Kalyani Steels declares ₹10 dividend, sets AGM for Aug 27
Kalyani Steels Limited has announced a dividend of ₹10 per share (200%) for the financial year ended March 31, 2026, with a record date of July 31, 2026. The 53rd AGM is scheduled for August 27, 2026, via video conferencing, where the dividend will be proposed for approval. Shareholders are advised to update email and bank details to facilitate electronic distribution and e-voting.
*this image is generated using AI for illustrative purposes only.
Kalyani Steels Limited has fixed Friday, July 31, 2026, as the record date to determine shareholder entitlement for a dividend of ₹10 per share. The Board of Directors recommended this dividend, which amounts to 200% on equity shares of ₹5 each, during its meeting on May 8, 2026. If approved by shareholders at the upcoming Annual General Meeting (AGM), the payout will be made electronically on or before Friday, September 4, 2026.
The company has scheduled its 53rd AGM for Thursday, August 27, 2026, at 11:00 a.m. IST. The meeting will be conducted exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM), allowing shareholders to participate remotely without a physical venue. This arrangement complies with the provisions of the Companies Act, 2013, and relevant SEBI Listing Obligations and Disclosure Requirements Regulations.
Shareholders can participate in the proceedings through remote e-voting or via the e-voting system during the AGM. The Notice of the AGM and the Annual Report for the financial year 2025-26 will be distributed electronically to members whose email addresses are registered with the company's Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited, or depository participants. These documents will also be available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.
In compliance with Regulation 36(1)(b) of the Listing Regulations, a physical letter containing a weblink to the Annual Report will be sent to shareholders who have not registered their email addresses. The company has advised shareholders to update their bank account details, KYC information, and contact details with their depository participants or the RTA to ensure timely dividend receipt and compliance with tax deduction at source (TDS) requirements under the Income Tax Act, 2025.
The following table outlines the process for registering or updating details:
| Holding Type | Action Required |
|---|---|
| DEMAT holding | Register or update details in the demat account as per the Depository Participant's process. |
| Physical holding | Register or update details in prescribed Form ISR-1 with the RTA at MUFG Intime India Private Limited, Pune. |
Historical Stock Returns for Kalyani Steels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.88% | -4.61% | +6.94% | +30.97% | -5.55% | +112.39% |
How will the proposed dividend payout impact Kalyani Steels' capital allocation strategy for the remainder of fiscal year 2027?
What are the expectations for shareholder attendance rates given the continuation of the fully virtual AGM format?
Could the 200% dividend declaration signal a shift in the company's free cash flow generation or future investment plans?
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