Kalyani Cast Tech Limited has issued a postal ballot notice seeking shareholder approval for its strategic expansion into the railway sector and appointment of an independent director. The company filed the notice under Regulation 30 of SEBI Listing Regulations on December 24, 2025.

Postal Ballot Details

The postal ballot process covers two key resolutions requiring special approval from shareholders. The voting will be conducted exclusively through remote e-voting facility provided by National Securities Depository Limited (NSDL).

Key Resolutions

Director Appointment

The first resolution seeks approval for appointing Mr. Satish Kumar (DIN: 11391853) as an Independent Director for five consecutive years effective from November 26, 2025 to November 25, 2030. Mr. Kumar holds a Bachelor's degree in Law and brings extensive expertise in corporate, commercial, and regulatory matters. He has been appointed as member of the Audit Committee and Nomination Remuneration Committee, and Chairman of Stakeholder Relationship Committee.

Railway Sector Expansion

The second resolution involves alteration of the Main Object Clause of the Memorandum of Association to include four new railway-focused business verticals:

Railway Rolling Stock Manufacturing: The company plans to engage in designing, testing, manufacturing, importing, and purchasing railway rolling stock including wagons, freight cars, passenger coaches, locomotives, and components.

Maintenance Services: Comprehensive maintenance services for railway rolling stock including intensive maintenance, routine overhauling (ROH), and periodical overhauling (POH) with modern facilities and technologies.

Freight Terminal Operations: Development and operation of private freight rail terminals, Gati Shakti Cargo Terminals, logistics parks, inland container depots (ICDs), and related infrastructure for end-to-end logistics solutions.

Container Train Services: Operation, management, and maintenance of container train services including procurement, leasing, or manufacturing of container rakes for containerized logistics solutions.

Voting Process

The postal ballot notice has been sent electronically to members whose email addresses are registered with the company or depositories. Members holding shares in demat mode can vote through their depository accounts with NSDL or CDSL. The company has appointed Mr. Ankur Singh (Membership No: A60761), Practicing Company Secretary, as the Scrutinizer to conduct the postal ballot process.

Strategic Rationale

According to the company's explanatory statement, the proposed alterations align with long-term strategic vision of growth, diversification, and expansion. The amendments aim to enable exploration of new business opportunities in the evolving railway transportation and logistics sector, providing greater operational flexibility and supporting future growth plans while strengthening overall business prospects for stakeholders.

Kalyani Cast Tech Limited , a leading manufacturer of specialized containers and railway equipment, has reported a strong financial performance for the first half of FY26, with significant growth in revenue and profit. The company also announced its expansion into wagon manufacturing, signaling a new phase of growth.

Financial Highlights

• Total income for H1 FY26 reached INR 94.24 crores, up 33% from INR 70.60 crores in the previous year.
• Profit increased by 19% to INR 9.5 crores.
• The company's order book stands at INR 140 crores.

Expansion into Wagon Manufacturing

Kalyani Cast Tech is expanding its operations with a new 144-acre facility in Gujarat's Kachchh region. This expansion includes:

1. Wagon manufacturing unit with an annual capacity of 7,500-7,800 units
2. Gati Shakti Rail Terminal
3. Steel foundry

The company aims to commence commercial wagon production from the second half of FY27.

Innovative Product Development

During the earnings call, Mr. Naresh Kumar, Chairman and Managing Director, highlighted several innovative developments:

• Stainless steel containers to reduce tare weight and increase payload
• Foldable containers for steel product transportation, reducing empty run costs
• Special wagon design for container transportation, approved by RDSO (Research Designs and Standards Organisation)

Future Outlook

Kalyani Cast Tech is positioning itself as a key player in India's logistics infrastructure development. The company's focus on specialized products and innovative solutions sets it apart from competitors in the standard container and wagon markets.

Mr. Kumar stated, "We are not in the rat race of normal wagons. We are into something very special, and we are doing very special kind of things."

The company expects to invest INR 170-200 crores in its expansion plans, utilizing a combination of debt and internal accruals.

Challenges and Opportunities

While the company faces challenges in terms of project timelines and approvals, its strategic location near multiple rail terminals and ports provides significant advantages for logistics and potential export opportunities.

As Kalyani Cast Tech continues to innovate and expand, it aims to contribute to reducing logistics costs in India and capitalize on the growing demand for specialized transportation solutions in the railway sector.