Nature of the Event

Regulatory filing pursuant to SEBI Listing Regulations (Regulation 30) to intimate a notice of postal ballot seeking shareholder approval for the appointment of an Independent Director.

Key Quantitative Figures and Dates

  • Director Appointment Date: June 24, 2026 (by Board of Directors)
  • Proposed Director Term: 5 consecutive years, from June 24, 2026, to June 23, 2031
  • Cut-off Date for Member Eligibility: Friday, June 26, 2026
  • E-Voting Commencement: Friday, July 3, 2026, at 9:00 a.m. IST
  • E-Voting End: Saturday, August 1, 2026, at 5:00 p.m. IST
  • Result Declaration Date: On or before Tuesday, August 4, 2026

Parties Involved

  • Appointee: Ms. Vartika Shukla (DIN: 08777885, IDDB Registration No.: IDDB-DI-202606-093493)
  • Scrutinizer: Mr. Sridhar Mudaliar (FCS 6156 COP 2664) or Mrs. Meenakshi Deshmukh (FCS 7364 COP 7893) of M/s. SVD & Associates, Company Secretaries
  • E-Voting Service Provider: National Securities Depository Limited (NSDL)
  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
  • Registrar and Transfer Agent (RTA): MUFG Intime India Private Limited
  • Depositories: NSDL, Central Depository Services (India) Limited (CDSL)

Purpose and Rationale

The purpose is to seek member approval via a Special Resolution for the appointment of Ms. Vartika Shukla as an Independent Director. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee (NRC), appointed her subject to this approval. The rationale provided is that her experience, competencies, and expertise align with the company's strategic objectives and governance needs.

Financial and Capital Structure Impact

No direct financial impact, capital structure change, or cash flow implication is disclosed from this appointment. Ms. Shukla will be entitled to remuneration by way of sitting fees for board and committee meetings and a commission determined by the Board, subject to statutory limits.

Director Profile and Disclosures (Annexure A)

  • Name: Ms. Vartika Shukla
  • Background: Former Chairman & Managing Director of Engineers India Limited (EIL), ceased on March 1, 2026, on superannuation. 38-year career in EIL, focusing on engineering consultancy and project management.
  • Expertise: Corporate Strategy, Technology and Innovation, Risk Management, Mega Project Implementation, Corporate Governance.
  • Other Directorships: None in other listed companies currently.
  • Shareholding in Kalyani Steels: Nil as of June 24, 2026.
  • Relationships: Not related to any other directors, managers, or key managerial personnel of the company.
  • Declaration: The company has received her declaration of independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the Listing Regulations.

Voting Process Details

The notice is being sent only electronically to members whose email addresses are registered as of the cut-off date. Detailed instructions for e-voting for both demat and physical shareholders are provided, including login methods for NSDL and CDSL beneficiaries, helpdesk contacts, and a process for shareholders whose email IDs are not registered.