Care Ratings Reaffirms Kalyani Steels' Credit Ratings Across All Facilities

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.

Facility Type:	Rating	Status
Long Term Bank Facilities:	CARE AA- Stable	Reaffirmed
Short Term Bank Facilities:	CARE A1+	Reaffirmed
Commercial Paper:	CARE A1+	Reaffirmed

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.62%	+2.61%	-1.31%	-20.16%	-35.09%	+166.95%

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.

Parameter:	Details
Shares Acquired:	1,857,223 equity shares
Face Value:	₹10.00 per share
Premium:	₹17.94 per share
Total Investment:	₹51.9 crore
Stake Percentage:	8.64%
Transaction Status:	Completed

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.