KIC Metaliks shareholders approved the company’s audited financial statements for FY26 and several key governance resolutions at its 39th Annual General Meeting on August 25, 2026. The meeting concluded with unanimous support for all six agendas.

The AGM, conducted via video conferencing (VC/OAVM), saw the reappointment of directors, remuneration revisions, and approval of a material related-party transaction. A total of 75 voters cast 2,84,14,999 valid votes through remote e-voting facilitated by NSDL. The e-voting window remained open from August 22 to August 24, 2026. Out of 5,928 shareholders on the record date (August 18, 2026), the total voting participation stood at 80.05% of outstanding shares.

Governance and Director Appointments

Shareholders approved the following personnel changes:

• 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

The meeting approved a material related-party transaction between KIC Metaliks Limited and Bengal Energy Limited. Additionally, shareholders ratified the remuneration of the Cost Auditors for FY26-27.

Voting Results Breakdown

All six resolutions were passed with requisite majority. Below are the voting details for key resolutions, highlighting promoter versus public shareholder participation:

Note: For the Bengal Energy transaction, promoter shareholders abstained from voting as required by related-party regulations, resulting in 100% support from eligible public voters.

Directors in Attendance

The Company Secretary, Mrs. Ruchika Fogla, served as the Secretary of the meeting. The Scrutinizer Report was submitted by Mr. B G Lahoti & Associates.

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.