About Kalyani Steels Limited

Kalyani Steels Limited (KSL), incorporated in 1973, is a Pune-based specialty steel manufacturer within the Kalyani Group, focused on forging and engineering quality carbon and alloy steels, pig iron, and foundry coke for automotive and engineering customers. KSL operates one manufacturing plant in India with five offices and no overseas plants, with all assets located in India as of March 31, 2025. The company’s principal products contributing over 90% of turnover are rolled products, as-cast blooms and rounds, pig iron, and foundry coke (NIC 24105/24103/24101/19101). International sales were Rs 13.97 crore in FY 2024-25, while total foreign exchange used was Rs 413.40 crore, indicating a predominantly domestic-focused operation. As of FY 2024-25, KSL had 93 permanent employees and maintained a standalone reporting boundary for BRSR.

KSL’s customer base includes large group and tier-1 clients; Bharat Forge Limited and Kalyani Technoforge Limited each contributed more than 10% of revenues in FY 2024-25 (Rs 516.15 crore and Rs 519.15 crore respectively). The company acquired DGM Realties Private Limited as a subsidiary on March 29, 2024; salient features for FY 2024-25 include share capital of Rs 2.98 crore, reserves of Rs 29.43 crore, assets of Rs 134.72 crore, liabilities of Rs 102.32 crore, nil turnover, and profit after tax of Rs 3.21 crore, with 99.66% ownership. KSL also holds stakes in Hospet Steels Limited (joint operation) and Kalyani Mukand Limited (associate), with significant influence based on share capital and consolidation decisions guided by materiality or temporary control.

Kalyani Steels Limited Business Segment

• Reportable segment: Forging and engineering quality carbon and alloy steels (single segment based on internal reporting).

• Total revenues from sales to customers outside India were Rs 13.97 crore (Rs 139.69 million) in FY 2024-25; all assets are in India.

Kalyani Steels Limited Key Management

• B.N. Kalyani — Chairman.

• R.K. Goyal — Managing Director.

• B.M. Maheshwari — Chief Financial Officer.

• Mrs. D.R. Puranik — Company Secretary.

• Amit B. Kalyani — Non-Executive, Non-Independent Director.

• Sunita B. Kalyani — Non-Executive, Non-Independent Director.

Latest Updates on Kalyani Steels Limited

• Notice issued for the 52nd AGM on August 22, 2025, including circulation of the Annual Report for FY 2024-25 via electronic mode per MCA/SEBI guidelines.

• Board recommended and shareholders to consider re-appointment of R.K. Goyal as Managing Director for five years effective January 17, 2026, and revision of his remuneration for April 1, 2025 to January 16, 2026.

• Shareholders to consider re-appointment of Mrs. Sunita B. Kalyani as Director, including continuation beyond April 18, 2026 upon attaining 75 years, through special resolution.

• Appointment of SVD Associates as Secretarial Auditors for five consecutive years, with Rs 4.25 lakh remuneration for FY 2025-26 plus taxes/out-of-pocket expenses.

• Ratification of remuneration of Rs 5.50 lakh plus taxes for S.R. Bhargave & Co. as Cost Auditors for FY ending March 31, 2026.

• Recognition by customers: CIE Automotive (overall supplier performance for delivery and quality) and ZF (outstanding support in supply chain agility); NAMC audit successfully completed and recommended for Gold Award in FY 2024-25.

• Related party transactions framework continued with Bharat Forge Limited and Kalyani Technoforge Limited on market parameters, including approved value caps for FY 2024-25 and a trade advance of Rs 47.00 crore.