S.A.L. Steel Limited has announced a significant change in its promoter structure. Sree Metaliks Limited, the acquirer, has successfully completed its Open Offer on December 11, 2025, acquiring 2,704 equity shares tendered in the offer. This follows a Share Purchase Agreement (SPA) executed earlier between Shah Alloys Limited and SAL Care Private Limited (the Sellers) and Sree Metaliks Limited. The Board of Directors, in its meeting held on December 28, 2025, recorded the transfer of 1,07,56,989 equity shares from Shah Alloys Limited and 1,27,02,506 equity shares along with 48,00,000 warrants from SAL Care Private Limited, all in favor of Sree Metaliks Limited. Consequently, Sree Metaliks Limited has acquired control over the management and affairs of S.A.L. Steel Limited, reclassifying it from a public shareholder to a promoter. Concurrently, SAL Care Private Limited ceases to be a promoter as it no longer holds equity shares in the company, fulfilling the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.