Kalyani Steels Ltd

• Company and Company Secretary received SEBI Settlement Order on 23 Feb 2026. • Several compliance violations alleged under SEBI regulations. • Company paid ₹2.8 crore, Secretary paid ₹95.55 lakh as settlement. • No further implications reported from the order.

🔍 Overview:

On February 23, 2026, Kalyani Steels Limited and its Company Secretary Mrs. D.R. Puranik received a Settlement Order from SEBI (the Securities and Exchange Board of India). This relates to alleged violations of multiple SEBI regulations and provisions under the Securities Contracts (Regulation) Act, 1956.

🏛️ Details of Violations:

• The violations involve several SEBI circulars and regulations relevant to listed companies' disclosure and governance requirements such as:
• Clause 49 (various subclauses) regarding corporate governance disclosures.
• Regulation 23(2) and Regulation 103 of LODR (Listing Obligations and Disclosure Requirements) Regulations, which govern related party transactions and disclosure norms.
• Regulations covering Company Secretaries’ compliance responsibilities under LODR Regulations and SCRA.

💰 Settlement Amounts:

• The company has paid ₹28,022,150 (approximately ₹2.8 crore) as settlement.
• Mrs. D.R. Puranik, the Company Secretary, has paid ₹9,555,000 (approximately ₹95.55 lakh).

📈 Impact:

• The company has stated there are no further implications or impacts on its financial or operational activities other than the settlement payments.

🤔 What This Means for Investors:

• The settlement highlights the importance of regulatory compliance for listed companies and their officers.
• Paying the settlement amount may reflect an effort to resolve the issues without prolonged penalties or litigation.
• No direct operational or financial impact beyond the settlement amount is indicated.

🧾 Summary:

This news is about compliance settlement with SEBI for alleged regulatory breaches by the company and its company secretary. It does not report any impact on business performance or operations aside from the monetary settlement. Investors may view this as part of regulatory risks companies can face, but it is not an operational update.