Kalyani Steels Limited has accepted the cessation of Amb. Ahmad Javed as an Independent Director effective June 26, 2026, following the completion of his second term. The company informed the stock exchanges that the director's tenure concluded on June 25, 2026, in accordance with the terms approved by shareholders.

The members at the Forty-Ninth Annual General Meeting held on August 1, 2022, had approved the re-appointment of Amb. Ahmad Javed for a second term. This term was set for a period of five consecutive years, commencing on June 26, 2023, and ending on June 25, 2026.

The disclosure was made to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced SEBI Master Circular No.HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing.

Details of Cessation

The company provided specific details regarding the change in its board composition through an annexure to the regulatory filing. The table below outlines the particulars of the director's exit.

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