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