Announcement U/R 30 of SEBI LODR-Cessation due to completion of second ID Term

KSL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.4%1-day move

₹806.20

prior close

₹784.20

base price

In-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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AI summary

Mr. Shrikrishna K. Adivarekar has ceased to be an Independent Director of Kalyani Steels Limited with effect from May 18, 2026. His second term as Independent Director, which began on May 18, 2023 and was scheduled to end on May 17, 2026, has been completed. This is a routine, pre-scheduled cessation based on the completion of his approved five-year second term (originally approved at the 49th AGM held on August 1, 2022). No immediate replacement or succession plan has been disclosed in this filing.

Likely market impact

This is a standard end-of-term departure and not a cause for concern. The stock is unlikely to see any negative reaction as this was a planned completion of tenure. Investors should monitor for any subsequent appointment of a new Independent Director to fill the vacancy.