SAL Steel Ltd

SAL Steel Other Announcement

S.A.L. Steel reconstituted its Stakeholders' Relationship Committee after independent director Nipa Jairaj Shah resigned. Hiren Mahadevia becomes chairman.

SAL Steel Management Change

SAL Steel's independent woman director, Nipa Jairaj Shah, resigned effective close of business on 06 Nov 2026 citing personal reasons. The company has acknowledged the resignation and filed the Reg 30 disclosure.

SAL Steel Q2 FY27 Results: Net Profit ₹10.4 Cr, Up 181.1% YoY

SAL Steel Ltd reported revenue from operations of ₹143.9 Cr (+119.0% YoY) and net profit of ₹10.4 Cr (+181.1% YoY) for Q2 FY27.

Key figure

Net profit ₹10.4 Cr · +181.1% YoY

SAL Steel Open Offer: ₹94.1 Cr

Sree Metaliks' open offer for up to 3.76 crore SAL Steel shares at ₹25 is ongoing. SEBI extended the underlying deal deadline to 20 February 2027.

Value

₹94.10 Cr

Execution

Underlying transaction to complete by 20 February 2027

SAL Steel Board Meeting Date

S.A.L. Steel's board meets on 6 November 2026 to approve unaudited standalone results for the quarter ended 30 September 2026. The trading window stays closed until 48 hours after results are filed.

SAL Steel Other Announcement

S.A.L. Steel Ltd has filed its quarterly shareholding pattern as per SEBI regulations, detailing promoter and public shareholding for the quarter ended September 30, 2026.

SAL Steel Annual General Meeting

SAL Steel Ltd's board approved a postal ballot for material related party transactions, including loan regularisations and sourcing limits. These transactions involve Sree Metaliks Limited and Lawrence Merchants Private Limited.

SAL Steel Capital Structure Change

Vora Financial Services acquired 73,06,374 SAL Steel shares in the open market, crossing the 5% threshold to 5.05%. This triggers a SAST Regulation 29(1) disclosure obligation.

SAL Steel Debt & Borrowing: ₹124 Cr

SAL Steel's board approved a Rs.75 Crore term loan from Kotak Mahindra Bank. The credit facility also includes a Rs.49 Crore working capital renewal, totalling Rs.124 Crore.

Value

₹124.0 Cr

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.