KIOCL Limited has announced the completion of tenure of Shri Changdev Sukhadev Kamble as Independent Director on its Board of Directors. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to major stock exchanges including NSE, BSE, and Metropolitan Stock Exchange of India Limited.

Director Tenure Details

Shri Changdev Sukhadev Kamble (DIN: 09351638) served as Independent Director for a period of one year, with his tenure concluding on April 15, 2026. His reappointment was effective from April 15, 2025, pursuant to the Ministry of Steel's Order No. 1/1/2025-BLA dated April 15, 2025.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by providing detailed information about the directorial change. The announcement was made through proper channels to all relevant stock exchanges where KIOCL shares are listed. Company Secretary & Compliance Officer Clifton Siddharth signed the disclosure document on April 16, 2026.

Government Appointment Process

As a Government of India enterprise, KIOCL's board appointments are governed by the Ministry of Steel. The company has confirmed that it has not received any communication from the Government of India regarding the appointment of any new Independent Director to replace Shri Kamble. The Ministry of Steel's original appointment order was issued under the powers conferred by the Articles of Association of KIOCL Limited.

Company Information

KIOCL Limited operates as a Government of India enterprise with its registered office located at 11 Block, Koramangala, Bengaluru - 560 034. The company maintains ISO 9001, 14001 and OHSAS 18001 certifications, reflecting its commitment to quality, environmental, and occupational health and safety management systems.

KIOCL Limited, a Government of India enterprise, announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company demonstrated a remarkable turnaround in Q3 FY26, posting a net profit after experiencing losses in previous quarters.

Financial Performance Overview

The company's financial performance showed significant improvement in the third quarter of FY26:

Segment-wise Performance

The company operates through multiple business segments with varying performance levels:

Revenue Breakdown

Segment Results

Nine-Month Performance

For the nine-month period ending December 31, 2025, KIOCL reported mixed results:

Operational Highlights

The company's operational performance reflected challenges in core manufacturing segments while service operations provided significant support. Key operational aspects include:

• Manufacturing Operations: Both Pellet Plant and Pig Iron Plant segments reported operational losses
• Service Revenue: Strong performance in service operations contributed ₹159.55 crores to quarterly revenue
• Treasury Operations: Generated positive returns of ₹13.42 crores in Q3 FY26

Corporate Governance and Compliance

The Board of Directors approved these financial results at their meeting held on February 12, 2026. The meeting commenced at 1:00 PM IST and concluded at 4:30 PM IST. Notably, the company currently operates without an Audit Committee due to the absence of independent directors, as their appointment falls under the Government of India's purview.

Key Financial Ratios

The company's balance sheet showed total assets of ₹2,275.77 crores and total liabilities of ₹598.00 crores as of December 31, 2025. The financial results demonstrate KIOCL's ability to achieve profitability despite operational challenges in its core manufacturing segments, primarily supported by strong service revenue performance.