Kalyani Steels Limited has informed the Exchange regarding Notice of Postal Ballot
KSL · price
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Kalyani Steels Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Shishir Joshipura as an Independent Director for a term of 4 years (May 8, 2026 to May 7, 2030). Mr. Joshipura was appointed as Additional Independent Director by the Board on May 8, 2026, based on the Nomination and Remuneration Committee's recommendation. He is a 64-year-old mechanical engineer from BITS Pilani with an Advanced Management Program from Harvard Business School. His career spans over 42 years, including serving as CEO and Managing Director of Praj Industries (2018-2025) and CEO of SKF India (2009-2018). He currently also serves as an Independent Director on the board of Kilburn Engineering Limited. The e-voting period runs from May 22, 2026 to June 20, 2026, and results will be announced by June 23, 2026.
This is a routine governance matter that strengthens the board with an experienced independent director. The appointment is expected to pass given board recommendation, with minimal direct impact on the stock price in the near term.