Kalyani Steels Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 22, 2025
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Kalyani Steels has called its 52nd Annual General Meeting on Friday, August 22, 2025 at 11:00 a.m. IST, to be held via video conferencing (VC/OAVM). Shareholders will consider adoption of audited financial statements for FY ended March 31, 2025, declaration of a dividend on equity shares, and re-appointment of Mr. Amit B. Kalyani (rotational retirement). The AGM will also seek approval for re-appointment of Mrs. Sunita B. Kalyani as Director via special resolution, as she turns 75 in April 2026. Additionally, shareholders will vote on revising the remuneration of Managing Director Mr. R.K. Goyal for the period April 1, 2025 to January 16, 2026, and his re-appointment as MD for a fresh 5-year term (January 17, 2026 to January 16, 2031), requiring special resolution as he will cross 70 years during this term. Other items include appointment of M/s SVD & Associates as Secretarial Auditors for 5 years at Rs. 4.25 lakh (FY 2025-26) and approval of Rs. 5.50 lakh remuneration for Cost Auditors M/s S.R. Bhargave & Co. for FY 2025-26. The dividend record date is August 11, 2025, and payment is scheduled on or before September 2, 2025.
Shareholders eligible as on August 11, 2025 (record date) will receive the declared dividend, with TDS applicable at prescribed rates. The MD's revised basic salary of Rs. 31.05 lakh per month (in a grade of Rs. 30-65 lakh) plus allowances signals a significant pay revision, though no immediate share price impact is expected as the resolutions are largely procedural and governance-related.