Shah Alloys Ltd

Filing Status

• Consolidated results not applicable; S.A.L. Steel ceased as associate after SPA and open offer.

Segment Details

• Company operates a single segment: IRON & STEEL; Ind AS-108 not applicable.

Compliance / Documentation

• New legible machine-readable PDF copy of financial results uploaded.

Shah Alloys Ltd: Trading Window closed from October 01, 2026 till 48 hours after announcement / declaration of Financial Results for Second Quarter ending on September 30, 2026.

AGM Details

• Date, time, mode: 18 September 2026, 12:30 PM; VC/OAVM.
• Notice date: 12 August 2026.
• Remote voting window: 11–17 September 2026; eligibility cut-off 11 September 2026.
• Meeting concluded around 1:25 PM.

Key Resolutions

• Item 1: Ordinary resolution to adopt Audited Financial Statements for the financial year.
• Item 2: Ordinary resolution for re-appointment of director retiring by rotation.
• Item 3: Special resolution to adopt MOA with added main objects.
• Item 4: Special resolution to adopt new Articles of Association.
• Item 5: Special resolution for strategic restructuring and related actions.
• Item 6: Special resolution for sale, lease and monetisation of assets.

Voting Results

• Item 1 passed; 99.48% in favour.
• Item 2 passed; 99.43% in favour.
• Item 3 passed; 84.54% in favour.
• Item 4 passed; 84.54% in favour.
• Item 5 passed; 84.54% in favour.
• Item 6 passed; 84.49% in favour.

Director Changes

• Director re-appointment by rotation approved.

Board updates

• Un-audited Q1 2026 results flagged 'Material Uncertainty Related to Going Concern' by statutory auditors.
• Iron & Steel Plant at Santej closed since August 2025 due to obsolescence and losses.
• Board exploring strategic alternatives including investors, partnerships, lease, sale, or monetisation of assets.
• New MOA and AOA to enable commodity trading and real estate activities; approvals required at AGM.
• Valuation of Plant and Machinery at Santej placed FMV ₹44.195 crore by IBBI-registered valuer.
• Final sale considerations to be determined by the Board; no sale price fixed yet.
• Board authorised CS/CFO to convene 36th AGM, dispatch Notice, and ensure regulatory filings.
• Accounts prepared on going concern basis; impairment provisions not recognised in June 30, 2026 quarter.
• FMV valuation relates only to Plant and Machinery; land and buildings not included.
• 36th AGM notice and annual report to be provided separately; shareholder approvals via Special Resolution.

AGM Details

• Date and time: 18 September 2026 at 12:30 P.M. IST; mode: VC/OAVM.
• Deemed venue: Registered office.

Key Resolutions

• Ordinary: Adopt audited financial statements for year ended 31 March 2026.
• Ordinary: Reappointment of Shri Ashok Sharma by rotation.
• Special: Approve new Memorandum of Association with added main objects.
• Special: Approve new Articles of Association.
• Special: Approve strategic restructuring of the steel plant and related assets.

Disclosure and listing

• Target: Shah Alloys Ltd.
• Disclosure under Reg. 29(1) from Bhadresh J. Shah and Manish J. Shah as Shah Alloys acquirers.
• Shah Alloys listed on BSE and NSE; scrip 513436; NSE symbol SHAHALLOYS.

Aggregate holding and acquisition

• Target: Shah Alloys Limited.
• Acquirers and PACs: Manishkumar Shah, Bhadresh Shah, plus six PACs.
• Acquirers are not in promoter/promoter group.
• Stock exchanges: BSE and NSE.
• Pre-acquisition holding: 872,983 shares, 4.41%.
• Shares acquired: 435,576 shares, 2.20%.
• Post-acquisition holding: 1,308,559 shares, 6.61%.
• Date of crossing 5%: 10 September 2026.
• Mode: Open Market.
• Equity share capital before/after: 19,797,540 shares of Rs 10.
• Date of acquisition/allotment: 9 September 2026.
• Salient features: NA.