Kalyani Steels Limited has informed the Exchange that Board of Directors at its meeting held on May 08, 2026, recommended Final Dividend of Rs. 10 per equity share.
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On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250 and 4.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kalyani Steels board meeting on May 8, 2026 approved audited financial results for FY2025-26. Standalone revenue declined to Rs. 18,456 million from Rs. 19,819 million in prior year, though profit after tax improved slightly to Rs. 2,551 million from Rs. 2,530 million. EPS stands at Rs. 58.45. The board recommended a final dividend of Rs. 10 per equity share (200% on face value of Rs. 5), subject to shareholder approval at the 53rd AGM. Additionally, Mr. Shishir Joshipura was appointed as Independent Director for 4 years, and Mr. Bantu Upendra Kumar Patro was appointed as CFO effective May 9, 2026. The auditors issued an unmodified opinion on the financial statements.
The dividend of Rs. 10 per share signals the company's continued profitability and cash generation, though investors should note the year-on-year revenue decline in a challenging steel market environment.