Kalyani Steels Limited has completed the acquisition of remaining equity shares in DGM Realities Private Limited, making it a wholly owned subsidiary. The company purchased 10,000 equity shares from KSMS Technologies Solutions Private Limited at ₹172.00 per share, totaling ₹1.72 million, as announced on January 13, 2026.

Acquisition Details

The transaction increases Kalyani Steels' shareholding in DGM Realities from 99.92% to 100%. Following the acquisition, the company now holds 13,206,000 equity shares of ₹10.00 each, representing complete ownership of the subsidiary.

About DGM Realities

DGM Realities Private Limited operates in the real estate sector and has been part of the Kalyani Group since its incorporation on January 12, 2010. The company is engaged in purchasing land and buildings for development or resale, managing construction projects, and providing project management and maintenance activities.

Strategic Rationale

The acquisition aligns with Kalyani Steels' strategic objectives, particularly regarding DGM's ownership of a 25-acre land parcel near the Bengaluru-Mysuru Highway Corridor. The company plans to utilize this property for:

• Marketing network expansion
• Business development activities
• Service center operations
• Distribution center establishment

Related Party Transaction

The transaction constitutes a related party transaction as DGM Realities and KSMS Technologies Solutions Private Limited are related parties under common control of the promoter and promoter group. The company confirmed that the share purchase was conducted on an arm's length basis, ensuring fair valuation and compliance with regulatory requirements.

Regulatory Compliance

The acquisition was completed without requiring governmental or regulatory approvals. Kalyani Steels has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive details about the transaction to stock exchanges.

Kalyani Steels Limited has received reaffirmation of its credit ratings from Care Ratings Limited on December 26, 2025. The company informed stock exchanges about this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

Care Ratings Limited has reaffirmed all existing ratings for Kalyani Steels Limited across different financial instruments. The rating reaffirmation covers the company's comprehensive financing structure including bank facilities and commercial paper programs.

Regulatory Compliance

The company has fulfilled its disclosure obligations by notifying both major stock exchanges about the rating reaffirmation. Kalyani Steels Limited trades on BSE Limited under scrip code 500235 and on National Stock Exchange of India Limited under the symbol KSL.

Significance of Rating Reaffirmation

The reaffirmation of credit ratings across all categories indicates Care Ratings' continued confidence in Kalyani Steels Limited's financial position and creditworthiness. The stable outlook on long-term facilities suggests the rating agency expects the company to maintain its current credit profile in the near term.

The communication was signed by Mrs. D.R. Puranik, Company Secretary, and sent to both stock exchanges as part of the company's regular disclosure practices. This rating update provides stakeholders with current information about the company's credit standing as assessed by the rating agency.