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 has successfully completed its acquisition of 1,857,223 equity shares in Clean Renewable Energy KK 1A Private Limited for ₹51.9 crore, securing an 8.64% stake in the renewable energy company. The completion was announced through a regulatory filing on December 30, 2025, updating the company's earlier intimation from December 25, 2025.

Acquisition Completion Details

The steel manufacturer finalized the transaction through share subscription, acquiring equity shares of ₹10.00 each at a premium of ₹17.94 per share. This investment represents 8.64% of Clean Renewable's paid-up equity capital and forms part of Kalyani Steels' strategy to source power through captive renewable energy sources under the group captive scheme established by the Electricity Act, 2003.

Target Company Profile

Clean Renewable Energy KK 1A Private Limited, incorporated in September 2023, operates as a special purpose vehicle of Hero Rooftop Energy Private Limited. The New Delhi-registered company is engaged in electricity generation and has not generated revenue in the financial years 2023-24 and 2024-25. The acquisition does not constitute a related party transaction, with no promoter or group company interest in the target entity.

Strategic Benefits and Compliance

The completed investment enables Kalyani Steels to establish a captive renewable energy source, potentially reducing long-term power costs while supporting sustainability objectives. This strategic move reflects the growing trend among industrial companies to secure renewable energy supplies through direct investments in power generation assets.

The company disclosed the completion information to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring full regulatory compliance.