Meeting Details

The 39th Annual General Meeting of K I C Metaliks Limited will be held on Tuesday, August 25, 2026 at 11:30 A.M. (IST) through Video Conferencing / Other Audio Visual Means (OAVM). The deemed venue is the Registered Office at Om Tower, 32, J. L. Nehru Road, 3rd Floor, Room No. 304, Kolkata 700 071, West Bengal, India.

Ordinary Business Items

Item 1: Adoption of Financial Statements

To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Board of Directors and Auditors thereon.

Item 2: Re-appointment of Director

To appoint Mr. Mukesh Bengani (DIN: 08892916) who retires by rotation and being eligible offers himself for re-appointment as an Ordinary Resolution.

Special Business Items

Item 3: Re-appointment of Independent Director

Re-appointment of Mrs. Ishita Bose (DIN: 01088890) as an Independent Director for the second term of 5 years from August 6, 2026 to August 5, 2031 as a Special Resolution. She was initially appointed at the 34th AGM held on September 24, 2021, for a term from August 6, 2021 to August 5, 2026.

Item 4: Revision in Remuneration of CFO

Revision in remuneration of Mr. Mukesh Bengani (DIN: 08892916), Executive Director (Finance) and Chief Financial Officer of the Company, with effect from April 1, 2026 as a Special Resolution. The revised monthly remuneration structure:

  • Basic Salary: ₹98,125 per month
  • H.R.A: ₹49,063 per month
  • Other allowance: ₹27,537 per month
  • Bonus: ₹19,625 per month
  • Total: ₹1,94,350 per month
  • Leave Travel Allowance as per Company rules
  • Gratuity as per Company rules

Total remuneration in any financial year shall not exceed 5% of the net profits of the Company. The appointment may be terminated by either party by giving three months' notice or salary in lieu thereof.

Item 5: Material Related Party Transaction

Approval of Material Related Party Transaction between K I C Metaliks Limited and Bengal Energy Limited for FY 2026-27 (April 1, 2026 to March 31, 2027) as an Ordinary Resolution. Maximum aggregate value not to exceed ₹500 crores (excluding all applicable taxes) for sale, purchase, or supply of goods or materials and other transactions.

BEL became a fellow subsidiary and related party pursuant to Scheme of Arrangement sanctioned by NCLT, Kolkata Bench vide Order dated August 1, 2025. Transactions include selling raw materials (sinter, coke, coal, fluxes), purchasing raw materials (steel scrap, iron ore pellet), and availing auxiliary services.

Item 6: Ratification of Cost Auditor Remuneration

Ratification of remuneration of ₹40,000/- plus applicable taxes and out-of-pocket expenses payable to M/s. Patangi & Co., Cost Accountants (Firm Registration No. 101919) for auditing cost records for FY 2026-27 as an Ordinary Resolution.

Financial Performance Reference

Unaudited figures for quarter ended December 31, 2025:

  • Revenue: ₹20,143.93 lakhs
  • Other income: ₹17.04 lakhs
  • Total income: ₹20,160.97 lakhs
  • Total Expense: ₹20,057.95 lakhs
  • Profit before Finance Cost and tax: ₹343.68 lakhs
  • Finance Cost: ₹240.66 lakhs
  • Profit before Tax: ₹103.02 lakhs
  • Tax Expense: ₹34.05 lakhs
  • Profit for the period: ₹68.97 lakhs

Audited figures for quarter ended March 31, 2026:

  • Revenue: ₹24,702.82 lakhs
  • Other income: ₹72.02 lakhs
  • Total income: ₹24,774.84 lakhs
  • Total Expense: ₹24,549.14 lakhs
  • Profit before Finance Cost and tax: ₹458.03 lakhs
  • Finance Cost: ₹232.33 lakhs
  • Profit before Tax: ₹225.70 lakhs
  • Tax Expense: ₹82.22 lakhs
  • Profit for the period: ₹143.48 lakhs

Record Date and Share Transfer

The Register of members and Share Transfer Register will remain closed from Wednesday, August 19, 2026 to Tuesday, August 25, 2026 (both days inclusive). The cut-off date for determining members entitled to vote is Tuesday, August 18, 2026.

E-Voting Details

Remote e-voting period commences on Saturday, August 22, 2026 at 9:00 a.m. (IST) and ends on Monday, August 24, 2026 at 5:00 p.m. (IST). The Company has appointed Mr. B.G. Lahoti (Membership No. F11924) as Scrutinizer.

Additional Information

The Notice is being sent along with the Integrated Annual Report of the Company for Financial Year 2025-26. Members can request hard copy of the Integrated Annual Report upon request.