Kalyani Steels Limited has formally notified stock exchanges that it does not fall under the classification of a Large Corporate as per the regulatory framework established by the Securities and Exchange Board of India (SEBI). The confirmation was made through an official communication dated April 15, 2026, addressed to both BSE Limited and the National Stock Exchange of India Limited.

Regulatory Compliance Framework

The company's confirmation is made pursuant to specific SEBI circulars that govern the identification and classification of Large Corporates in the Indian financial market. The regulatory framework is based on two key circulars:

These circulars specifically address fund raising by issuance of debt securities by Large Corporates and establish the criteria for such classification.

Official Communication Details

The notification was jointly signed by two key executives of the company, ensuring proper authorization and compliance with corporate governance requirements. Mrs. D.R. Puranik, Company Secretary, and B.M. Maheshwari, Chief Financial Officer, both digitally signed the communication on April 15, 2026.

Regulatory Significance

The Large Corporate classification under SEBI regulations carries specific implications for fund raising activities, particularly regarding debt securities issuance. Companies classified as Large Corporates are subject to additional regulatory requirements and frameworks when raising funds through debt instruments. By confirming its non-classification status, Kalyani Steels Limited clarifies its regulatory position for stakeholders and ensures transparency in its compliance status.

The company maintains its corporate headquarters at Mundhwa, Pune, and continues to operate as part of the Kalyani Group. This regulatory confirmation provides clarity to investors and market participants regarding the company's current status under SEBI's Large Corporate framework.

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.