KIC Metaliks shareholders approved the company’s audited financial statements for the fiscal year ended March 31, 2026, along with several key governance and transactional resolutions at its 39th Annual General Meeting held on August 25, 2026.

The meeting, conducted via video conferencing and other audio-visual means (VC/OAVM) as mandated by the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, saw approval for director appointments, remuneration revisions, and a material related-party transaction. A total of 59 members attended the meeting, which commenced at 11:30 am and concluded at 1:08 pm (IST).

Governance and Director Appointments

The board secured shareholder approval for the following personnel changes and confirmations:

• Reappointment of Mr. Mukesh Bengani as Director, replacing his tenure which ended by rotation.
• Reappointment of Mrs. Ishita Bose as an Independent Director for a second term of five years.
• Revision in the remuneration package for Mr. Mukesh Bengani, who serves as Executive Director (Finance) and Chief Financial Officer.

Strategic Transactions and Compliance

Shareholders also approved a material related-party transaction between KIC Metaliks Limited and Bengal Energy Limited. Additionally, the meeting ratified the remuneration of the Cost Auditors for the fiscal year 2026-27.

The voting results, prepared in accordance with Regulation 44(3) of the SEBI LODR Regulations, will be submitted separately along with the Scrutinizer Report.

Directors in Attendance

The Company Secretary, Mrs. Ruchika Fogla, served as the Secretary of the meeting. The Chairman informed members that the AGM was held through video conferencing in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI.

KIC Metaliks Limited has convened its 39th Annual General Meeting (AGM) for Tuesday, August 25, 2026, at 11:30 am via Video Conferencing/Other Audio Visual Means. A central item on the agenda is the approval of material related-party transactions (RPTs) with Bengal Energy Limited (BEL), valued at up to ₹500 crore excluding taxes for FY27.

Related Party Transaction Approval

The Board seeks shareholder approval for continuous transactions with BEL, a fellow subsidiary under the common control of Thermic Steel Company Private Limited. Following an NCLT-sanctioned scheme of arrangement in August 2025, BEL became a related party. The proposed transactions involve the purchase and sale of raw materials such as coal, coke, sinter, steel scrap, and iron ore pellets, alongside auxiliary services.

This omnibus approval allows the company to conduct these business activities on an arm’s length basis throughout FY27. In the preceding financial year (FY26), total transactions with BEL amounted to ₹27,083.01 lakhs, comprising ₹5,205.37 lakhs in sales and ₹21,877.64 lakhs in purchases.

Board Re-Appointments and Remuneration

Shareholders will vote on the re-appointment of Mrs. Ishita Bose as an Independent Director for a second term of five years, effective from August 6, 2026, to August 5, 2031. Her appointment follows a positive performance evaluation by the Nomination and Remuneration Committee.

Mr. Mukesh Bengani, Executive Director (Finance) and CFO, retires by rotation and offers himself for re-appointment. Additionally, shareholders must pass a special resolution to revise his remuneration due to inadequate profits in FY26, as per Section 197 of the Companies Act, 2013. His revised monthly salary package totals ₹1,94,350, effective April 1, 2026.

Financial Context and Logistics

The AGM notice accompanies the Integrated Annual Report for FY26, during which the company returned to profitability with a net profit of ₹105.11 lakhs, reversing a loss of ₹609.36 lakhs in FY25. Revenue from operations grew 9.15% to ₹78,288.86 lakhs.

Key Dates:

• AGM Date: August 25, 2026
• Book Closure Period: August 19, 2026, to August 25, 2026
• E-Voting Cut-off: August 18, 2026
• Remote E-Voting Window: August 22, 2026 (9:00 am) to August 24, 2026 (5:00 pm)

The company has appointed M/s. B.G. Lahoti & Associates as the scrutinizer for the e-voting process. Members holding shares as on the cut-off date are eligible to cast votes remotely or during the virtual meeting.