Kalyani Steels Limited has issued a notice of postal ballot dated May 8, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice seeks shareholder approval for the appointment of Mr. Shishir Joshipura as an Independent Director of the Company. The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee (NRC), appointed Mr. Joshipura as an Additional Independent Director at its meeting held on May 8, 2026, subject to member approval via postal ballot.

The Postal Ballot Notice accompanied by the explanatory statement was dispatched on Tuesday, May 19, 2026, through electronic mode. The advertisement confirming the dispatch was published in Business Standard (all editions) and Loksatta (Pune edition) on Wednesday, May 20, 2026.

Appointment Details

The proposed appointment is for a term of 4 consecutive years. The key parameters of the appointment are summarised below:

e-Voting Schedule

The Company has engaged the services of National Securities Depository Limited (NSDL) to facilitate the e-voting process. Members holding shares as on the cut-off date of Friday, May 15, 2026 are eligible to participate. The e-voting schedule is as follows:

The postal ballot notice is being sent electronically to all members whose e-mail addresses are registered with the Company, its Registrar and Transfer Agent (RTA), or Depository Participants as on the cut-off date. Physical copies are not being dispatched, in compliance with applicable MCA and SEBI circulars.

Profile of Mr. Shishir Joshipura

Mr. Joshipura, aged 64 years (Date of Birth: January 22, 1962), holds a B. Tech. in Mechanical Engineering from Birla Institute of Technology & Science, Pilani, and has completed the Advanced Management Program (AMP) from Harvard Business School. Over a career spanning more than 42 years, he has contributed extensively to process technology, capital goods, industrial services, automotive, and industrial part manufacturing sectors.

Mr. Joshipura served as CEO and Managing Director of Praj Industries from 2018 to 2025, during which Praj consolidated its position as a global leader in Industrial Biotech with over 1,000 installations across 100 countries. Prior to that, he served as CEO of SKF India from 2009 to 2018, where he played a pivotal role in establishing SKF's global technology center in India and overseeing a doubling of the company's manufacturing footprint in the country. He currently holds a directorship at Kilburn Engineering Limited as an Independent Director, and ceased to be a Director of Praj Industries Limited on completion of his term as CEO & Managing Director with effect from the close of business hours on June 30, 2025.

Areas of Expertise

The NRC identified the following key competencies of Mr. Joshipura as aligning with the Company's strategic objectives and governance needs:

• Management of large manufacturing, engineering process and project businesses
• Strategic road map development for driving accelerated growth
• Experience spanning TEMPO (Technology, Engineering, Manufacturing, Project and Operations) for industrial capital goods and automotive components across domestic and international markets
• Technology development and global innovation center management
• Multi-location manufacturing and supply chain leadership
• Industrial and automotive distribution management
• Defining and developing international business operations
• Alternative energy business development

Scrutinizer and Result Process

Pursuant to Rule 22(5) of the Companies (Management and Administration) Rules, 2014, Mr. Sridhar Mudaliar (Membership No. FCS 6156 COP 2664), or failing him, Mrs. Meenakshi Deshmukh (Membership No. FCS 7364 COP 7893), Partners of M/s. SVD & Associates, Company Secretaries, Pune, have been appointed as Scrutinizer to oversee the e-voting process. Upon completion of scrutiny, the results will be intimated to BSE Limited and National Stock Exchange of India Limited within 2 working days from the conclusion of e-voting, and will also be published on the Company's website at www.kalyanisteels.com and on NSDL's website at www.evoting.nsdl.com . If passed by the requisite majority, the Special Resolution shall be deemed to have been passed on Saturday, June 20, 2026.

Kalyani Steels Limited has informed the stock exchanges that Mr. Shrikrishna K. Adivarekar (DIN 06928271 and IDDB Registration No. IDDB-DI-202002-012411) has completed his second term as an Independent Director of the company. His tenure concluded on May 17, 2026, and he accordingly ceased to be a director of the company with effect from May 18, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Cessation Details

The following table summarises the key details of Mr. Adivarekar's cessation as disclosed under Regulation 30 of the Listing Regulations:

Background of Re-Appointment

The members of Kalyani Steels had approved the re-appointment of Mr. Adivarekar for his second term at the company's Forty-Ninth Annual General Meeting held on August 1, 2022. The second term spanned 3 consecutive years, commencing May 18, 2023 and concluding May 17, 2026. With the completion of this term, Mr. Adivarekar has ceased to hold the position of Independent Director and director of the company.

Regulatory Compliance

The disclosure was filed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation was submitted by Mrs. D.R. Puranik, Company Secretary of Kalyani Steels Limited, on May 18, 2026.