S.A.L. Steel Ltd

AGM details

• AGM held on 25 September 2026, 12:30 PM to 1:20 PM IST via VC/OAVM.
• Record date 18 September 2026; total shareholders on record 54.
• Meeting started 12:30 PM and concluded 1:20 PM.

Key resolutions

• Adopt financial statements and reports; ordinary resolution.
• Re-appoint Mahesh Kumar Agarwal (retiring director) by rotation; ordinary.
• Ratify remuneration of Cost Auditors; ordinary.
• Regularize Monika Goyal as additional independent woman director; special.

Voting results

• Item 1 passed; ordinary resolution with majority; minor opposing votes.
• Item 2 passed; ordinary resolution with majority; small opposition.
• Item 3 passed; ordinary resolution with majority; negligible opposition.
• Item 4 passed; special resolution with requisite majority.

Director changes

• Monika Goyal: regularized as additional independent woman director.
• Mahesh Kumar Agarwal: re-appointed as director (retiring by rotation).

Auditor matters

• Remuneration payable to Cost Auditors ratified.

Related party transactions

• No material related party transactions approved.

AGM Resolutions

• To receive, consider and adopt the Audited Financial Statements for year ended 31 March 2026 and reports.
• To appoint Shri Mahesh Kumar Agarwal, who retires by rotation, for re-appointment.
• To ratify remuneration payable to Cost Auditors for the year ending 31 March 2027.
• To regularize Monika Goyal as additional non-executive independent woman director.

AGM details

• 23rd AGM held on 25 September 2026 at 12:30 P.M. via VC/OAVM.
• Deemed venue: registered office, Ahmedabad.
• Quorum: 54 members attended.

Key resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Re-appoint Mahesh Kumar Agarwal as director on rotation.
• Ratify remuneration payable to Cost Auditors for FY 2027.
• Regularize Monika Goyal as additional non-exec independent woman director (special resolution).

Voting results

• Voting outcome for ordinary resolution adopting financials not disclosed.
• Voting outcome for re-appointment not disclosed.
• Voting outcome for cost audit remuneration ratification not disclosed.
• Voting outcome for Monika Goyal regularization not disclosed.

Director changes

• Monika Goyal regularized as additional non-exec independent woman director.
• Mahesh Kumar Agarwal reappointed by rotation.

Auditor remuneration

• Cost Auditors remuneration ratified for FY 2027.

S.A.L. Steel Ltd – Trading Window Closure from Oct 01, 2026 till 48 hours after announcement/declaration of Financial Results for quarter and half year ending Sept 30, 2026

Appointment of Additional Director

• Appointment of Monika Goyal as Additional Director (Non-Executive, Independent Woman) effective 14 Aug 2026 for 5 years.
• Subject to shareholders' approval under Companies Act provisions.
• Profile: Law graduate, FCS, ICSI member; 12 years in corporate governance.
• Disclosure: Not related to any company directors.
• Not debarred from holding the office of director.
• Board approved appointment on nomination and remuneration committee's recommendation.

Financial results

• Un-audited standalone Q1 FY2026 results approved; quarter ended 30 June 2026; Limited Review Report enclosed.
• Independent Auditor's Limited Review Report indicates no material misstatement.

Governance and AGM actions

• Directors' Report for year ended 31 March 2026 approved.
• AGM for FY2025-26 scheduled 25 Sep 2026; AGM notice and annual report to be submitted separately.
• Appointed Monika Goyal as Independent Woman Director; term five years from 14 Aug 2026, subject to approval.
• Monika Goyal not related to any directors or promoter.
• Kamlesh M. Shah appointed Scrutinizer for AGM e-voting.

Acquisition details

• Target: SAL Steel Limited.
• Acquirer: M/S Vora Financial Services Private Limited.
• Acquisition: 7,306,374 equity shares representing 5.05% of SAL Steel's equity capital.
• Mode: Open market purchase.
• Post-acquisition holding: 7,306,374 shares, 5.05%.
• Listing: BSE and NSE; NSE symbol SALSTEEL.
• Date of disclosure: 10 August 2026.

Meeting Details

• Board meeting on 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Un-Audited Standalone Financial Results for quarter ended 30 June 2026.
• To transact other business.

Other Notes

• Trading Window closed from 01 July 2026 till 48 hours after results are approved.