Kalyani Steels Limited has announced the appointment of Mr. Ajay Kirtane as an Additional Independent Director to its Board. This appointment, effective from September 7, 2026, is for a term of five consecutive years, concluding on September 6, 2031. The decision follows a recommendation from the Nomination and Remuneration Committee and is subject to shareholder approval via postal ballot. Mr. Kirtane brings over 34 years of experience in financial management and corporate consultancy.
Kalyani Steels Strengthens Board with New Independent Director
In a significant move to enhance corporate governance and strategic oversight, Kalyani Steels Limited has appointed Mr. Ajay Kirtane as an Additional Independent Director. This appointment, effective from September 7, 2026, was approved by the Board of Directors via a circular resolution.
Appointment Details and Term
Mr. Kirtane will serve on the Board for a term of five consecutive years, from September 7, 2026, to September 6, 2031. This appointment is contingent upon the approval of the company’s shareholders, which will be sought through a postal ballot process. The decision was made based on the recommendation of the Nomination and Remuneration Committee, underscoring a thorough vetting process.
Background and Expertise
Mr. Ajay Kirtane (DIN: 02711040) is a qualified Cost & Works Accountant with an extensive career spanning over 34 years. His expertise lies in crucial areas such as financial management, debt syndication, mergers and acquisitions, and private equity. He is also the Founder and Associate Member of the Management Consultancy Firm – Shah & Kirtane, where he retired in March 2025, having been involved in diverse corporate consultancy projects across various industries including engineering, infrastructure, and real estate.
Kalyani Steels has confirmed that Mr. Kirtane is not related to any existing Director of the Company and has not been debarred from holding the office of Director by any regulatory authority.
Source: BSE
