Kalyani Steels Limited, a prominent player in the specialty steel industry, held its 52nd Annual General Meeting (AGM) on August 22, 2025, where shareholders approved several significant appointments and remuneration changes. The meeting, conducted through video conferencing, saw the company making strategic decisions to strengthen its leadership and governance structure.

Key Appointments and Re-appointments

The shareholders approved the following appointments and re-appointments:

• Re-appointment of Mr. Amit B. Kalyani as a director liable to retire by rotation. Mr. Kalyani, who serves as Vice-Chairman and Joint Managing Director of Bharat Forge Limited, brings extensive experience in strategic planning, finance, and business diversification to the Kalyani Steels board.

• Re-appointment of Mrs. Sunita B. Kalyani as a director liable to retire by rotation. Her involvement in the company's CSR activities and charitable foundations underscores the company's commitment to social responsibility.

• Re-appointment of Mr. R.K. Goyal as Managing Director for a five-year term, from January 17, 2026, to January 16, 2031. Mr. Goyal, an engineering graduate with over 42 years of experience in the specialty steel industry, has been instrumental in developing the company's business since joining as Managing Director in 2011.

Remuneration Changes and Auditor Appointment

The AGM also approved:

• Revised remuneration terms for Mr. R.K. Goyal, reflecting the company's recognition of his leadership.
• Appointment of M/s SVD & Associates, a reputed firm of Company Secretaries, as Secretarial Auditors for a five-year term, enhancing the company's corporate governance practices.

Financial Performance and Dividend

The meeting agenda included:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025.
• Approval of a dividend on equity shares for the same financial year, indicating a positive financial performance.

Focus on Sustainability and Green Steel

Mr. Goyal's re-appointment highlights Kalyani Steels' increasing focus on sustainability. Under his guidance, the company has been moving towards net-zero emissions, with initiatives like the launch of India's first green steel brands:

• KALYANI FeRRESTA™ - Ultra-low GHG emission intensity
• KALYANI FeRRESTA PLUS - Net-zero GHG emission intensity

Corporate Governance and Compliance

The company emphasized its commitment to strong corporate governance by confirming that none of the re-appointed directors have been debarred from holding directorship positions by SEBI or any other authority.

Kalyani Steels' 52nd AGM reflects the company's strategic focus on leadership continuity, sustainability, and corporate governance. With these key appointments and initiatives, the company appears well-positioned to navigate the evolving challenges and opportunities in the specialty steel sector.

Kalyani Steels Limited , a prominent player in the forging and engineering quality carbon and alloy steels sector, has announced its financial results for the first quarter, showcasing a mixed performance with improved profitability despite a slight decline in revenue.

Revenue and Profitability

For the quarter, Kalyani Steels reported a revenue of ₹4,427.67 crore, marking a 4.1% decrease from ₹4,614.64 crore in the corresponding quarter of the previous year. However, the company demonstrated strong profit growth, with net profit rising to ₹609.65 crore, up 18.2% from ₹515.74 crore year-over-year.

Operational Performance

The company's operational efficiency improved significantly, as evidenced by the increase in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). EBITDA for the quarter stood at ₹853.00 crore, up from ₹792.00 crore in the same period last year. Notably, the EBITDA margin expanded to 19.26% from 17.16%, indicating enhanced operational efficiency.

Cost Management

Kalyani Steels' focus on cost optimization was evident in the financial results. The cost of raw materials consumed decreased to ₹2,259.91 crore from ₹2,425.52 crore in the previous year's quarter. Additionally, other expenses were reduced to ₹190.45 crore from ₹282.14 crore, contributing to the improved profitability.

Financial Position

The company maintained a strong financial position, with a robust balance sheet. The earnings per share (EPS) for the quarter increased to ₹13.97, compared to ₹11.81 in the corresponding quarter of the previous year, reflecting the company's improved profitability.

Key Financial Highlights

Kalyani Steels' ability to enhance profitability despite a slight dip in revenue demonstrates the company's resilience and effective management strategies in a competitive market environment. The focus on operational efficiency and cost management has clearly yielded positive results, setting a strong foundation for the company in the dynamic steel industry.