Kalyani Steels Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 22, 2025
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Kalyani Steels Limited held its 52nd AGM on August 22, 2025 via video conferencing, where shareholders voted on 8 resolutions, all of which were passed. Key outcomes include: adoption of FY25 audited financial statements (99.98% in favour), declaration of dividend for FY ending March 31, 2025 (100% in favour), reappointment of Mr. Amit B. Kalyani as director retiring by rotation (99.88% in favour), and reappointment of Mrs. Sunita B. Kalyani as director (100% in favour). Voting participation was around 77.75-77.80% of outstanding shares. Resolutions relating to the reappointment of Managing Director Mr. R.K. Goyal and the revision of his remuneration saw notable dissent, with 6.57% of votes polled against (mainly from public institutions, where 44.49% voted against). Appointment of M/s SVD & Associates as Secretarial Auditors and approval of Cost Auditors' remuneration both passed with near-unanimous support.
Shareholders have approved a dividend for FY25 and all board reappointments, confirming continuity in leadership. However, the meaningful institutional dissent (~44% of public institution votes) against Managing Director R.K. Goyal's reappointment and remuneration revision may signal investor concerns on executive pay that retail investors should monitor.