SAL Steel Ltd

SAL Steel Annual General Meeting

S.A.L. Steel Ltd held its 23rd Annual General Meeting on September 25, 2026. The meeting adopted financial statements and passed standard resolutions.

SAL Steel Annual Report

SAL Steel Ltd submitted its Annual Report for 2025-26, including the notice of its 23rd Annual General Meeting.

SAL Steel Annual General Meeting

S.A.L. Steel Ltd will hold its 23rd Annual General Meeting on September 25, 2026, via video conferencing. The meeting will address financial adoption and director appointments.

SAL Steel Management Change

SAL Steel Limited has appointed Mrs. Monika Goyal as an Additional Independent Woman Director effective August 14, 2026. She joins the board for a five-year term.

Execution

5 years

SAL Steel Q1 FY27 Results: Turns Profitable, Net Profit ₹3.1 Cr

SAL Steel Ltd reported revenue from operations of ₹87.4 Cr (-31.5% YoY) and net profit of ₹3.1 Cr for Q1 FY27.

Key figure

Net profit ₹3.1 Cr

SAL Steel Capital Structure Change

Vora Financial Services Private Limited acquired a 5.05% stake in SAL Steel Limited. The acquisition involved 73,06,374 shares purchased through the open market.

SAL Steel Board Meeting Date

SAL Steel Limited's Board of Directors will meet on August 14, 2026. They intend to review and approve un-audited standalone financial results for June 2026.

SAL Steel Open Offer: ₹94.1 Cr

SAL Steel received a SEBI extension until October 13, 2026, for the open offer of 3.76 crore shares. The offer is valued at ₹94.10 crore.

Value

₹94.10 Cr

SAL Steel Management Change

SAL Steel Ltd appointed Shri Anil Kumar Singh as Chief Financial Officer effective 1 July 2026. The appointment, disclosed under Regulation 30, enhances the company’s senior management team.

SAL Steel Results Correction

S.A.L. Steel clarified discrepancies in the format and signatories of its financial results. The response addresses an NSE query regarding the CEO/MD's signature.

SAL Steel Fund Raise of ₹48.26 Cr

SAL Steel Ltd reported zero deviation in utilizing ₹48.26 Crore raised via preferential warrants. Funds were deployed for working capital, plant infrastructure, and general corporate purposes.

Value

₹48.26 Cr

SAL Steel Debt & Borrowing: ₹50 Cr

SAL Steel Ltd availed a ₹50 Crore term loan from Axis Finance Limited to repay existing debt. The five-year facility is secured by company assets.

Value

₹50.00 Cr

Execution

5 years

SAL Steel Management Change

SAL Steel Ltd appointed M/s. NRPS & Associates LLP as Internal Auditor for FY 2026-27. The firm brings extensive expertise in internal audit and taxation.

Execution

Financial year 2026-27

SAL Steel Capacity Expansion

SAL Steel Ltd relocated its registered office to Zion Z1, Bodakdev, Ahmedabad. The shift remains within local limits, maintaining administrative continuity for the company.

SAL Steel Q4 FY26 Results: Net Loss of ₹1 Cr, Loss Narrows

SAL Steel Ltd reported revenue from operations of ₹11.9 Cr (-89.8% YoY) and a net loss of ₹1 Cr for Q4 FY26.

Key figure

Net loss ₹1 Cr

SAL Steel Financial Results

SAL Steel Ltd reported FY26 financial results and approved a ₹50 Crore term loan from Axis Finance Limited. The company also announced a registered office relocation.

Value

₹50.00 Cr

Execution

5 years

SAL Steel Other Announcement

SAL Steel Ltd filed its Annual Secretarial Compliance Report for the financial year 2026. The report details company compliance status with SEBI and stock exchange regulations.

SAL Steel Board Meeting Date

SAL Steel scheduled its board meeting for May 29, 2026, to approve audited financial results. The trading window remains closed for designated persons.

SAL Steel Other Announcement

SAL Steel Ltd reconstituted its Audit, Nomination, Stakeholders, and CSR committees effective May 18, 2026. This follows the resignation of independent director Shri Mitesh Vasantbhai Jariwala.

SAL Steel Annual General Meeting

SAL Steel Limited members approved a special resolution regarding borrowing limits and asset charges via postal ballot. The resolution passed with a 99.99% majority vote.

SAL Steel Management Change

Independent Director Mitesh V Jariwala resigned from SAL Steel Ltd effective May 16, 2026. The departure is attributed to unavoidable personal reasons.

SAL Steel Price Movement Clarification

SAL Steel Ltd clarified that recent stock price movements are market-driven and not linked to undisclosed material information. The company highlighted previously disclosed events, including an open offer acquisition by Sree Metaliks Limited completed in December 2025 and subsequent warrant conversions. Management reaffirmed its commitment to timely regulatory disclosures under SEBI LODR Regulations.

SAL Steel Annual General Meeting

S.A.L. Steel Limited has issued a postal ballot notice to seek shareholder approval via special resolution to increase borrowing limits up to ₹2000 Crore. The resolution also includes the creation of charges or mortgages on company assets to secure these borrowings.

Value

₹2,000 Cr

SAL Steel Annual General Meeting

SAL Steel Ltd has issued a postal ballot notice seeking shareholder approval to increase its borrowing limit to ₹2,000 Crore. The resolution also includes authorising the Board to create charges on company assets to secure these borrowings. E-voting will occur between April 18 and May 17, 2026.

Value

₹2,000 Cr

SAL Steel Management Change

S.A.L. Steel Limited announced the resignation of Mr. Babulal M Singhal from the position of Chief Financial Officer (CFO), effective April 6, 2026. This leadership exit marks a change in the company's key managerial personnel.

SAL Steel Management Change

S.A.L. Steel Ltd announced the resignation of its Chief Financial Officer, Shri Babulal M Singhal, effective from the close of business hours on April 06, 2026. The resignation is attributed to personal and unavoidable circumstances. The company has taken the resignation on record in compliance with SEBI LODR Regulations.