S.A.L. Steel Limited has received an intimation from Sree Metaliks Limited, the acquirer, regarding the acquisition of 3,57,50,000 equity shares of SAL Steel Limited. This represents 24.69% of the expanded share capital of SAL Steel Limited and was achieved through the conversion of 3,57,50,000 warrants. The disclosure has been made by Sree Metaliks Limited pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2)(a) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. SAL Steel Limited is submitting this disclosure received from Sree Metaliks Limited to the National Stock Exchange of India Limited and BSE Limited for their record. The announcement was made on February 17th, 2026, by SAL Steel Limited, with the corporate office located in Gandhinagar and registered office in Ahmedabad.
