S.A.L. Steel Ltd (SALSTEEL) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by S.A.L. Steel Ltd on NSE and BSE, with an AI summary of each filing.
S.A.L. STEEL LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to consider and approve the Quarterly Unaudited Financial results of the Company for the period ended September 2026 and Other business.
Intimation · 06 Nov 2026, 5:30 am
To consider and approve the financial results for the period ended September 30, 2026 and other business matters
Intimation · 06 Nov 2026, 5:30 am
S.A.L. Steel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2026 ,inter alia, to consider and approve SAL Steel Limited informed BSE ....
Intimation · 06 Nov 2026, 5:30 am
SAL Steel Schedules Board Meeting to Approve Q2 Results SAL Steel Ltd. has scheduled a Board of Directors meeting on 6th Nov'26 to consider and approve the un-audited standalone financial results for the quarter ended 30th Sep'26. In accordance with SEBI Insider Trading Regulations, the trading window for dealing in company shares has been closed from 1st Oct'26 and will remain shut until 48 hours after the financial results are approved and submitted to stock exchanges.
Outcomes of Board Meeting held on today 16th October, 2026 to transact other business
Others (Uncategorized) · 16 Oct 2026, 8:27 pm
SAL Steel Board Approves Material Related Party Transactions and Postal Ballot Notice SAL Steel approved a Postal Ballot to seek shareholder approval for material related party transactions following its takeover by Sree Metaliks, which holds a 57.51% equity stake. Key resolutions include post-facto regularisation of Rs. 228.67 Cr loans from Lawrence Merchants and Rs. 174.62 Cr trade/loan facilities from Sree Metaliks. It also approved 1-year omnibus limits, including up to Rs. 1,050 Cr in sourcing, sales, guarantees, and loans with Sree Metaliks, Rs. 200 Cr with Lawrence Merchants, and Rs. 150 Cr with Elite Metaliks. E-voting runs from 20th Oct'26 to 18th Nov'26.
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vora Financial Services Pvt Ltd
Acquisition/ Disposal of Shares · 07 Oct 2026, 6:16 pm
Vora Financial Services Acquires 5.05% Stake in SAL Steel Non-promoter entity Vora Financial Services Pvt Ltd has acquired a 5.05% equity stake in SAL Steel Limited, corresponding to 73,06,374 shares, via open market purchases as of 31st Jul'26. The acquisition triggered mandatory reporting under Regulation 29(1) of SEBI SAST Regulations after surpassing the 5% substantial shareholding threshold against SAL Steel's total paid-up and diluted equity capital of 14,47,66,700 shares. Consequently, any subsequent +/-2% changes in shareholding will necessitate further regulatory disclosures under Regulation 29(2).
Pursance to Regulation 30 of SEBI (LODR) Regulation 2015, this is to inform that Board of Directors of the company in its meeting held today October 01, 2026 has availing Additional Term ....
Others (Uncategorized) · 01 Oct 2026, 8:26 pm
SAL Steel Secures ₹75 Cr Term Loan From Kotak Mahindra Bank SAL Steel Ltd. has secured an additional term loan facility of ₹75.00 cr alongside the renewal of ₹49.00 cr in existing working capital facilities from Kotak Mahindra Bank Ltd., taking total facilities to ₹124.00 cr via a sanction letter dated 29th Sep'26. The 5-year facility carries an interest rate of 10% per annum, repayable within 60 months, earmarked for the partial repayment of inter-corporate deposits from AIA Engineering Ltd. Borrowings are secured against current and movable fixed assets, backed by promoter and corporate guarantees.
Outcomes of Board Meeting held on 01.10.2026
Others (Uncategorized) · 01 Oct 2026, 6:31 pm
SAL Steel Secures ₹124 Crore Credit Facilities from Kotak Mahindra Bank SAL Steel's board approved borrowing an additional term loan facility of ₹75.00 crore from Kotak Mahindra Bank alongside renewing existing working capital facilities of ₹49.00 crore, bringing total facilities to ₹124.00 crore per the sanction letter dated 29th Sep'26. The new funds will be used for the partial repayment of an inter-corporate deposit (ICD) from AIA Engineering. The borrowings are secured by company assets, mortgaged industrial property in Bharapar, Kutch, Gujarat, personal guarantees from promoters, and a corporate guarantee from Sree Metaliks.
Scrutinizer Report and Voting Results in relation to 23rd Annual General Meeting held on 25th September, 2026
Annual General Meeting · 26 Sept 2026, 9:59 pm
Summary of Proceedings of 23rd Annual General Meeting ("AGM") of the Company held on Friday, 25th September, 2026 pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) ....
