S.A.L.STEEL LTD.

S.A.L. Steel Ltd has announced the closure of its trading window for designated persons, effective July 01, 2026. This restriction will remain in place until 48 hours after the declaration of the company's financial results for the first quarter ending June 30, 2026. The decision aligns with SEBI regulations and the company's internal code of conduct regarding insider trading. The exact date of the board meeting to approve these financial results will be communicated separately. All directors, connected persons, designated persons, and their immediate relatives are advised against trading in the company's securities during this period.

S.A.L. Steel Ltd published its audited standalone financial results for the quarter and year ended March 31, 2026. Total income from operations stood at ₹4,004.27 crore. The results were published in "The Indian Express" and "Financial Express" on May 30, 2026. The Board of Directors approved the results in their meeting held on May 29, 2026.

S.A.L. Steel Ltd confirms no deviation or variation in the use of proceeds from the preferential issue of 3,57,50,000 warrants, as stated in the explanatory statement of the Annual General Meeting held on September 26, 2025. This confirmation follows Regulation 32 of the SEBI (LODR) Regulations, 2015. The Audit Committee reviewed and approved this statement on May 29, 2026. Funds raised via preferential issue on February 13, 2026, amounted to ₹48,26,25,000.

S.A.L. Steel Ltd has appointed M/s. Ashish Bhavsar & Associates as the Cost Auditor for the financial year 2026-27, following the recommendation of the Audit Committee and approval from the Board of Directors. This appointment is in compliance with Section 148 of the Companies Act, 2013 and is subject to the approval of the members in the upcoming General Meeting of the Company.

S.A.L. Steel Ltd has availed a term loan of ₹50 Crore from Axis Finance Limited. The funds will be used for the repayment of ICD of AIA Engineering Limited. The loan is secured by a mortgage of the company's immovable and movable fixed assets, current assets, and personal guarantees from Mahesh Kumar Agarwal and Kaustubh Agarwal, along with a corporate guarantee from Sree Metaliks Limited. The loan is repayable in 20 equal quarterly installments over 5 years.

S.A.L. Steel Ltd has appointed M/s NRPS & Associates LLP, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. This appointment follows the recommendation of the Audit Committee and complies with Section 138 of the Companies Act, 2013, read with Rule 13 of the Companies (Accounts) Rules, 2014. The company has received a letter of intention and a certificate u/s 141 from M/s NRPS & Associates, confirming their consent and eligibility.

S.A.L. Steel Ltd has announced a change in its registered office within the local limits of Ahmedabad, Gujarat. The new registered office is located at 604, Zion Z1, Near Avalon Hotel, Sindhubhawan Road, Bodakdev, Ahmedabad-380059, Gujarat. The previous registered office was located at 5/1, Shreeji House, 5th Floor, Behind M. J. Library, Ashram Road, Ahmedabad-38009, Gujarat. This change has been approved by the Board of Directors.

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.

S.A.L. Steel Ltd has submitted its audited standalone financial statement for the quarter and financial year ended March 31, 2026, as per regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also approved a change in the registered office within Ahmedabad, appointed M/s. NRPS & Associates LLP as Internal Auditor for FY 2026-27, and appointed M/s. Ashish Bhavsar & Associates as Cost Auditor for FY 2026-27, subject to member approval. Plant operations have resumed following a modernization program.

S.A.L. Steel Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The company has also informed that the trading window for dealing in the company's shares has been closed from April 1, 2026, and will remain closed until 48 hours after the results are approved and filed with the stock exchange, as per the company's code of conduct and SEBI regulations.