Kalyani Steels Limited will hold its 53rd Annual General Meeting (AGM) on Thursday, August 27, 2026, at 11:00 a.m. (I.S.T.) via video conferencing or other audio-visual means (OAVM). The meeting aims to transact business as outlined in the notice convening the AGM, in compliance with the Companies Act, 2013, SEBI Listing Regulations, and recent circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India. This virtual format ensures broader shareholder participation while adhering to regulatory guidelines issued in September 2025 and January 2026.

The company dispatched the AGM notice and the Annual Report for Financial Year 2025-26 (FY25-26) to members via email on July 29, 2026. For shareholders who have not registered their email addresses with the company, Registrar and Transfer Agent (RTA), or Depository Participants, physical letters containing web-links to access these documents are being sent by post. The documents are also available for download on the company’s website, as well as on the platforms of BSE Limited, National Stock Exchange of India Limited, and National Securities Depository Limited.

E-Voting Process and Timeline

Shareholders holding shares in physical or demat form as of the cut-off date of Thursday, August 20, 2026, are eligible to cast their votes electronically. The remote e-voting process will be facilitated through the NSDL e-voting platform. Members can vote on all businesses set out in the AGM notice during the specified window.

The remote e-voting facility will not be available after 5:00 p.m. (I.S.T.) on Wednesday, August 26, 2026. Only individuals whose names appear in the register of members or the register of beneficial owners maintained by depositories as of the cut-off date are entitled to vote.

Participation Guidelines

Shareholders who have already cast their votes via remote e-voting may attend or participate in the AGM through the VC/OAVM facility but cannot vote again. Those attending the meeting virtually who have not voted remotely remain eligible to vote during the AGM using the e-voting system. Detailed instructions for accessing the meeting and casting votes are included in the AGM notice.

New members who acquired shares after the dispatch of the AGM notice but hold shares as of the cut-off date can obtain their User ID and Password by emailing e-voting@nsdl.co.in . Existing NSDL e-voting users may use their current credentials. For further assistance regarding e-voting or VC/OAVM attendance, shareholders may refer to the FAQs and user manual on the NSDL website or contact Umesh Sharma of MUFG Intime India Private Limited, the Registrar and Transfer Agent.

Regulatory Compliance

The AGM is being conducted in accordance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with Regulation 30 read with Regulation 47 of the SEBI LODR Regulations by publishing newspaper advertisements in Business Standard (English) and Loksatta (Marathi) on July 30, 2026.

Kalyani Steels has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the National Stock Exchange of India Limited and BSE Limited. The filing, dated July 29, 2026, was made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report provides a comprehensive overview of the company’s environmental, social, and governance performance, disclosing a turnover of ₹ 18,456 Million and a net worth of ₹ 20,996 Million for the period. The disclosures are made on a standalone basis.

The report details significant operational metrics, including total energy consumption of 8,767,275 GJ and water withdrawal of 1,550,758 Kilolitres. Kalyani Steels reported total Scope 1 greenhouse gas emissions of 588,692 metric tonnes of CO₂ equivalent and Scope 2 emissions of 291 metric tonnes of CO₂ equivalent. The company also disclosed that it operates under the Performance, Achieve and Trade (PAT) Scheme, noting that targets for the PAT 7A cycle were not achieved, though e-certificates from PAT cycle-3 will be adjusted for the shortfall.

Key Financial and Operational Metrics

The BRSR outlines the company’s financial standing and resource intensity ratios for FY 2025-26 compared to the previous year. The data reflects the company’s scale in terms of capitalization and operational inputs.

Environmental Impact and Waste Management

Kalyani Steels reported generating 203,951 metric tonnes of waste in FY 2025-26, an increase from 199,325 metric tonnes in the prior year. Of this, 84,984 metric tonnes were recovered through recycling, while 118,967 metric tonnes were disposed of through other operations. The company maintains a Zero Liquid Discharge system at its Hospet plant, treating 100% of wastewater into reusable water. Air emissions data shows NOx levels at 20.42 µgm/m³ and SOx at 18.57 µgm/m³.

Social Governance and Compliance

The report confirms that the company has no differently abled employees or workers on its rolls as of March 31, 2026. It employs 120 permanent employees and 27 permanent workers, with 250 contract workers. The Board of Directors comprises 11 members, including two women (18.18%). Notably, the company disclosed receiving a settlement order from the Securities and Exchange Board of India on February 23, 2026, regarding non-obtaining of prior audit committee approval for related party transactions in earlier years. The settlement amount was paid on February 12, 2026.

Analytical Observation

The divergence between rising waste generation and declining recycling volumes warrants attention. While total waste increased by approximately 4,626 metric tonnes year-on-year, recycled waste fell by 5,427 metric tonnes. This suggests a shift in waste composition towards materials less amenable to current recycling processes, potentially impacting future sustainability costs despite stable overall waste intensity per rupee of turnover.