S.A.L. Steel Limited (SALSTEEL) — Voting Results

📢 Key Event
All resolutions in postal ballot passed with requisite majority including borrowing limits approval.

🔄 What Changed
99.99% approval for special resolution authorizing asset mortgages and borrowing limits; 118 members voted remotely.

🔮 What's Next
None

💡 Investor Takeaway
Shareholders approved key financial authorizations, signaling strong endorsement of capital management plans.

S.A.L. Steel Limited announced that all resolutions in its May 17, 2026 postal ballot were passed with requisite majority, including a special resolution approving borrowing limits and authorizing asset mortgages, achieving 99.99% approval. The voting concluded remotely via NSDL platform after a 30-day period starting April 18, with 118 members casting votes across 4,36,63,312 valid votes. Scrutinizer Kamlesh M. Shah confirmed compliance with SEBI and Companies Act norms, handing records to the company secretary for AGM minute approval.

📄 View Original Announcement (PDF)

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