Kalyani Steels Limited has disclosed the proceedings and results of a postal ballot conducted among its shareholders. The ballot sought approval for the appointment of Mr. Shishir Joshipura (DIN: 00574970, IDDB Registration No.: IDDB-DI-202503-072005) as an Independent Director of the company.

The Board of Directors initially approved this appointment at their meeting held on May 8, 2026. Subsequently, the company initiated a postal ballot process through electronic voting (e-Voting) only, in compliance with Section 110 read with Section 108 of the Companies Act, 2013, and relevant rules and circulars, including MCA Circulars and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Process Details

  • Scrutinizer Appointment: M/s. SVD & Associates, Company Secretaries, Pune, were appointed to scrutinize the e-Voting process. Mr. Sridhar Mudaliar (FCS 6156 COP 2664) or, in his absence, Mrs. Meenakshi Deshmukh (FCS 7364 COP 7893) were designated as the scrutinizers.
  • Notice Dispatch: The notice of the postal ballot, along with an explanatory statement, was dispatched electronically to members on Tuesday, May 19, 2026. The cut-off date for determining eligibility to vote was Friday, May 15, 2026.
  • Public Availability: The notice was made available on the company's website (www.kalyanisteels.com), the websites of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com), and the depository NSDL's website (www.evoting.nsdl.com).
  • Advertisement: A newspaper advertisement confirming the dispatch was published on May 20, 2026, in Business Standard (All Editions) and Loksatta (Pune).
  • Voting Period: The e-voting commenced at 9:00 AM IST on Friday, May 22, 2026, and concluded at 5:00 PM IST on Saturday, June 20, 2026.

Voting Result

The special resolution for the appointment of Mr. Shishir Joshipura as an Independent Director was passed with an overwhelming majority. The detailed results are as follows:

  • Votes in Favor: 34,261,492 shares (99.9960%)
  • Votes Against: 1,384 shares (0.0040%)

The resolution was declared passed by the Company Secretary, Mrs. Deepti R. Puranik, on June 22, 2026, based on the scrutinizer's report received on the same date. The results were subsequently intimated to the stock exchanges and uploaded on the company's and NSDL's websites.

Appointment Terms

As per the approved resolution, Mr. Shishir Joshipura is appointed as an Independent Director for a term of four (4) consecutive years, effective from May 8, 2026, to May 7, 2030. The appointment is made pursuant to Sections 149, 152, and other applicable provisions of the Companies Act, 2013, read with Schedule IV, the Companies (Appointment and Qualification of Directors) Rules, 2014, and Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.