Regulation 24(A) of SEBI LODR-Annual Secretarial Compliance Report for the year ended March 31, 2026

Kalyani Steels submitted its Annual Secretarial Compliance Report for FY ended March 31, 2026, certified by SVD & Associates. The company is largely compliant with SEBI regulations, though one deviation was noted: the board had an unfilled Independent Director vacancy from November 9, 2025 (end of a second term) until the financial year end, resulting in a composition imbalance under Regulation 17(1)(b)/17(1E) of SEBI LODR. Management stated they are in the process of identifying a suitable candidate. Additionally, the company received a SEBI Settlement Order dated February 23, 2026, related to a prior application filed June 3, 2024, concerning non-obtaining of prior audit committee approval for Related Party Transactions in earlier years, with settlement amount paid on February 12, 2026. A Promoter/Director of the company also faced demat account freezing due to non-compliance by BF Utilities Limited (a related party under common promoter control). No additional non-compliances were observed, and there were no statutory auditor resignations.