S.A.L Steel (SALSTEEL) — Annual Report

📢 Key Event
Submission of Annual Report 2025-26 and notice of 23rd AGM on September 25, 2026

🔄 What Changed
Net loss narrowed to ₹0.35 crore; share capital increased to ₹145 crore; new directors appointed; AGM scheduled via VC

🔮 What's Next
The Board expects operational restoration post-transition; focus on cost management and capacity utilization; no dividend proposed

💡 Investor Takeaway
Net loss improved significantly year-on-year but remains in loss territory; capital restructuring completed with new shareholders; governance changes underway

S.A.L Steel Limited, a BSE-listed manufacturer of sponge iron, ferro alloys and captive power, reported a standalone net loss of ₹0.35 crore for FY 2025-26, down from ₹6.42 crore loss in FY 2024-25, due to plant shutdown and management transition. The company increased authorized share capital to ₹145 crore, issued preferential equity shares and warrants to Sree Metaliks Limited, and appointed new directors including Chairman Mahesh Kumar Agarwal, Managing Director Kaustubh Agarwal, Whole-time Director Anil Kumar Singh, and Independent Director Hiren S Mahadevia. The 23rd AGM is scheduled for September 25, 2026 via VC. No dividend was recommended. Key appointments include Devilal J Shah as Company Secretary and Compliance Officer. The Board approved remuneration for cost auditors and regularized the appointment of Mrs. Monika Goyal as an Independent Woman Director. Material risks include raw material price volatility, energy cost fluctuations, and regulatory compliance. The company maintains a whistleblower mechanism and has implemented a risk management framework.

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About S.A.L Steel Ltd (SALSTEEL)

Metals & Mining · Steel · Listed on BSE

Market Cap: ₹1,190.13 Cr P/E: 65.3 ROE: 34.8% ROCE: 18.1%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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