics

The BRSR outlines the company’s financial standing and resource intensity ratios for FY 2025-26 compared to the previous year. The data reflects the company’s scale in terms of capitalization and operational inputs.

Environmental Impact and Waste Management

Kalyani Steels reported generating 203,951 metric tonnes of waste in FY 2025-26, an increase from 199,325 metric tonnes in the prior year. Of this, 84,984 metric tonnes were recovered through recycling, while 118,967 metric tonnes were disposed of through other operations. The company maintains a Zero Liquid Discharge system at its Hospet plant, treating 100% of wastewater into reusable water. Air emissions data shows NOx levels at 20.42 µgm/m³ and SOx at 18.57 µgm/m³.

Social Governance and Compliance

The report confirms that the company has no differently abled employees or workers on its rolls as of March 31, 2026. It employs 120 permanent employees and 27 permanent workers, with 250 contract workers. The Board of Directors comprises 11 members, including two women (18.18%). Notably, the company disclosed receiving a settlement order from the Securities and Exchange Board of India on February 23, 2026, regarding non-obtaining of prior audit committee approval for related party transactions in earlier years. The settlement amount was paid on February 12, 2026.

Analytical Observation

The divergence between rising waste generation and declining recycling volumes warrants attention. While total waste increased by approximately 4,626 metric tonnes year-on-year, recycled waste fell by 5,427 metric tonnes. This suggests a shift in waste composition towards materials less amenable to current recycling processes, potentially impacting future sustainability costs despite stable overall waste intensity per rupee of turnover.

Kalyani Steels Limited has established Friday, July 31, 2026, as the record date and the final deadline for shareholders to submit tax-related documents to ensure the correct Tax Deduction at Source (TDS) is applied on the recommended dividend of ₹10 per share. The Board of Directors recommended this final dividend, amounting to 200% on equity shares of ₹5 each for the Financial Year 2025-26, during its meeting on May 8, 2026. Shareholders must update their bank account details, PAN, and residential status with their depository participants or the Registrar and Transfer Agent, MUFG Intime India Private Limited, to facilitate electronic payments and comply with the Income Tax Act, 2025. Failure to provide complete documentation by the deadline will result in the application of the highest applicable TDS rate.

The company has scheduled its 53rd Annual General Meeting (AGM) for Thursday, August 27, 2026, at 11:00 a.m. IST via Video Conferencing. If approved, the dividend will be paid electronically on or before Friday, September 4, 2026. The company mandates that all dividends be paid exclusively through electronic means, eliminating physical warrants.

TDS Provisions for Resident Shareholders

For resident individuals, TDS will be deducted at 10% if a valid PAN is registered under Section 393(1) read with 393(4) of the Act. The rate increases to 20% under Section 397(2) if the PAN is invalid, not linked with Aadhaar, or unavailable. No tax will be deducted if the total dividend income during the Tax Year 2026-27 does not exceed ₹10,000, or if the shareholder submits Form 121 or an exemption certificate. Resident non-individual entities such as insurance companies, mutual funds, Alternative Investment Funds (AIFs), and New Pension System (NPS) trusts must submit specific self-declarations and registration copies to claim nil TDS.

Compliance for Non-Resident Shareholders

Non-resident shareholders face a withholding tax rate of 20% plus surcharge and cess under Section 393(2) of the Act. To claim benefits under Double Tax Avoidance Agreements (DTAA), shareholders must submit a self-attested copy of their Tax Residency Certificate (TRC) for the year 2026-27, a declaration in Form 41, and a self-declaration meeting treaty eligibility requirements. For shareholders holding shares through intermediaries, a declaration under Rule 203 must be shared within two days from the record date. The company reserves the right to apply beneficial treaty rates only upon satisfactory review of submitted documents.

Key Deadlines and Submission Process

Shareholders must submit all required forms and documents via the RTA's website or via email to tdsforms@kalyanisteels.com by Friday, July 31, 2026. Requests for updates in PAN or Residential Status will not be accepted after the Record Date. Shareholders can view their tax credit in Form 168 on the TRACES portal.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE907A01026/0ab1adc191224b32.pdf