Outcome of Board Meeting

KALYANI STEELS CIN-L27104MH1973PLC016350 KSL:SEC: October 28, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Sandra Kurla Complex, Sandra (E) Fort, Mumbai - 400 001 Mumbai - 400 051 Scrip Code : 500235 Scrip Symbol : KSL Dear Sir, Sub. Outcome of the Board Meeting held on October 28, 2026 Ref Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") This is to inform you that the Board of Directors of the Company, in their Meeting held today i.e. on Wednesday, October 28, 2026 have discussed and approved the following: 1) Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026 Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026, duly approved and taken on record by the Board of Directors of the Company along with Auditor's Report (with Un-modified opinion) are enclosed herewith as Annexure - A. 2) Resignation of Mr.B.N. Kalyani as the Chairman and Non-Executive Non-Independent Director Mr.8.N. Kalyani, Promoter and Chairman of the Company since Company's incorporation in 1973, tendered his resignation as the Chairman of the Board of Directors and also as Non-Executive Non-Independent Director of the Company with effect from close of business hours on October 28, 2026. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors have approved the said resignation. Copy of the resignation letter is enclosed herewith as Annexure - B. The details required under Regulation 30 of the Listing Regulations read along with SEBI Master Circular No.HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026 are annexed herewith as Annexure - C. 3) Appointment of Mr.B.N. Kalyani, as the Chairman Emeritus Mr.8.N. Kalyani has made a huge contribution to the success and growth of the Company over five decades. Considering his deep understanding of steel, forging, automotive and engineering industry and to continue to benefit from his experience and expertise from time to time in an advisory role, the Board of Directors based on recommendation of the Nomination and Remuneration Committee has approved the appointment of Mr.B.N. Kalyani, as Chairman Emeritus with effect from October 29, 2026. ,:, -' --..'~..· .__' ~ ii( {: -l KALYANI GROUP COMPANY 11- Q _ \..\ 9'. KALYANI STEELS LIMITED, CORPORATE BUILDING, 2ND FLOOR, MUND ,lie" 411036, INDIA. PHONE: +91 20 66215000 KALYAN I STEELS CIN-L27104MH1973PLC016350 4) Appointment of Mr.Amit B. Kalyani as the Chairman of the Board of Directors The Board of Directors based on recommendation of the Nomination and Remuneration Committee has approved the appointment of Mr.Amit B. Kalyani as Chairman of the Board of Directors with effect from October 29, 2026. Mr.Amit B. Kalyani has been closely associated with the Kalyani Group's businesses for over 25 years, and as Vice Chairman and Joint Managing Director of Bharat Forge Limited, he has led the Group's expansion into aerospace, defence, electric mobility and advanced materials. He brings in a deep understanding of technology-led manufacturing, global markets and the strategic needs of Kalyani Steels' principal customers. The details required under Regulation 30 of the Listing Regulations read along with SEBI Master Circular No.HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026 are annexed herewith as Annexure - D. 5) Appointment of Senior Management Personnel - Ms.Geeta Shamrao Jadhav as Chief Human Resource Officer (CHRO) Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors have approved the appointment of Ms.Geeta Shamrao Jadhav as Chief Human Resource Officer (CHRO) of the Company with effect from October 28, 2026. The details required under Regulation 30 of the Listing Regulations read along with SEBI Master Circular No.HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated January 30, 2026 are annexed herewith as Annexure - E. The Board Meeting commenced at 11.45 a.m. and