Annual Report for FY 2025-26

KALYANI STEELS C.I.N. : L27104MH1973PLC016350 KSL:SEC: July 29, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (E) Fort, Mumbai – 400 001 Mumbai – 400 051 Scrip Code : 500235 Scrip Symbol : KSL Dear Sir, Sub. : Notice of 53rd Annual General Meeting and Annual Report for FY 2025-26 Ref. : SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 34(1) of the Listing Regulations, please find enclosed herewith the Notice of 53rd Annual General Meeting of the Company scheduled to be held on Thursday, August 27, 2026 at 11.00 a.m. (I.S.T.) through Video Conferencing / Other Audio Visual Means (‘VC / OAVM’) and Annual Report for Financial Year 2025-26. The said Notice along with Annual Report, is being sent through electronic mode to those members whose e-mail addresses are registered with the Company / Registrar and transfer Agent (“RTA”) / Depository Participant(s) (“DPs”). Further, in accordance with Regulation 36(1)(b) of the Listing Regulations, a letter is being sent to those members whose e-mail addresses are not registered with the Company / RTA / DPs, providing a web-link from where Notice and Annual Report can be accessed on the web-site of the Company. Information at glance : Particulars Details Date and Time of AGM Thursday, August 27, 2026 at 11.00 a.m. (I.S.T.) Web-link for AGM Notice https://www.kalyanisteels.com/wp- content/uploads/Kalyani_Steels_Ltd_AGM_Notice_27_08_2026.pdf Web-link for Annual Report https://www.kalyanisteels.com/wp- content/uploads/KSL_Annual_Report_2025_26.pdf Web-link for participating at AGM https://www.evoting.nsdl.com/ through VC / OAVM Cut-off date for E-Voting Thursday, August 20, 2026 Remote E-Voting Start Date and Time Monday, August 24, 2026 at 9.00 a.m. (I.S.T.) Remote E-Voting End Date and Time Wednesday, August 26, 2026 at 5.00 p.m. (I.S.T.) Remote E-Voting website https://www.evoting.nsdl.com/ Kindly take the same on record. Thanking you, Yours faithfully, For KALYANI STEELS LIMITED MRS.D.R. PURANIK COMPANY SECRETARY E-mail : puranik@kalyanisteels.com Encl. : As above GROUP COMPANY KALYANI STEELS LIMITED, CORPORATE BUILDING, 2ND FLOOR, MUNDHWA, PUNE – 411036, INDIA PHONE : +91 20 6621 5000 E-mail : investor@kalyanisteels.com Website : www.kalyanisteels.com KALYANI STEELS LIMITED CIN : L27104MH1973PLC016350 Registered Office : Mundhwa, Pune 411 036 Phone No. : 020 - 66215000 Website : www.kalyanisteels.com E-mail : investor@kalyanisteels.com NOTICE NOTICE is hereby given that the FIFTY-THIRD Annual General Meeting of the Members of Kalyani Steels Limited will be held on Thursday, August 27, 2026, at 11.00 a.m. (I.S.T), through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) to transact the following business : ORDINARY BUSINESS 1. To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon. 2. To declare dividend on Equity Shares for the Financial Year ended March 31, 2026. 3. To appoint a Director in place of Mr.M.U. Takale (DIN 01291287), who retires by rotation and being eligible, offers himself for re-appointment. SPECIAL BUSINESS 4. Re-appointment of Mr.B.N. Kalyani as a Director of the Company To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution : “RESOLVED THAT pursuant to provisions of Section 149, 152 and other applicable provisions, if any, of the Companies Act, 2013 (“Act”) read with Companies (Appointment and Qualifications of Directors) Rules 2014 (‘Rules”) and Regulation 17(1A) and other applicable regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), approval of the members of the Company be and is hereby accorded, to the re-appointment of Mr.B.N. Kalyani (DIN 00089380) as a Director of the Company, liable to retire by rotation, who has attained the age of 75 (Seventy Five) years.’’ 5. Approval for Material Related Party Transactions with Bharat Forge Limited To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution : “RESOLVED THAT pursuant to Regulation 23 and Schedule XII of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) as amended from time to time and in accordance with the provisions of Section 188 and all other applicable provisions of the Companies Act, 2013 (“the Act”), if any and the rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) read with the Company’s Related Party Transactions Policy, approval of the Members be and is hereby accorded to the Company to carry on and / or enter into series of transaction(s) / contract(s) / arrangement(s) / agreement(s) or otherwise with Bharat Forge Limited, a related party within the meaning of Section 2(76) of the Act and Regulation 2(1)(zb) of the Listing Regulations, for the projected aggregate amount not exceeding ` 7,000 Million (Rupees Seven Thousand Million) for the Financial Year 2027-28 (i.e. from April 1, 2027 to March 31, 2028), on such terms and conditions as may be agreed to by the Board of Directors (hereinafter referred to as “the Board”), subject to such transaction(s) / contract(s) / arrangement(s) / agreement(s) being carried out in the ordinary course of business and at arm’s length. RESOLVED FURTHER THAT the Directors and Key Managerial Personnel of the Company be and are hereby severally authorized to do all such acts, deeds and things and to take all such steps as may be necessary, for the purpose of giving effect to this Resolution.” 6. Approval for Material Related Party Transactions with Kalyani Technoforge Limited To consider and if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution : “RESOLVED THAT pursuant to Regulation 23 and Schedule XII of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) as amended from time to time and in accordance with the provisions of Section 188 and all other applicable provisions of the Companies Act, 2013 (“the Act”), if any and the rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) read with the Company’s Related Party Transactions Policy, approval of the Members be and is hereby accorded to the Company to carry on and / or enter into series of transaction(s) / contract(s) / arrangement(s) / agreement(s) or otherwise with Kalyani Technoforge Limited, a related party within the meaning of Section 2(76) of the Act and Regulation 2(1)(zb) of the Listing Regulations, for the projected aggregate amount not exceeding ` 7,000 Million (Rupees Seven Thousand Million) for the Financial Year 2027-28 (i.e. from April 1, 2027 to March 31, 2028), on such terms and conditions as may be agreed to by the Board of Directors (hereinafter referred to as “the Board”), subject to such transaction(s) / contract(s) / arrangement(s) / agreement(s) being carried out in the ordinary course of business and at arm’s length. RESOLVED FURTHER THAT the Directors and Key Managerial Personnel of the Company be and are hereby severally authorized to do all such acts, deeds and things and to take all such steps as may be necessary, for the purpose of giving effect to this Resolution.” 7. Ratification of Remuneration of the Cost Auditors To consider and if thought fit, to pass with or without modification(s), [Showing first 8,000 characters — download PDF for full document]