Kalyani Steels Limited has filed its quarterly compliance certificate with stock exchanges, confirming adherence to SEBI dematerialization regulations for the quarter ended March 31, 2026. The certificate was submitted to both BSE Limited and National Stock Exchange of India Limited on April 6, 2026.

Regulatory Compliance Confirmation

Pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, the company confirmed that all dematerialization requests received during the quarter ended March 31, 2026 were processed within the prescribed time limits. The confirmation was based on a letter received from the company's Registrar & Transfer Agents.

RTA Verification Details

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, provided comprehensive confirmation regarding the dematerialization process. The RTA verified that securities received from depository participants were properly confirmed to depositories and that all security certificates received for dematerialization were mutilated and cancelled after due verification.

Process Verification

The RTA confirmed several key aspects of the dematerialization process:

• Securities received for dematerialization were confirmed or rejected to depositories within prescribed timelines
• Security certificates were properly mutilated and cancelled after verification by depository participants
• Names of depositories were substituted in the register of members as registered owners
• All securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed

Corporate Communication

The compliance certificate was signed by Mrs. D.R. Puranik, Company Secretary of Kalyani Steels Limited, and digitally authenticated on April 6, 2026. The communication was addressed to both major Indian stock exchanges where the company's shares are listed, ensuring comprehensive regulatory compliance reporting.

Kalyani Steels has completed the acquisition of a 4.85% stake in Clean Renewable Energy KK 1B Private Limited for ₹2.94 crore, marking the successful execution of its strategic move to secure captive renewable power supply for operations under the group captive scheme as per the Electricity Act, 2003.

Acquisition Completion Details

The company has finalized the investment transaction involving the purchase of 1,034,453 equity shares in Clean Renewable Energy KK 1B Private Limited. The acquisition was completed with shares priced at ₹10.00 each with a premium of ₹18.37 per equity share, totaling ₹28.37 per share. This represents a 4.85% ownership stake in the renewable energy company.

Strategic Partnership Framework

Kalyani Steels has entered into Share Subscription and Shareholders Agreements with the Special Purpose Vehicle of Hero Rooftop Energy Private Limited. The acquisition has been structured in line with the Power Purchase Agreement and enables the company to access captive renewable power supply through clean energy sources.

Target Company Profile

Clean Renewable Energy KK 1B Private Limited was incorporated on July 25, 2024, with its registered office in New Delhi. The company is engaged in generation and sale of energy, specifically focused on electricity generation. As a newly incorporated entity, Clean Renewable has not generated any turnover for the current financial year.

Regulatory Compliance and Impact

The completed acquisition does not fall within the ambit of related party transactions, with none of the promoters, promoter group, or group companies of Kalyani Steels having any interest in Clean Renewable Energy. The transaction required no governmental or regulatory approvals for completion. This strategic investment demonstrates Kalyani Steels' commitment to incorporating renewable energy solutions into its operational framework, potentially reducing operational costs and supporting environmental sustainability initiatives.