Kalyani Steels Limited has informed the Exchange regarding 'Annual Secretarial Compliance Report for the year ended March 31, 2025'.
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Kalyani Steels Limited has submitted its Annual Secretarial Compliance Report for FY2024-25 to BSE and NSE, as mandated under Regulation 24A of SEBI LODR Regulations. The report, certified by SVD & Associates (Company Secretaries, Pune), confirms the company was compliant with applicable SEBI regulations, circulars and secretarial standards during the review period, with no new deviations or fines reported. Two legacy items were disclosed: (1) a SEBI show cause notice dated May 16, 2024 on non-approval of material Related Party Transactions (RPTs) and delayed disclosure to stock exchanges for earlier years, for which the company filed a settlement application on May 29, 2024; and (2) a four-month suspension (July 26 to November 26, 2024) of the promoter's demat account for debits, triggered by non-compliance of Regulation 33 by BF Utilities Limited, a group company. No statutory auditor resigned during the year and the company has no material subsidiary.
This is a routine annual compliance filing with no fresh penalties, so near-term stock impact is limited. However, investors should track the outcome of the SEBI settlement application related to past RPT approvals and the residual reputational overhang from the group-level compliance issues.