Kalyani Forge Limited — Others, 31-12-2024: Shareholders meeting

Kalyani Forge Limited has disclosed the results of a postal ballot, wherein shareholders approved the appointment of M/s. M.P. Chitale & Co. as Statutory Auditors following the resignation of Kalyaniwalla & Mistry LLP. Additionally, shareholders sanctioned an increase in the remuneration of Mr. Viraj G. Kalyani, Managing Director. The voting, conducted via e-voting, showed overwhelming support for both resolutions, highlighting strong shareholder confidence and governance alignment. This positive sentiment could enhance the company's operational stability, though the increase in remuneration might be viewed cautiously by some investors amid broader economic conditions.