Annual General Meeting · 25 Sept 2026, 9:56 pm
Summary of Proceedings of 23rd Annaul General Meeting ("AGM") of the company held on Friday, 25th September, 2026 pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) ....
Annual General Meeting · 25 Sept 2026, 9:35 pm
Submission of Annual Report 2025-26 including notice of 23rd Annual General Meeting of the Company
Others (Uncategorized) · 01 Sept 2026, 9:43 pm
23rd Annual General Meeting is scheduled to be held on Friday, September 25, 2026 at 12.30 P.M through Video Conference (VC)/Other Audio Visual Means ("OAVM")
Annual General Meeting · 01 Sept 2026, 9:27 pm
Appointment of Mrs Monika Goyal (DIN: 11881952) as an Additional Director in the Capacity of Non-Executive Independent Woman Directors of the Company
Change in Management · 14 Aug 2026, 7:51 pm
SAL Steel Appoints Monika Goyal as Independent Director SAL Steel Ltd. has appointed Mrs. Monika Goyal as an Additional Director in a Non-Executive, Independent Woman Director capacity, effective 14 Aug'26. The appointment is for a five-year term, subject to shareholder approval. A Fellow Company Secretary and law graduate, Mrs. Goyal brings 12 years of experience in corporate law, regulatory compliance, risk management, and governance. She is not related to any other directors and is not debarred from holding office by any SEBI order.
Submission of Un-Audited Standalone Financial Results for the Quarter ended as on June 30, 2026
Financial Result · 14 Aug 2026, 6:19 pm
SAL Steel: Q1FY27 Results and Key Board Decisions SAL Steel reported a Q1FY27 net profit of ₹3.09 Cr versus a loss of ₹9.67 Cr YoY, with revenue at ₹87.37 Cr, down 31.6% YoY. Basic EPS stood at ₹0.21 against a loss of ₹1.14 per share YoY. The board, in its meeting on 14th Aug'26, appointed Mrs. Monika Goyal as an Additional Non-Executive Independent Director for a five-year term. The 23rd AGM for FY26 is scheduled for 25th Sep'26.
Submission of Unaudited Financial Results for the Quarter ended on June 30, 2026 and to transact Other Business of the Company
Outcome · 14 Aug 2026, 6:12 pm
S.A.L. Steel Ltd - Financial Result for the Quarter ended 30th Jun'26 (Standalone, INR Crore) ■ Revenue: 87.4 (-31.6% YoY | +629.9% QoQ) ■ EBITDA: 13.6 (Loss to Profit YoY | +91.4% QoQ) ■ EBITDA Margin (%): 15.5 (Loss to Profit YoY | -4364 bps QoQ) ■ PAT: 3.1 (Loss to Profit YoY | Loss to Profit QoQ) ■ EPS (INR): 0.21 (Loss to Profit YoY | Loss to Profit QoQ)
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vora Financial Services Pvt Ltd
Acquisition/ Disposal of Shares · 11 Aug 2026, 8:29 pm
S.A.L. Steel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve S.A.L. Steel Ltd has informed ....
Intimation · 14 Aug 2026, 5:30 am
SAL Steel Board Meeting on 14-Aug'26 to Approve Q1 Results SAL Steel has scheduled a Board of Directors meeting on 14-Aug'26 to consider and approve its Un-Audited Standalone Financial Results for the quarter ending 30-Jun'26. The trading window for insiders is closed from 01-Jul'26 until 48 hours after the financial results are declared and filed with the stock exchanges.
Appointment of Shri Anil Kumar Singh as Chief Financial Officer (CFO) of the Company
Change in Management · 01 Jul 2026, 8:12 pm
SAL Steel Appoints Anil Kumar Singh as Chief Financial Officer SAL Steel Ltd. announced the appointment of Shri Anil Kumar Singh as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective from 01 Jul'26. Mr. Singh, currently serving as a Whole-Time Director at the company, brings over 35 years of executive experience across the steel, automobile, and textile industries. His background includes leadership roles such as President of Sree Metaliks Limited and COO of Tembo Steels (U) Limited, demonstrating extensive expertise in technical operations and financial governance.
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 this is to inform that the Board of Directors of the Company at their meeting held today, ....
Others (Uncategorized) · 01 Jul 2026, 7:47 pm
SAL Steel Appoints Anil Kumar Singh as New Chief Financial Officer SAL Steel Ltd. announced the appointment of Shri Anil Kumar Singh as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from 01 Jul'26. Singh, currently serving as the Whole-Time Director at SAL Steel, brings over 35 years of executive experience across the steel, automobile, and textile industries. His background includes roles as President of Sree Metaliks and COO of Tembo Steels (U) Limited. The company confirms he has no relationships with other directors or KMPs.
