Kalyani Steels boosts stake in DGM Realties to nearly 100%

Kalyani Steels Limited announced on November 30, 2025, the conversion of its final tranche of 1,600,000 Fully Convertible Debentures (FCDs) in subsidiary DGM Realties Private Limited (DGM). These FCDs, each valued at Rs.100/-, were converted into 1,600,000 Equity Shares of Rs.10/- each, at a premium of Rs.90/- per share. This conversion has raised Kalyani Steels' holding in DGM to 13,196,000 Equity Shares, now representing 99.92% of DGM's paid-up capital. The cost of acquiring these 1,600,000 equity shares was Rs.160 Million.

DGM Realties, a related party of Kalyani Steels, operates in the real estate sector, focusing on land, buildings, and project management. The subsidiary reported a turnover of Rs.36.01 Million for FY 2024-25. Kalyani Steels initially invested in DGM in 2015, recognizing a 25-acre land parcel near the Bengaluru Mysuru Highway Corridor as suitable for its marketing network and business development needs.

This conversion, executed on an arm's length basis, completes the process of converting all FCDs held by Kalyani Steels in DGM. DGM Realties had an authorized capital of Rs.140 Million and a paid-up capital of Rs.29.76 Million as of March 31, 2025.