Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015

Consent Order AcceptedRegulatory & Legal View source PDF Explain this filing

KSL · price

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

Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹735.40

prior close

₹733.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+0.1% vs market

Iron & Steel Products peers, median of 93sector-0.5%-0.6% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.6 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

+0.3

15m

-0.3

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.3+0.1-0.5-0.6

Next day

+2.2-1.1+3.2-0.7+2.9

+1.3-0.8+2.1-0.4+1.7

+1.2-1.9+3.1-0.6+1.7

-0.5-4.1+3.6-2.5+2.1

-3.9-6.6+2.7-5.5+1.6

-1.7-5.7+4.0-6.0+4.3

15d

-7.3-6.4-0.9-7.1-0.1

-11.1-9.9-1.2-10.0-1.1

+8.7+3.8+4.8+5.0+3.7

+13.3+8.9+4.4+4.7+8.6

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 93Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Kalyani Steels and its Company Secretary Mrs. D.R. Puranik received a Settlement Order from SEBI on February 23, 2026, in connection with settlement applications they had filed under SEBI's Settlement Proceedings Regulations, 2018. The alleged violations related to corporate governance norms under Regulation 23(2) and Regulation 6(2) of LODR Regulations and various earlier SEBI circulars concerning related party transactions and board composition. The company paid a settlement amount of ₹28,02,150 and the Company Secretary paid ₹9,55,000, totaling roughly ₹3.76 crore. The company has stated that, apart from these payments, there are no further implications for the company from the order.

Likely market impact

The matter has been resolved through SEBI's settlement mechanism rather than contested proceedings, meaning no admission of wrongdoing and no further punitive action. The financial impact is limited to the settlement amounts already paid, which are small relative to the company's size, so material damage to shareholder value is unlikely. However, the case highlights past lapses in corporate governance compliance, which investors may note.