Kalyani Steels Limited has informed the Exchange regarding Appointment of Mr.Bantu Upendra Kumar Patro as Chief Financial Officer of the company w.e.f. May 09, 2026.
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Kalyani Steels Limited held its Board Meeting on May 8, 2026, approving multiple items. The company announced appointment of Mr. Bantu Upendra Kumar Patro as Chief Financial Officer effective May 9, 2026, succeeding Mr. B.M. Maheshwari who signed the declaration for Q4 results. Additionally, Mr. Shishir Joshipura was appointed as Additional Independent Director for 4 years. For FY26, standalone revenue was Rs. 18,456.07 million (down from Rs. 19,819.04 million in FY25), with profit after tax of Rs. 2,551.37 million. The Board recommended dividend of Rs. 10 per share (200%) for FY25-26. Finance costs reduced significantly to Rs. 86.38 million from Rs. 185.66 million YoY.
The CFO appointment is a routine KMP appointment with no immediate impact on operations. The company maintained profitability with EPS of Rs. 58.45 and declared dividend, which should provide shareholder stability.