Kalyani Forge chairman and AGM
NSE: KALYANIFRGBSE: 513509Industrial ProductsSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹850.45.
30 Oct: open ₹889.60, high ₹889.60, low ₹809.00
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹296 Cr2,339th largest listed
- 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. Price to earnings, trailing: how it is worked out
- 23.92
- 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. Price to book: how it is worked out
- 3.10
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.49%
- 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.
- 13.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 11.0%
- 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.
- 1.11
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 845
Kalyani Forge's chairperson is ROHINI GAURISHANKAR KALYANI, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 21 Sep 2026.
Kalyani Forge board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.
- ChairpersonROHINI GAURISHANKAR KALYANIRelated to the promoter
6 directors3 independent2 executive1 non-executive
- ROHINI GAURISHANKAR KALYANI · ChairpersonExecutive · joined Oct 2013 · reappointed Aug 2025 · 1 listed board
- GAURISHANKAR NEELKANTH KALYANINon-executive · joined Apr 2003 · reappointed Sep 2026 · 1 listed board
- VIRAJ GAURISHANKAR KALYANIExecutive · joined May 2013 · reappointed Sep 2023 · 1 listed board · 2 committee seats
- AJAY TANDONIndependent · joined Apr 2024 · 29 months as independent · 1 listed board · 1 as independent · 1 committee seat
- JEEVAN MAHALDARIndependent · joined May 2024 · 28 months as independent · 1 listed board · 1 as independent
- VISWANATHAN SWAMINATHANIndependent · joined Nov 2025 · 10 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
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.
1 director who left
- ABHIJIT SEN, left 1 Feb 2026: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 14 Aug 20266 of 6 present3 independent · 2 days in between
- 11 Aug 20266 of 6 present3 independent · 27 days in between
- 14 Jul 20266 of 6 present3 independent · 49 days in between
- 25 May 20266 of 6 present3 independent
Audit Committee
Chair VISWANATHAN SWAMINATHAN
AJAY TANDON, VIRAJ GAURISHANKAR KALYANI
- 11 Aug 20263 of 3 present2 independent · 27 days in between
- 14 Jul 20263 of 3 present2 independent · 49 days in between
- 25 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair AJAY TANDON
JEEVAN MAHALDAR, VISWANATHAN SWAMINATHAN
- 14 Jul 20263 of 3 present3 independent · 56 days in between
- 18 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair JEEVAN MAHALDAR
VIRAJ GAURISHANKAR KALYANI, VISWANATHAN SWAMINATHAN
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair ROHINI GAURISHANKAR KALYANI
AJAY TANDON, VIRAJ GAURISHANKAR KALYANI
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M. P. Chitale & Co.Peer-review certificate valid to Jul 2028
1 earlier auditor
- M.P ChitaleNamed in the filing for the quarter to Mar 2025
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.
Kalyani Forge 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.Kalyani Forge dividend history
Annual general meeting, 21 Sep 2026
7,992 shareholders on the register on 14 Sep 2026; present: 20 promoters and 10 others; votes counted by Ishan Padhye / PGBP & Associates LLP.The company's voting result
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.88%
Turnout: all 58.77% · promoters 100.00% · institutions 0.00% · other public 0.02%
- To declare final dividend on equity shares for the Financial Year ended March 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.88%
Turnout: all 58.77% · promoters 100.00% · institutions 0.00% · other public 0.02%
- To appoint a Director, in place of Mr. Gaurishankar N. Kalyani (DIN: 00519610) 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 0.88%
Turnout: all 58.77% · promoters 100.00% · institutions 0.00% · other public 0.02%
- To ratify remuneration payable to the Cost Auditor appointed by the Board of the Directors for the Financial year 2026-27.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.88%
Turnout: all 58.77% · promoters 100.00% · institutions 0.00% · other public 0.02%
- To approve the payment of commission to Non-Executive Directors and Independent DirectorsOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.88%
Turnout: all 58.77% · promoters 100.00% · institutions 0.00% · other public 0.02%
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.
Postal ballot, 5 Mar 2026, 1 resolution
6,733 shareholders on the register on 30 Jan 2026; votes counted by Ishan Padhye / M/s. PGBP & Associates.The company's voting result
- Appointment of Mr. Viswanathan Swaminathan (DIN: 00638389) as an Independent Director of the Company.Special100.00% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 15.77%
Turnout: all 57.91% · promoters 98.52% · institutions 0.00% · other public 0.04%
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.
Annual general meeting, 29 Aug 2025, 6 resolutions
7,260 shareholders on the register on 22 Aug 2025; present: 18 promoters and 45 others; votes counted by Nitin Prabhune / Nitin Prabhune.The company's voting result
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025 together with reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.46%
- To declare final dividend on equity shares for the Financial Year ended March 31, 2025Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.46%
- To appoint a Director, in place of Mrs. Rohini G. Kalyani (DIN: 00519565) who retires by rotation and being eligible, offers herself 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 58.04% · promoters 98.49% · institutions 0.00% · other public 0.46%
- To appoint Statutory Auditors of the Company and fix their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.46%
- To ratify remuneration payable to the Cost Auditor appointed by the Board of the Directors for the Financial year 2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.46%
- Approval of Secretarial Auditor appointment for term of 5 (Five) consecutive years upto AGM to be held in 2030Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.46%
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.
Postal ballot, 6 Apr 2025, 1 resolution
5,866 shareholders on the register on 28 Feb 2025; votes counted by Nitin Prabhune / Nitin Prabhune.
- To approve creation of charges, securities on the properties / assets of the Company, under section 180(1)(a) of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.90% · promoters 100.00% · institutions 0.00% · other public 0.46%
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.
