S.A.L. Steel Limited has announced a significant change in its shareholding structure. Shah Alloys Limited, a promoter of SAL Steel, has disposed of 1,07,56,989 equity shares, representing 7.43% of the company's total expanded and diluted paid-up share capital. This transaction was an off-market transfer executed pursuant to a Share Purchase Agreement dated September 4, 2025. The disposal took place on December 12, 2025, as intimated to the company on December 26, 2025. Prior to this disposition, Shah Alloys Limited held 3,02,56,989 equity shares, constituting 29.03% of the total expanded and diluted paid-up share capital. After the sale, their holding has reduced to 1,95,00,000 equity shares, representing 13.47% of the total diluted share capital. The equity share capital of SAL Steel Limited remains unchanged at ₹104.21 crore, consisting of 10,42,16,700 equity shares of face value ₹10 each. However, the total diluted share capital after the disposition is ₹144.76 crore, comprising 14,47,66,700 equity shares of face value ₹10 each. The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.