Board Meeting29 May 2026, 06:32 pm
S.A.L. Steel Board Meeting Outcome on May 29, 2026
AI Summary
The Board of Directors of S.A.L. Steel Ltd convened a meeting on May 29, 2026, and approved the audited standalone financial results for the year ended March 31, 2026. Key decisions included approval for changing the registered office within Ahmedabad, appointment of M/s. NRPS & Associates LLP as Internal Auditor for FY 2026-27, appointment of M/s. Ashish Bhavsar & Associates as Cost Auditor for FY 2026-27 (subject to member approval), resumption of plant operations after a modernization program, and approval to avail a term loan from Axis Finance Limited.
Key Highlights
- Audited standalone financial results for FY26 were approved.
- Registered office to be shifted within local limits of Ahmedabad.
- NRPS & Associates LLP appointed as Internal Auditor for FY27.
- Ashish Bhavsar & Associates appointed as Cost Auditor for FY27, subject to member approval.
- Board approved availing a term loan from Axis Finance Limited.
Price Impact
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