Shri Rajendrakumar Shah Resigns as Chairman & Non-Executive Director of SAL Steel
S.A.L. Steel Limited has announced the resignation of Shri Rajendrakumar Shah from his position as Non-Executive Director and Chairperson of the company. His resignation will be effective from the clo...
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Why is S.A.L. Steel Limited in the news today?
S.A.L. Steel Limited (SALSTEEL) is in the news due to the resignation of a director is a standard corporate event. while it follows an acquisition, there is no immediate indication of positive or negative financial impact from this specific announcement.
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Shri Rajendrakumar Shah Resigns as Chairman & Non-Executive Director of SAL Steel
December 23, 2025, 11:03 AM
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S.A.L. Steel Limited has announced the resignation of Shri Rajendrakumar Shah from his position as Non-Executive Director and Chairperson of the company. His resignation will be effective from the closure of business hours on December 23, 2025.
This resignation is a consequence of the acquisition of the company by Sree Metaliks Limited, identified as the "Acquirer". The company has submitted the necessary disclosure as per Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, along with relevant SEBI circulars. Detailed information regarding the change, including the reason for resignation and the cessation date, has been provided.
No additional details regarding Shri Shah's profile or relationships between directors were deemed applicable for disclosure in this context.
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