Statement of Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026

KALYANI STEELS CIN-L27104MH1973PLC016350 KSL:SEC: August 7, 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. Statement of Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026 Please find enclosed herewith Statement of Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, duly approved and taken on record by the Board of Directors of the Company at their meeting held today i.e. on Friday, August 7, 2026. The 'Limited Review Reports' issued by M/s. Kirtane & Pandit LLP, Chartered Accountants, Pune, Auditors of the Company, with respect to the said results are also enclosed. The Board Meeting commenced at 11.30 a.m. and concluded at J ~ /4 0 P.. rn. Kindly take the aforesaid submissions on record. Thanking you, Yours faithfully, For KALYANI STEELS LIMITED MRS.D.R. PURANIK COMPANY SECRETARY E-mail : puranik@kalyanisteels.com Encl. : as above KALYANI GROUP COMPANY KALYANI STEELS LIMITED, CORPORATE BUILDING, 2ND FLOOR, MUNDHWA, PUNE 411 036, INDIA. PHONE: +91 20 66215000 KALY ANI STEELS LIMITED CIN : L27104MH1973PLC016350 Rcgd.Officc: Mundhwa, Punc 411 036. Phone : 020 66215000 , Fax : 020 26821124 KALYAN I Website : www.kalyanisteels.com, E-mail -investor@kalyanisteels.com STATEMENT OF UN-AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 ( ~ in Million)" Quarter Ended Year ended S No Particulars June March June March 31, 30,2026 31,2026 30,2025 2026 Unaudited Audited Unaudited Audited l Revenue from Operations 4,645.80 4,843.94 4,427.67 18,456.07 2 Other Income 149.41 139.79 142.71 564.40 3 Total Income (1+2) 4,795.21 4,983.73 4,570.38 19,020.47 4 Expenses (a) Cost of Raw Materials Consumed 2,395.79 2,533.92 2,259.91 9,594.58 ( b ) Purchases of stock-in-trade 38.57 108.76 83.25 583.91 ( c ) Manufacturing Expense ( See Note 3 ) 774.20 745.80 656.26 2,819.26 ( d) Changes in Inventories of finished goods, work-in progress and stock-in-trade 70.66 (84.20) 162.30 (7.22) ( e ) Employee benefit expense 240.55 197.32 222.09 867.60 ( f) Finance Costs 18.00 14.84 26.54 86.38 ( g ) Depreciation and amortisation expense 135.28 136.56 148.44 570.39 ( h ) Other Expenses 212.40 352.36 190.45 984.77 Total Expenses 3,885.45 4,005.36 3,749.24 15,499.67 5 Profit before exceptional items (3 -4) 909.76 978.37 821.14 3,520.80 6 Exceptional Items (11.92) (79.26) 7 Profit before tax (5 + 6) 909.76 966.45 821.14 3,441.54 8 Tax Expenses Current Tax 220.50 247.40 208.87 881.50 Deferred Tax 13.20 6.99 2.62 6.86 Taxation in respect of earlier years 1.81 1.81 Total Tax Expenses 233.70 256.20 211.49 890.17 9 Profit after tax (7 -8) 676.06 710.25 609.65 2,551.37 10 Other Comprehensive Income (a) Re-measurement of post employment benefit plans (2.29) 1.18 (3.25) (9.14) Tax on above 0.58 (0.30) 0.82 2.30 (b) Changes in fair value of equity instruments ( compulsorily (156.20) convertible debentures) Total Other Comprehensive Income, net of tax (1.71) 0.88 (2.43) (163.04) 11 Total Comprehensive Income ( 9+ I 0) 674.35 711.13 607.22 2,388.33 12 Paid-up Equity Share Capital (Face value { 5/-each, PY { 5/-each) 218.64 218.64 218.64 218.64 13 Other Equity 20,777.49 14 Earnings Per Share : ( of{ 5/-each ) Basic and diluted ( not annualised ) 15.49 16.27 13.97 58.45 Notes: The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on August 7, 2026. 2 The above results include the Company's propo1iionate share of income and expenditure in joint operation, namely Hospet Steels Limited. 3 Manufacturing expenses include stores and spares consumed, job work manufacturing charges, power and fuel, repairs etc. 4 The Company manufactures Forging and Engineering quality carbon and alloy steels which is a single segment in accordance with Ind AS 108 - "Operating segment" notified pursuant to Companies (Indian Accounting Standards) Rules, 2015. 5 The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS), the provisions.o f the Companies Act,2013 ( the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI). 6 On November 21, 2025, the Government of India notified the four Labour Codes -the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 -consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and estimated the incremental impact of these changes on the basis of information available, consistent with the guidance provided by the Institute of Chaiiered Accountants of India. Considering the materiality and non-recurring nature of this impact on employee benefits, the Company has accounted Rs.79.26 Million in the previous year as "Exceptional Items" in the statement of profit and loss account. The impact primarily arises due to change in wage definition. The Company continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Code and impact of these if any, will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified. 7 Previous quarter / year end figures have been regrouped and reclassified wherever necessary to make them comparable with current period. B The audited financial results in respect of fomih quarter are the balancing figures, between audited figures in respect of the full financial year and the figures published year to date upto third quaiier of the respective financial year. For KALYANI STEELS LIMITED R.K. Goyal Managing Director Date August 7, 2026 Place Pune KIRTANE p AND IT Chartered Accountants Pune I Mumbai I Nashik I Bengaluru I Hyderabad I New Delhi I Chennai Independent Auditor's Limited Review Report on unaudited standalone financial results of Kalyani Steels Limited for the quarter ended June 30, 2026 (Pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended) The Board of Directors Kalyani Steels Limited 1. We have reviewed the accompanying statement of unaudited standalone financial Results of Kalyani Steels Limited ("the Company") for the quarter ended June 30, 2026 ("the Statement"), attached herewith, (in which included are financial results of one joint operation) being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This Statement which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 ("the Act") as amended, read with relevant rules issued thereunder and other accounting principles generally ·accepted in India. Our responsibility is to express a conclusion on these statements based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A revie [Showing first 8,000 characters — download PDF for full document]