SAL Steel Share Price Today

S.A.L Steel board approves ₹75 crore term loan from Kotak Mahindra Bank

S.A.L Steel board approved ₹75 crore term loan from Kotak Mahindra Bank on October 1, 2026. Total aggregate exposure including renewed working capital facilities stands at ₹124 crore. Funds designated for part repayment of Inter-Corporate Deposits with AIA Engineering Limited. Loan secured by hypothecation of current assets and movable fixed assets at Gandhidham plant.

SAL Steel shareholders adopt FY26 financials at 23rd AGM

Shareholders adopted audited financial statements for FY26 at the 23rd AGM. Mahesh Kumar Agarwal reappointed as director retiring by rotation. Monika Goyal regularized as Non-Executive Independent Woman Director. Meeting held virtually with 54 members in attendance on September 25, 2026.

Sal Steel FY26 net loss narrows 95% to ₹35 lakh; AGM set for Sep 25

Sal Steel reported a net loss of ₹35 lakh for FY26, narrowing 95% from ₹6.42 crore in FY25. Total revenue declined 62% to ₹207.58 crore due to plant shutdowns between September 2025 and February 2026. Sponge iron production fell 58% to 54,875 MT, while ferro chrome output dropped to 5,081 MT. Sree Metaliks Limited acquired 57.51% stake, triggering a change in control and board reconstitution. The 23rd AGM is scheduled for September 25, 2026, with remote e-voting available from September 22 to 24.

S.A.L Steel Q1 Results: Board approves financials for quarter ended June 30

S.A.L Steel Ltd approved its Q1FY26 standalone results on August 4, 2026. The unaudited figures for the quarter ended June 30, 2026, along with the limited review report, are now available on the BSE website.

Sal Steel Q1 profit turns positive to ₹3.09 crore; appoints new director

Sal Steel posted a Q1FY27 net profit of ₹3.09 crore, reversing a ₹9.67 crore loss from the previous year. Revenue fell 31% to ₹87.37 crore, but a sharper 41% drop in expenses drove the turnaround. Additionally, the company appointed Monika Goyal as an independent director.

SEBI Grants 3-Month Extension to Sree Metaliks for SAL Steel Open Offer Underlying Transaction

Sree Metaliks Limited has been granted a 3-month extension by SEBI, via its letter dated July 30, 2026, to complete the underlying transaction for its open offer for SAL Steel Limited, with the new deadline set at October 13, 2026. The open offer involves the acquisition of up to 3,76,39,342 equity shares of SAL Steel, representing 26% of the expanded share capital, at an offer price of ₹ 25/- per equity share of face value ₹ 10/- each. The original deadline of June 15, 2026 could not be met due to extraordinary and supervening circumstances beyond the acquirer's control, specifically relating to the acquisition of 1,95,00,000 Sale Shares under the Share Purchase Agreement. The public notice was issued by Vivro Financial Services Private Limited as Manager to the Offer and submitted to BSE Limited on August 4, 2026.