Announcement U/R 30 of SEBI LODR-Cessation due to completion of second ID Term
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Mr. Shrikrishna K. Adivarekar has ceased to be an Independent Director of Kalyani Steels Ltd with effect from May 18, 2026. His second term of office, which was for 5 consecutive years from May 18, 2023 to May 17, 2026, was approved by shareholders at the 49th Annual General Meeting held on August 1, 2022. The cessation is due to natural completion of his term and not due to any resignation or removal. The company has disclosed this pursuant to Regulation 30 of SEBI LODR Regulations.
This is a routine governance update reflecting the natural expiry of an independent director's fixed term. It does not indicate any governance concerns or sudden board disruption. Shareholders should note the board composition may change as the company seeks to appoint a new independent director.