KSLNSEKalyani Steels Limited· Steel And Steel ProductsMediumNeutral
Announced Fri, 8 May · 15:28 IST

Kalyani Steels Limited has informed the Exchange regarding Appointment of Mr.Shishir Joshipura as Independent Director of the company w.e.f. May 08, 2026.

Management Changes View source PDF

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AI summary

Kalyani Steels reported FY2025-26 standalone revenue of Rs.18,456 million, down 6.9% from Rs.19,819 million in FY25, though profit after tax increased to Rs.2,551 million from Rs.2,530 million. Earnings per share rose to Rs.58.45 from Rs.57.96. The board recommended a dividend of Rs.10 per share (200% on Rs.5 face value). Two key appointments were approved: Mr. Shishir Joshipura as Additional Independent Director for a 4-year term (subject to shareholder approval), and Mr. Bantu Upendra Kumar Patro as CFO effective May 9, 2026. The auditor gave an unmodified opinion on the financial statements.

Likely market impact

The steady profit growth despite lower revenue reflects improved operational efficiency. The dividend recommendation signals financial health and rewards shareholders. The new appointments strengthen the board and finance leadership.