Submission of News Paper publication for Audited Financial Result for the Quarter and Year ended on March 31, 2026
Others (Uncategorized) · 30 May 2026, 5:32 pm
SAL Steel Reports Q4FY26 Financials with Significant Revenue Decline SAL Steel reported Q4FY26 standalone results with total income at ₹11.97 Cr, a sharp decline from ₹116.94 Cr YoY. The company posted a net loss after tax of ₹1.02 Cr for the quarter ended 31 Mar'26, compared to a loss of ₹5.97 Cr in Q4FY25. However, on a QoQ basis, the loss narrowed from ₹6.62 Cr profit in Q3FY26. For the full year FY26, total income fell to ₹207.58 Cr from ₹544.99 Cr in FY25, with a net loss of ₹0.35 Cr.
Announcement under Regulation 30 of SEBI (LODR) Regulation 2015- Statement of Deviation or Variation(s) in the proceeds of Equity share/Warrants under Regulation 32 of SEB (LODR) Regulation ....
Others (Uncategorized) · 30 May 2026, 4:28 pm
SAL Steel Confirms No Deviation in Warrant Proceeds Utilization SAL Steel Ltd. confirmed no deviation or variation in the use of proceeds from its preferential issue for the quarter ended 31-Mar-26. The company raised ₹48.26 crore on 13-Feb-26 by issuing 3.575 crore convertible equity warrants at ₹18 per share. Funds were allocated for working capital (₹10cr), a pellet plant (₹20cr), furnace upgrades (₹10cr), plant infrastructure (₹8cr), and general corporate purposes (₹0.50cr). The Audit Committee reviewed and approved the statement on 29-May-26, finding utilization aligned with stated objectives.
Intimation under Regulation 30 of SEBI (LODR) Regulation 2015 inter alia availing Term Loan from Axis Finance Bank Limited
Others (Uncategorized) · 30 May 2026, 1:16 am
SAL Steel Secures Rs. 50 Crore Term Loan from Axis Finance SAL Steel has availed a Rs. 50 crore term loan from Axis Finance Limited, sanctioned on 26 May'26. The proceeds will be used to repay an Inter-Corporate Deposit (ICD) from AIA Engineering Limited. The loan has a 5-year tenor, repayable in 20 equal quarterly installments. Security includes a mortgage on all immovable and movable fixed assets, current assets, and personal guarantees from Mahesh and Kaustubh Agarwal. A corporate guarantee from Sree Metaliks Limited has also been provided. The transaction is not with a related party.
Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 for appointment of Cost auditor of the company
Change in Auditor · 30 May 2026, 1:02 am
SAL Steel Appoints M/s. Ashish Bhavsar & Associates as Cost Auditor SAL Steel Ltd. announced the appointment of M/s. Ashish Bhavsar & Associates (Firm Registration No. 000387) as its Cost Auditor for the financial year 2026-27, effective 29 May'26. The appointment was recommended by the Audit Committee and approved by the Board of Directors. This decision is now subject to the approval of shareholders at the company's next General Meeting. The company confirmed there are no relationships between the incoming auditor and the existing directors.
Appointment of M/s NRPS & Associates LLP, Chartered Accountant as an Internal Auditor of the Company
Change in Auditor · 30 May 2026, 12:47 am
SAL Steel Appoints NRPS & Associates as Internal Auditor for FY27 SAL Steel Ltd. announced the appointment of M/s. NRPS & Associates LLP, Chartered Accountants (Firm Reg. No.: W100657), as its Internal Auditor. The appointment, effective from 29 May'26, is for the financial year 2026-27. This decision was made based on the recommendation of the Audit Committee and approved by the Board of Directors in compliance with Regulation 30 of SEBI (LODR) Regulations. The Ahmedabad-based firm has extensive experience in internal audits, financial controls, statutory audits, and taxation.
Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015 for Change in Registered Office of the Company within local limits of the same city
Others (Uncategorized) · 30 May 2026, 12:36 am
SAL Steel Announces Relocation of Registered Office Within Ahmedabad SAL Steel Ltd. announced its Board has approved the relocation of its registered office within Ahmedabad, Gujarat, as per a filing on 29 May'24. The office will move from Shreeji House, Ashram Road, to Zion Z1, Near Avalon Hotel, Sindhubhawan Road, Bodakdev. The change remains within the same city limits and is a routine administrative update with no immediate financial or operational impact implied. The company's corporate office and manufacturing plant addresses remain unchanged.