KVS Castings Limited has announced two significant corporate developments following its board meeting held on March 06, 2025. The company has decided to relocate its registered office within the same city and has made a key leadership appointment as part of its organizational restructuring.

Board Meeting Outcome

The board meeting, which commenced at 2:30 p.m. and concluded at 5:30 p.m. on March 06, 2025, resulted in two major decisions. These announcements were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring all necessary disclosure requirements were fulfilled.

Registered Office Relocation

The board approved the shifting of the company's registered office within the same city to Village Baghelewala and Girdhiyai, Tehsil Kashipur, Distt- Udham Singh Nagar, Uttarakhand - 244713. This strategic relocation maintains the company's presence in Kashipur while optimizing its operational setup.

CEO Appointment

The company has promoted Mr. Sanjay Rajeshwar Agarwal to the position of Chief Executive Officer and Key Managerial Personnel. This appointment represents an internal promotion from his previous role as Vice President, Commercial of the company.

Professional Background

Mr. Agarwal brings substantial expertise to his new role with more than 39 years of experience across multiple sectors including metallurgy, foundries, automobile industry, and business management. His professional journey includes working with reputed groups in both India and China, providing him with valuable international exposure and diverse industry knowledge.

Company Operations

KVS Castings Limited, formerly known as KVS Castings Private Limited, operates multiple facilities in Uttarakhand. The company maintains its primary operations at B-25,29, Industrial Estate, Bazpur Road, Kashipur-244713, and has an additional facility at Village Girdhiyai, Aliganj Road, Kashipur-244713. The company secretary and compliance officer, Shweta Mehrotra, signed the official disclosure document on behalf of the company.

KVS Castings Limited has commenced commercial operations at its new Unit-2 manufacturing facility on March 2, 2026, marking a significant milestone in the company's expansion strategy. The new facility represents a major capacity enhancement that more than doubles the company's production capabilities.

Capacity Expansion Details

The company has achieved a substantial increase in its manufacturing capacity through the addition of the new facility:

The existing facility was operating at 76.20% capacity utilisation prior to the expansion, indicating strong demand for the company's products.

New Manufacturing Facility Specifications

The Unit-2 facility brings advanced manufacturing capabilities to the company's operations:

Strategic Alignment and Benefits

The capacity expansion aligns with the company's Initial Public Offer objective of capital expenditure towards purchase of plant and machineries. The investment and financing details follow the framework outlined in the company's IPO prospectus.

The expansion is expected to deliver multiple operational benefits:

• Enhanced production capacity to meet growing market demand
• Improved operational efficiencies through modern manufacturing setup
• Regional supply efficiency and logistics optimisation
• Strengthened manufacturing capabilities in cast iron and ductile iron segments
• Enhanced operating leverage through increased scale

Regulatory Compliance

KVS Castings Limited has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details about the capacity addition, facility specifications, and expected benefits to ensure full transparency with stakeholders.

The successful commencement of operations at Unit-2 positions KVS Castings Limited for enhanced market presence and improved ability to serve its customer base with increased production capabilities.