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Kalyani Steels Ltd, a part of Kalyani Group, is primarily engaged in the business of manufacture and sale of Iron and Steel Products.
Kalyani Steels received fines totaling `0.28 Cr` from NSE and BSE for non-compliance with board composition rules. The company has paid the fines and appointed new independent directors to address the issue.
Kalyani Steels shareholders approved the appointment of Ms. Vartika Shukla as an Independent Director. This 5-year term, effective June 24, 2026, passed with an overwhelming 99.96% vote via postal ballot, strengthening board governance.
Kalyani Steels has resumed manufacturing operations at its Koppal plant. Production is back online after prior closure orders were lifted, with the company fulfilling all stipulated conditions.
Kalyani Steels announced Independent Director Amb. Ahmad Javed has completed his second term, ceasing to be a director. This represents a governance change on the company's board.
Kalyani Steels' members approved Mr. Shishir Joshipura's appointment as an Independent Director for a four-year term. The resolution passed with 99.9960% of votes in favor, strengthening board governance.