KEI Industries Limited has filed its annual regulatory disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, confirming compliance with shareholding requirements for the financial year ended March 31, 2026.

Regulatory Compliance Declaration

The company submitted the mandatory disclosure under Regulation 31(4) to both major stock exchanges on April 3, 2026. The filing confirms that the promoters and promoter group, along with persons acting in concert, have maintained clean shareholding without any encumbrance during FY26.

Stock Exchange Submissions

The disclosure was simultaneously submitted to BSE Limited and The National Stock Exchange of India Limited, ensuring compliance with listing requirements on both exchanges. The filing was signed by Company Secretary Kishore Kunal and authorized by promoter group representative Anil Gupta.

Promoter Group Confirmation

Anil Gupta, serving as the authorized signatory for the promoter and promoter group, confirmed that no encumbrance was created over shares held directly or indirectly during the specified financial year. This declaration provides transparency regarding promoter shareholding patterns and maintains regulatory compliance.

Corporate Information

KEI Industries operates from its registered office in New Delhi's Okhla Industrial Area and maintains manufacturing facilities across Bhiwadi, Chopanki, and Silvassa. The company holds technical collaboration agreements for manufacturing EHV cables and has received recognition including the Superbrands 2025 award.

KEI Industries Limited has received a 'CG 2+' corporate governance rating from CARE Analytics and Advisory Pvt Ltd, demonstrating the company's commitment to maintaining high governance standards. The rating was announced on March 30, 2026, in compliance with SEBI regulations.

Corporate Governance Rating Details

The comprehensive assessment by CARE Analytics and Advisory Pvt Ltd evaluated KEI Industries across multiple governance parameters. The rating reflects the company's adoption of corporate governance practices that provide stakeholders with a high level of comfort regarding governance standards.

Board Composition and Structure

KEI Industries maintains a well-balanced board structure with strong independent oversight. The Board comprises 8 Directors, including 3 Executive and 5 Non-Executive Directors, with 4 Independent Directors representing a 50% independence ratio. The board includes 2 Women Directors, representing 25% of the total composition.

Assessment Methodology and Criteria

The corporate governance evaluation was conducted through a structured six-step methodology, including high-level screening of publicly available information, engagement with company leadership, documentation review, and interaction with Independent Directors. The assessment covered seven key areas:

• Board Composition & Functioning: Evaluating board structure, meetings, and performance
• Organization Structure & MIS: Reviewing internal controls and risk management
• Shareholder Relationship: Assessing stakeholder engagement and grievance mechanisms
• Ownership Structure: Examining shareholder rights protection
• Disclosure & Transparency: Reviewing financial and non-financial disclosures
• Financial Prudence: Evaluating financial stability and reporting accuracy
• Statutory & Regulatory Compliance: Ensuring adherence to laws and regulations

Key Governance Strengths

The rating assessment highlighted several governance strengths across KEI Industries' operations. The company maintains comprehensive corporate policies covering areas from investor servicing to ESG frameworks. All Board committees, including Audit, Nomination & Remuneration, and Stakeholders Relationship Committees, operate with Independent Director leadership.

Financial and Risk Management:

• Zero debt-equity ratio with strong liquidity position
• Current ratio improved to 4.18 from 2.58
• Quarterly internal audits conducted by independent CA firm
• Structured risk governance framework with periodic HIRA exercises

Stakeholder Engagement:

• Four shareholder complaints resolved in FY24-25 with zero pending cases
• Comprehensive ESG reporting aligned with BRSR, GRI & IR frameworks
• Regular dividend governance with electronic payout mechanisms

Company Operations Overview

KEI Industries operates six state-of-the-art manufacturing facilities across Bhiwadi, Chopanki, Pathredi in Rajasthan, and Rakholi & Chinchpada in Dadra & Nagar Haveli and Daman & Diu. The company also maintains two backward-integration plants for PVC compound manufacturing. The Sanand Plant in Ahmedabad commenced Phase I commercial production for LT/HT Cables in December 2025.

The 'CG 2+' rating validates KEI Industries' governance framework and positions the company favorably among stakeholders seeking assurance on corporate governance practices. The rating remains valid for one year and reflects the company's ongoing commitment to maintaining high governance standards across all operational aspects.