Kalyani Steels Limited announced the successful passing of a special resolution by its members for the appointment of Mr. Ajay Kirtane as an Independent Director. The postal ballot, conducted via electronic means, saw overwhelming support, with 99.9783% of the votes cast in favour. Mr. Kirtane’s appointment is effective from September 7, 2026, for a term of five years, enhancing the company’s board independence and governance structure.
Board Strengthened with New Independent Director
Kalyani Steels Limited has officially appointed Mr. Ajay Kirtane as an Independent Director to its Board, following the approval of a special resolution by the company’s members. The decision was made through a postal ballot process, which included an e-voting mechanism, ensuring broad participation from shareholders. This appointment is a key step in bolstering the company’s corporate governance framework.
Overwhelming Member Support for Appointment
The results of the postal ballot, declared on October 19, 2026, indicate strong member confidence in Mr. Kirtane’s nomination. Out of the total votes cast, an impressive 99.9783% favoured the resolution. Only 0.0217% of the votes were cast against the resolution. This overwhelming majority underscores the members’ approval of Mr. Kirtane’s candidature and his potential contribution to the company’s strategic direction.
Details of Mr. Kirtane’s Appointment
Mr. Ajay Kirtane (DIN 02711040) has been appointed as an Independent Director for a term of five consecutive years, commencing from September 7, 2026, and concluding on September 6, 2031. His appointment aligns with regulatory requirements, including those under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Kirtane meets the independence criteria outlined in Section 149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations. His background and expertise are expected to provide valuable insights to the Board.
Source: BSE