concluded at -o "O p.m. Kindly take the aforesaid submissions on record. Thanking you, Yours faithfully, For KALYANI STEELS LIMITED _--~ ~~ J;p (_ ~i f:f'"· COMPANY SECRETARY E-mail : puranik@kalyanisteels.com ' Encl. : as above KALYANI GROUP COMPANY KALYANI STEELS LIMITED, CORPORATE BUILDING, 2ND FLOOR, MUNDHWA, PUNE 411036, INDIA. PHONE: +91 20 66215000 KALYANI STEELS LIMITED CIN: L27104MHl973PLC0I6350 Rcgd.Office: Mundhwn, Pune 411 036. Phone: 020 66215000, Fax: 020 26821124 KALYANI Website : www.kalyanisteels.com, E-mail• investor@kalyanistcels.com STATEMENT OF UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 I f in Million) Quarter Ended Half Year Ended Year ended S No Particulars September June September September 30, Septembe1· 30, Mm-ch 31, 30, 2026 30, 2026 30, 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Revenue from Operations 4,943.81 4,645.80 4,560.69 9,589.61 8,988.36 18,456.07 2 Other Income 161.01 149.41 141.95 310.42 284.66 564.40 3 Total Income (1+2) 5 104.82 4 795.21 4 702.64 9 900.03 9,273.02 19,020.47 4 Expenses (a) Cost of Raw Materials Consumed 2,623.63 2,395.79 2,377.58 5,019.42 4,637.49 9,594.58 ( b) Purchases of stock-in-trade 1.14 38.57 286.02 39.71 369.27 583.91 ( c ) Manufacturing Expense ( See Note 3 ) 821.88 774.20 673.30 1,596.08 1,329.56 2,819.26 ( d) Changes in Inventories of finished goods, work-in- (42.89) 70.66 (55.12) 27.77 107.18 (7.22) progress and stock-in-trade ( e ) Employee benefit expense 232.67 240.55 220.09 473.22 442.18 867.60 ( f) Finance Costs 19.93 18.00 20.25 37.93 46.79 86.38 ( g ) Depreciation and amortisation expense 138.00 135.28 148.21 273.28 296.65 570.39 ( h ) Other Expenses 235.39 212.40 204.68 447.79 395.13 984.77 Total Expenses 4,029.75 3 885.45 3 875.01 7,915.20 7 624.25 15,499.67 l Profit before exceptional items (3 • 4) 1,075.07 909.76 827.63 1,984.83 1,648.77 3,520.80 6 ExceJ)tional Items . . (79.26) 7 Profit before tax (5 + 6) 1,075.07 909.76 827.63 1,984.83 1,648.77 3,441.54 8 Tax Expenses Current Tax 277.00 220.50 209.13 497.50 418.00 881.50 Deferred Ta.x 5.90 13.20 0.29 19.10 2.91 6.86 Taxation in respect ofe arlier years . . . . . 1.81 Total Tax Expenses 282.90 233.70 209.42 516.60 420.91 890.17 9 Profit after tax (7 -8) 792.17 676.06 618.21 1,468.23 1,227.86 2,551.37 10 Other Comprehensive Income (a) Re-measurement of post employment benefit plans (2.29) (2.29) (9.53) (4.57) (12.78) (9.14) Tax on above 0.58 0.58 2.40 1.15 3.22 2.30 (b) Changes in fair value of equity instruments (compulsorily . (131.69) . (131.69) (156.20) convertible debentures) Total Other Comprehensive Income, net of tax (1.71) (J.71) /138.82\ 13.42\ 1141.25\ (163.04) II Total Comprehensive Income ( 9+ I 0) 790.46 674.35 479.39 1,464.81 1,086.61 2,388.33 12 Paid-up Equity Share Capital (Face value'{ 5/-each, PY'{ 5/-each ) 218.64 218.64 218.64 218.64 218.64 218.64 13 Other Equity 20,777.49 14 Earnings Per Share : ( on 5/-each ) Basic and diluted ( not annualised ) 18.15 15.49 14.16 33.63 28.13 58.45 Notes to the Financial Results: Statement of Standalone Assets and Liabilities As at September As at March Sr. Particulars 30,2026 31,2026 Unaudited Audited A Assets: Non Current assets : (a) Property, plant and equipment 7,017.89 6,267.43 (b) Capital work-in-progress 5,031.74 5,597.95 (c ) Intangible assets 2.49 3.22 (d ) Investments in subsidiary and associate ( d) Financial assets i) Equity investments held in subsidiary and associate 1,321.32 1,321.32 ii) Investments 111.52 110.07 iii) Other financial assets 1,156.98 313.50 (e) Income tax assets (net) 7.07 7.07 (f) Other non-current assets 583.67 570.18 Sub total -Non-current assets 15,232.68 14,190.74 Current assets : ( a) Inventories 2,353.56 2,008.57 (b) Financial assets i) Trade receivables 4,922.74 4,963.39 [Showing first 8,000 characters — download PDF for full document]