SAL Steel Ltd has appointed Anil Kumar Singh as its Chief Financial Officer (CFO) effective July 01, 2026, strengthening its senior leadership with a veteran executive possessing over three decades of experience. The Board of Directors approved the appointment during a meeting held on July 01, 2026, following recommendations from the Nomination and Remuneration Committee and the Audit Committee. This strategic move aims to bolster the company's financial governance as it continues operations in the steel sector.

The appointment complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 203 of the Companies Act, 2013. Singh assumes the role of Key Managerial Personnel (KMP) immediately, succeeding the previous executive structure. The company disclosed that Singh is not related to any Director or Key Managerial Personnel of the company, ensuring adherence to corporate governance norms.

Anil Kumar Singh is a qualified Cost and Works Accountant (ICWA) and a B.Com graduate. His career spans over 35 years, with significant leadership roles including President of Sree Metaliks Limited and Chief Operating Officer (COO) of Tembo Steels (U) Limited in Uganda, Africa. His expertise covers technical operations such as Steel Melting Shops and Continuous Casting Machines, alongside strategic financial governance, procurement, and logistics.

The Board meeting commenced at 13:00 hrs and concluded at 14:00 hrs on July 01, 2026. The detailed disclosure regarding the appointment was submitted to the stock exchanges as per regulatory requirements. Devilal J. Shah, Company Secretary and Compliance Officer, signed the disclosure on behalf of SAL Steel Limited.

Key Details of Appointment

The promoters and promoter group of sal steel have confirmed that they have not encumbered any shares, directly or indirectly, as on 31 March 2026. This declaration excludes any encumbrances previously disclosed during the financial year 2025-26. The disclosure was submitted to the company's Audit Committee in compliance with regulatory requirements.

The confirmation was provided pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The declaration was made on behalf of the Promoter and Promoter Group and for Shah Alloys Limited. The document was signed by Rajendrakumar Shah, Chairman & Director.

Copies of the disclosure have been forwarded to the Bombay Stock Exchange Ltd. and the National Stock Exchange of India Ltd. for their records. The BSE scrip code for the company is 532604, and it trades on the NSE under the symbol SALSTEEL.