Postal ballot, 29 Dec 2024, 2 resolutions
6,189 shareholders on the register on 22 Nov 2024; votes counted by Nitin Prabhune / Nitin Prabhune.
Appointment of M/s. M.P. Chitale & Co., Chartered Accountants as Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of the M/s. Kalyaniwalla & Mistry LLP., Chartered Accountants.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 10.70%
Turnout: all 58.71% · promoters 100.00% · institutions 0.00% · other public 0.01%
- 2 - To Approve the increase in remuneration of Mr. Viraj G. Kalyani (DIN:02268846), Managing Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.67%
Turnout: all 58.71% · promoters 100.00% · institutions 0.00% · other public 0.01%
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.
Annual general meeting, 27 Sep 2024, 5 resolutions
Present: 18 promoters and 16 others.
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 together with reports of the Board of Directors and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.51%
- To declare final dividend on equity shares for the Financial Year ended March 31, 2024Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.51%
- To appoint a Director, in place of Mr. Gaurishankar N. Kalyani (DIN: 00519610) who retires by rotation and being eligible, offers herself for reappointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.51%
- To ratify remuneration payable to the Cost Auditor appointed by the Board of Directors of the Company for the financial year 2024-25Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.51%
- To approve the continuation of current term of Mr. Mr. Abhijit Sen (DIN: 00002593) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.92% · promoters 100.00% · institutions 0.00% · other public 0.51%
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.
Postal ballot, 26 Jul 2024, 2 resolutions
- Appointment of Mr. Ajay Tandon (DIN: 00128667) as Independent Director on the Board of Kalyani Forge Limited.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.72% · promoters 100.00% · institutions 0.00% · other public 0.03%
- Appointment of Mr. Jeevan Mahaldar (DIN: 00137467) as Independent Director on the Baord of Kalyai Forge Limited.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 58.72% · promoters 100.00% · institutions 0.00% · other public 0.03%
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.
Annual general meeting, 20 Sep 2023, 8 resolutions
Present: 18 promoters and 21 others.
- To receive, consider and adopt the Financial Statements of the Company for the financial year ended March 31, 2023 together with reports of the Board of Directors and Auditors thereon;Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.13% · promoters 100.00% · institutions 0.00% · other public 1.02%
- To declare final dividend on equity shares for the Financial Year ended March 31, 2023Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.13% · promoters 100.00% · institutions 0.00% · other public 1.02%
- To appoint a Director, in place of Mrs. Rohini G. Kalyani (DIN: 00519565) who retires by rotation andnbeing eligible, offers herself for reappointment.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.13% · promoters 100.00% · institutions 0.00% · other public 1.02%
- To appoint Mr. Viraj Kalyani, (DIN: 02268846) as the Managing Director (MD) of the Company for thenperiod of 5(five) years and to fix his remunerationSpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.13% · promoters 100.00% · institutions 0.00% · other public 1.02%
- To appoint Statutory Auditors of the Company to fill casual vacancy.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.13% · promoters 100.00% · institutions 0.00% · other public 1.02%
- To appoint Statutory Auditors of the Company and fix their remunerationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.13% · promoters 100.00% · institutions 0.00% · other public 1.02%
- To ratify remuneration payable to the Cost Auditor appointed by the Board of Directors of thenCompany for the financial year 2023-24Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.13% · promoters 100.00% · institutions 0.00% · other public 1.02%
- To approve the continuation of current term of Mr. Pradip P. Nadkarni (DIN: 01670826) as annIndependent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.13% · promoters 100.00% · institutions 0.00% · other public 1.02%
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 disputeCommissioner of Income TaxSince 11 Jan 2005Amount in Dispute INR 6.95 Lakhs, AY 1992-93
- Tax disputeCommissioner of Income TaxSince 30 Aug 2013ase is Pending with CIT Appeals and we have belief that the case will be decided in Kalyani Forge Limited favour. Amount in dispute INR 23.25 Lakhs. AY 2008-09
- Tax disputeCommissioner of Income TaxSince 13 Sep 2017CIT Appeal has allowed the appeal, Follow up with IT Dept for order U/s 250 need to be made to get demand Nil. Amount in dispute INR 22.94 Lakhs. AY 2011-12.
- Tax disputeCommissioner of Income TaxSince 21 Mar 2016CIT Appeal has allowed the appeal, Follow up with IT Dept for order U/s 250 need to be made to get demand Nil. Amount in dispute INR 7.76 Lakhs. AY 2013-14
- Tax disputeCommissioner of Income TaxSince 21 Dec 2018CIT Appeal has allowed the appeal, Follow up with IT Dept for order U/s 250 need to be made to get demand Nil. Amount in dispute INR 3.09 Lakhs. AY 2016-17.
- Tax disputeCommissioner of Income TaxSince 23 Mar 2023Case is Pending with CIT Appeals and we have belief that the case will be decided in Kalyani Forge Limited favour. Amount in dispute INR 21 Lakhs. AY 21-22
- Tax disputeJoint Commissioner of State TaxSince 22 Dec 2025Pending for Hearing by GST DepartmentAt the filing before: Appeal order received with revised Interest demand only
- Tax disputeDeputy Commissioner of State TaxSince 29 Aug 2025Annexure I submitted for Further Appeal to TribunalAt the filing before: Appeal order received
3 more
- Tax disputeDeputy Commissioner of State TaxSince 22 Apr 2025Reply furnished; Pending for action by tax officer
- Tax disputeDeputy Commissioner of State TaxSince 2 Feb 2026Reply furnished; Pending for action by tax officer
- Tax disputeDeputy Commissioner of State TaxSince 6 Mar 2025Rectified order received
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
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.