Kalyani Steels Limited has announced the successful conclusion of a postal ballot process, with shareholders approving the appointment of Ms. Vartika Shukla as an Independent Director. The resolution, passed with a significant majority of 99.9561% of votes in favour, confirms her appointment for a term of five years, effective June 24, 2026. This move aligns with the company’s commitment to strong corporate governance and board oversight.
Shareholder Approval for Director Appointment
Kalyani Steels Limited has successfully concluded a postal ballot process, confirming the shareholder approval for the appointment of Ms. Vartika Shukla as an Independent Director. The resolution was put forth and subsequently approved by the company’s members, demonstrating strong shareholder confidence in the proposed leadership change.
Postal Ballot Results and Director’s Term
The voting results, declared on August 3, 2026, indicated an overwhelming majority in favour of Ms. Shukla’s appointment. Out of the total votes cast, 34,398,217 shares, representing 99.9561%, voted in favour of the resolution. Only 15,108 shares, or 0.0439%, were cast against it. Ms. Shukla, holding DIN 08777885, has been appointed as an Independent Director for a term of five consecutive years, commencing from June 24, 2026, and concluding on June 23, 2031.
Corporate Governance and Compliance
The appointment process adhered to the requirements of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Shukla meets the independence criteria as prescribed and has provided the necessary declarations. The postal ballot procedure, including e-voting facilitated by National Securities Depository Limited (NSDL), was conducted in a transparent manner, with the results and scrutineer’s report being duly submitted to the stock exchanges and uploaded on the company’s website.
Source: BSE
