Kalana Ispat MD, chairman, board of directors and AGM
NSE: KALANAIndustrial Products
Last close ₹17.45down ₹0.40 (2.24%)
Share price at the NSE close on 23 Oct 2026. Previous close ₹17.85.
52-week range of traded prices to 23 Oct 2026
₹15.10Low, 24 Feb 2026₹31.40High, 23 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price.
- ₹25 Cr
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 3 Jun 2026
- 26.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Shares changed
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 3 Jun 2026
- 2.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 3 Jun 2026
- 0.05
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 14,00071.4% delivered
Kalana Ispat board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- DINESH R. THAKKAR & CONo peer-review certificate stated
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Kalana Ispat AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Kalana Ispat share news and announcements
Annual general meeting, 9 Jun 2026
1,279 shareholders on the register on 2 Jun 2026; present: 2 promoters and 14 others; votes counted by SUMIT BAJAJ / SUMIT BAJAJ & ASSOCIATES.The company's voting result (opens in a new tab)
To Received, Consider and Adopt the Audited Standalone Financial Statement of the Company for the Financial Year ended 31st March 2026 and together with the Report of Statutory Auditors and board of directors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.35% · promoters 100.00% · institutions 0.00% · other public 3.89%
- To appoint a director in place of Mr. Varghese Joseph Pottakerry (DIN: 02771578), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.35% · promoters 100.00% · institutions 0.00% · other public 3.89%
- To consider and approve transactions under Section 185 of Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.35% · promoters 100.00% · institutions 0.00% · other public 3.89%
- To consider and approve authorisation under section 186 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.35% · promoters 100.00% · institutions 0.00% · other public 3.89%
- To consider and approve Variation in the terms of the contract or objects of the IssueSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 64.35% · promoters 100.00% · institutions 0.00% · other public 3.89%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeGujarat (VAT) LiabilitySince 6 Nov 2020The disposal of same matter at first appeal is pendingAt the filing before: Tax Liability amounting to 42,52,195 for FY 2015-16 against which first appeal is dismissed due to non deposit of Rs. 7,25,000. The company preferred second appeal
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
None open at any quarter's end.
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Public IssuesSep 2024 | 32.59 | Capital Expenditure for Installation of 1.4 MW Ground Mounted Solar Power Plant for existing manufacturing plant and 1MW Ground Mounted Solar Power Plant for the proposed rolling mill as mentioned in object no.02 TPSAT Structure. | 11.04 | 9.03 | Yes | The company at the time of initial public offer had proposed to install the 4 MW DC and 3.5 MW AC Ground Mounted Solar Power Plant. However due to change in provision of electricity Promoting renewable energy through Green Energy open Access Rules 2022 regarding Ref 1 MoP notification No 23.09.2021 RandR dtd. 21.08.2024 via letter no. GUVNL/0079/08/2024 under clause82 of rules 2022 issued by Gujarat Urja Vikas Nigam Limited regarding the consumption capacity from The permitted quantum of banked energy by the green energy open access consumers shall be at least 30.00% of total consumption of electricity from the distribution licensee by the consumers during the billing period to Permitted quantum of banked energy by the green energy open access consumers shall be maximum upto 30.00% of total consumption of electricity from the distribution licensee by the consumers. However, Due to the above said changes the maximum consumption of the electricity is upto 30.00% only. therefore, the company has now proposed to install 1.4 MW Ground Mounted Solar Power Plant for existing manufacturing plant and 1MW Ground Mounted Solar Power Plant for the proposed rolling mill as mentioned in object no.02. Further, the board has also received the revised quotation from Solar Energy Private Limited for installation of solar Plant of Rs. 1103.65 In lakhs which costs company less than the earlier quoted for installation of Solar Plant. In Continuation the Board intends to use Rs. 1195.10 i.e. deviated amount of abovementioned object no.01 in object no.02. i.e. Capital expenditure for setting up of rolling mill at Survey No.452 Khata no. 280 Khegariya Taluka Viramgam District Ahmedabad by construction of the industrial Shed purchase of equipment machineries other assets etcMoreLess |
| Public IssuesSep 2024 | 32.59 | Capital expenditure for setting up of rolling mill at Survey No.452 Khata no. 280 Khegariya Taluka Viramgam, District Ahmedabad by construction of the industrial Shed purchase of equipment machineries other assets etc. | 19.95 | 19.95 | Yes | The company at the time of initial public offer had proposed to install the 4 MW DC and 3.5 MW AC Ground Mounted Solar Power Plant. However due to change in provision of electricity Promoting renewable energy through Green Energy open Access Rules 2022 regarding Ref 1 MoP notification No 23.09.2021 RandR dtd. 21.08.2024 via letter no. GUVNL/0079/08/2024 under clause82 of rules 2022 issued by Gujarat Urja Vikas Nigam Limited regarding the consumption capacity from The permitted quantum of banked energy by the green energy open access consumers shall be at least 30.00% of total consumption of electricity from the distribution licensee by the consumers during the billing period to Permitted quantum of banked energy by the green energy open access consumers shall be maximum upto 30.00% of total consumption of electricity from the distribution licensee by the consumers. However, Due to the above said changes the maximum consumption of the electricity is upto 30.00% only. therefore, the company has now proposed to install 1.4 MW Ground Mounted Solar Power Plant for existing manufacturing plant and 1MW Ground Mounted Solar Power Plant for the proposed rolling mill as mentioned in object no.02. Further, the board has also received the revised quotation from Solar Energy Private Limited for installation of solar Plant of Rs. 1103.65 In lakhs which costs company less than the earlier quoted for installation of Solar Plant. In Continuation the Board intends to use Rs. 1195.10 i.e. deviated amount of abovementioned object no.01 in object no.02. i.e. Capital expenditure for setting up of rolling mill at Survey No.452 Khata no. 280 Khegariya Taluka Viramgam District Ahmedabad by construction of the industrial Shed purchase of equipment machineries other assets etcMoreLess |
