Kalyani Steels: Board Approves Q2 FY27 Results; Leadership Transitions Announced
Kalyani Steels reported Q2 FY27 results with revenue at ₹4,943.81 crore. The company announced leadership changes: Mr. B.N. Kalyani resigned as Chairman and was appointed Chairman Emeritus. Mr. Amit B. Kalyani succeeded him as Chairman from October 29, 2026. Ms. Geeta Shamrao Jadhav was appointed CHRO.
The financial results show growth, and the changes in top leadership, including the Chairman and the appointment of a Chairman Emeritus, are material events for the company's governance and strategic direction.
The company reported positive financial results with increased revenue and profit. The leadership transition, while significant, is presented with a clear succession plan and the appointment of a Chairman Emeritus, indicating a smooth transition and continued guidance.
Kalyani Steels Limited (KSL) announced the outcome of its Board Meeting held on October 28, 2026. The Board approved the unaudited financial results for the quarter and half-year ended September 30, 2026, both on a standalone and consolidated basis. The company reported a revenue from operations of ₹4,943.81 crore for the quarter ended September 30, 2026, a notable increase from ₹4,560.69 crore in the same period last year. Profit after tax for the quarter stood at ₹792.17 crore (standalone) and ₹798.66 crore (consolidated).
In significant leadership changes, Mr. B.N. Kalyani resigned as the Chairman and Non-Executive Non-Independent Director, effective from the close of business hours on October 28, 2026, after serving since the company's incorporation in 1973. To honor his contributions, the Board approved his appointment as Chairman Emeritus, effective October 29, 2026. Concurrently, Mr. Amit B. Kalyani was appointed as the new Chairman of the Board of Directors, also effective October 29, 2026. Mr. Amit B. Kalyani brings over 25 years of experience within the Kalyani Group.
Furthermore, Ms. Geeta Shamrao Jadhav has been appointed as the Chief Human Resource Officer (CHRO) of the company, effective October 28, 2026. The Board Meeting commenced at 11:45 a.m. and concluded at 2:00 p.m.
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