Kalyani Investment Company Limited, a prominent player in the investment sector, held its 16th Annual General Meeting (AGM) on September 17, 2025, where shareholders approved significant appointments and reappointments.

Key Highlights

• Director Reappointment: Mr. Amit B. Kalyani was re-appointed as a Director liable to retire by rotation.
• New Secretarial Auditors: M/s SVD & Associates appointed for a five-year term.
• Voting Results: All resolutions passed with overwhelming majority.

Director Reappointment

Shareholders approved the re-appointment of Mr. Amit B. Kalyani (DIN 00089430) as a Director liable to retire by rotation. Mr. Kalyani, who currently serves as Vice-Chairman and Joint Managing Director of Bharat Forge Limited, brings a wealth of experience to the board.

Mr. Kalyani's career spans various sectors within the Kalyani Group, including specialty steel, hi-tech metallurgical manufacturing, automotive components, defense systems, infrastructure, and specialty chemicals. His expertise in finance, M&A, talent development, and growth strategy formulation is expected to continue benefiting the company.

It's worth noting that Mr. Amit B. Kalyani is married to Mrs. Deeksha A. Kalyani, who also serves as a Director of the company.

Appointment of Secretarial Auditors

The shareholders approved the appointment of M/s SVD & Associates as the company's Secretarial Auditors for a term of five years. The firm, based in Pune, brings nearly three decades of experience in corporate compliance and governance.

SVD & Associates, holding Firm Unique Code P2013MH031900 and Peer Review No.6357/2025, will serve from the conclusion of the 16th AGM until the 21st AGM in 2030. Their expertise is expected to enhance the company's corporate legal and advisory services.

Voting Results

The AGM, conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM), saw strong participation from shareholders. The voting results indicate overwhelming support for all resolutions:

Conclusion

The 16th AGM of Kalyani Investment Company Limited demonstrated strong shareholder engagement and support for the company's strategic decisions. The reappointment of Mr. Amit B. Kalyani and the appointment of experienced secretarial auditors signal the company's commitment to maintaining strong corporate governance and strategic growth.

Kalyani Investment Company Limited (KICL) has announced its financial results for the first quarter, revealing a mixed performance with increased revenue but decreased profitability.

Revenue Growth

The company reported a total income of ₹57.82 crore for Q1, marking a significant 20.00% increase from ₹48.08 crore in the same quarter last year. This growth was primarily driven by higher interest income from fixed deposits, which rose to ₹46.39 crore from ₹34.38 crore year-over-year.

Profit Decline

Despite the revenue growth, KICL experienced a substantial decline in profitability. The company's profit after tax (PAT) fell by 30.00% to ₹20.76 crore, compared to ₹29.69 crore in Q1 of the previous year. Consequently, earnings per share (EPS) dropped to ₹4.76 from ₹6.80 in the corresponding quarter.

Expense Surge

The primary factor contributing to the profit decline was a dramatic increase in total expenses, which surged to ₹27.92 crore from ₹7.91 crore in the same period last year. This surge was mainly attributed to a sharp rise in other expenses, which increased to ₹26.73 crore from ₹6.50 crore.

Investment Performance

As an investment holding company, KICL's performance is closely tied to its investment portfolio. The company reported a decrease in net gain on fair value changes, which fell to ₹11.43 crore from ₹13.70 crore in the previous year.

Consolidated Results

On a consolidated basis, KICL reported a loss of ₹31.81 crore, primarily due to a negative share of ₹70.25 crore from its associate company, Hikal Limited. This contrasts with a profit of ₹41.65 crore in the same quarter of the previous year.

Environmental Compliance Issue

The company noted ongoing investigations related to alleged environmental law non-compliance at its associate company, Hikal Limited. The matter is currently pending before the Supreme Court of India, which has stayed an order by the National Green Tribunal for recovery of compensation from Hikal Limited.

Corporate Governance Update

In a separate announcement, KICL informed that its Board of Directors has approved a revised Code of Conduct for Prohibition of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information. This revision is in accordance with SEBI (Prohibition of Insider Trading) (Amendment) Regulations.

As Kalyani Investment Company Limited navigates through these financial and regulatory developments, investors will be closely watching how the company manages its investment portfolio and addresses the challenges faced by its associate companies in the coming quarters.