| Public IssuesSep 2024 | 32.59 | Issue related expenses | 1.00 | 1.00 | Yes | The company at the time of initial public offer had proposed to install the 4 MW DC and 3.5 MW AC Ground Mounted Solar Power Plant. However due to change in provision of electricity Promoting renewable energy through Green Energy open Access Rules 2022 regarding Ref 1 MoP notification No 23.09.2021 RandR dtd. 21.08.2024 via letter no. GUVNL/0079/08/2024 under clause82 of rules 2022 issued by Gujarat Urja Vikas Nigam Limited regarding the consumption capacity from The permitted quantum of banked energy by the green energy open access consumers shall be at least 30.00% of total consumption of electricity from the distribution licensee by the consumers during the billing period to Permitted quantum of banked energy by the green energy open access consumers shall be maximum upto 30.00% of total consumption of electricity from the distribution licensee by the consumers. However, Due to the above said changes the maximum consumption of the electricity is upto 30.00% only. therefore, the company has now proposed to install 1.4 MW Ground Mounted Solar Power Plant for existing manufacturing plant and 1MW Ground Mounted Solar Power Plant for the proposed rolling mill as mentioned in object no.02. Further, the board has also received the revised quotation from Solar Energy Private Limited for installation of solar Plant of Rs. 1103.65 In lakhs which costs company less than the earlier quoted for installation of Solar Plant. In Continuation the Board intends to use Rs. 1195.10 i.e. deviated amount of abovementioned object no.01 in object no.02. i.e. Capital expenditure for setting up of rolling mill at Survey No.452 Khata no. 280 Khegariya Taluka Viramgam District Ahmedabad by construction of the industrial Shed purchase of equipment machineries other assets etcMoreLess |
| Public IssuesSep 2024 | 32.59 | General corporate purpose | 0.61 | 0.61 | Yes | The company at the time of initial public offer had proposed to install the 4 MW DC and 3.5 MW AC Ground Mounted Solar Power Plant. However due to change in provision of electricity Promoting renewable energy through Green Energy open Access Rules 2022 regarding Ref 1 MoP notification No 23.09.2021 RandR dtd. 21.08.2024 via letter no. GUVNL/0079/08/2024 under clause82 of rules 2022 issued by Gujarat Urja Vikas Nigam Limited regarding the consumption capacity from The permitted quantum of banked energy by the green energy open access consumers shall be at least 30.00% of total consumption of electricity from the distribution licensee by the consumers during the billing period to Permitted quantum of banked energy by the green energy open access consumers shall be maximum upto 30.00% of total consumption of electricity from the distribution licensee by the consumers. However, Due to the above said changes the maximum consumption of the electricity is upto 30.00% only. therefore, the company has now proposed to install 1.4 MW Ground Mounted Solar Power Plant for existing manufacturing plant and 1MW Ground Mounted Solar Power Plant for the proposed rolling mill as mentioned in object no.02. Further, the board has also received the revised quotation from Solar Energy Private Limited for installation of solar Plant of Rs. 1103.65 In lakhs which costs company less than the earlier quoted for installation of Solar Plant. In Continuation the Board intends to use Rs. 1195.10 i.e. deviated amount of abovementioned object no.01 in object no.02. i.e. Capital expenditure for setting up of rolling mill at Survey No.452 Khata no. 280 Khegariya Taluka Viramgam District Ahmedabad by construction of the industrial Shed purchase of equipment machineries other assets etcMoreLess |
| Public IssuesSep 2024 | 32.59 | Total | 32.59 | 30.59 | Yes | The company at the time of initial public offer had proposed to install the 4 MW DC and 3.5 MW AC Ground Mounted Solar Power Plant. However due to change in provision of electricity Promoting renewable energy through Green Energy open Access Rules 2022 regarding Ref 1 MoP notification No 23.09.2021 RandR dtd. 21.08.2024 via letter no. GUVNL/0079/08/2024 under clause82 of rules 2022 issued by Gujarat Urja Vikas Nigam Limited regarding the consumption capacity from The permitted quantum of banked energy by the green energy open access consumers shall be at least 30.00% of total consumption of electricity from the distribution licensee by the consumers during the billing period to Permitted quantum of banked energy by the green energy open access consumers shall be maximum upto 30.00% of total consumption of electricity from the distribution licensee by the consumers. However, Due to the above said changes the maximum consumption of the electricity is upto 30.00% only. therefore, the company has now proposed to install 1.4 MW Ground Mounted Solar Power Plant for existing manufacturing plant and 1MW Ground Mounted Solar Power Plant for the proposed rolling mill as mentioned in object no.02. Further, the board has also received the revised quotation from Solar Energy Private Limited for installation of solar Plant of Rs. 1103.65 In lakhs which costs company less than the earlier quoted for installation of Solar Plant. In Continuation the Board intends to use Rs. 1195.10 i.e. deviated amount of abovementioned object no.01 in object no.02. i.e. Capital expenditure for setting up of rolling mill at Survey No.452 Khata no. 280 Khegariya Taluka Viramgam District Ahmedabad by construction of the industrial Shed purchase of equipment machineries other assets etcMoreLess |
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.