Shri Kanha Stainless Limited has confirmed that the entire promoter holding of 1,06,88,000 equity shares, representing 68.59% of the company, remained unencumbered throughout the financial year ended March 31, 2026. This disclosure ensures that no shares held by the promoter group were pledged or used as collateral, directly or indirectly, during FY26. The information was submitted to the National Stock Exchange of India Limited on April 07, 2026.

The disclosure was made by Jai Bhagwan Agarwal, Promoter and Chairman & Managing Director, on behalf of the promoter and promoter group. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Arzoo Mantri, Company Secretary and Compliance Officer, forwarded the copy of the disclosure to the exchange.

Promoter and Promoter Group Holdings

The detailed list of promoters and the promoter group, along with their shareholding status as on March 31, 2026, is provided below:

Shri Kanha Stainless Limited has disclosed an extension of the timeline for the utilization of its unutilized IPO proceeds, with the new deadline set at March 31, 2027. The announcement was made pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to the National Stock Exchange of India Limited on May 08, 2026.

Board Approval and Regulatory Disclosure

The Board of Directors of the company approved the extension by way of a circular resolution passed on May 08, 2026. The disclosure was submitted to the Listing Department of the National Stock Exchange of India Limited in accordance with the applicable SEBI Listing Regulations. The key details of this development are summarized below:

Reason for Extension

The company has cited the following key reason for the delay in full utilization of the IPO proceeds:

• Ongoing global economic uncertainties and volatile market conditions, along with related factors, have contributed to the delay in deployment of funds.

Confirmation on Use of Proceeds

Shri Kanha Stainless has explicitly confirmed that there is no change in the objects of the issue. The company has assured that the IPO proceeds will continue to be utilized solely for the purposes as stated in the Issue Document. The disclosure was signed by Jai Bhagwan Agarwal, Chairman and Managing Director (DIN: 01575848), on May 08, 2026.

The company, which manufactures stainless steel strips, cold rolled coils, and circles, is headquartered at 401, Trimurty Prime Tower, Niwaru Road, Jhotwara, Jaipur – 302012.