KIC Metaliks has shut down its Durgapur plant effective September 9, 2026, to perform rectification work on the Blast Furnace and its accessories.

The company notified the BSE of the operational pause under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shutdown is necessary to address technical issues within the furnace infrastructure.

Operational Impact

The suspension affects production at the facility located in Raturia, Angadpur, Durgapur. Management stated that the furnace will restart only after the rectification jobs are completed. The timeline for resumption depends on the duration of these repairs.

Next Steps

KIC Metaliks will communicate the restart date to the stock exchange immediately upon completion of the work. No specific date for the resumption of operations was provided in the filing. The Company Secretary, Ruchika Fogla, signed the disclosure dated September 10, 2026.

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.