SAL Steel Limited has informed the stock exchanges that its board of directors will meet on Friday, May 29, 2026. The primary agenda of the meeting is to consider and approve the audited standalone financial results of the company for the quarter and financial year ended on March 31, 2026. The board will also transact other business during the session.

In compliance with Regulation 29 of the SEBI (LODR) Regulations, 2015, the company has intimated the exchanges regarding the upcoming meeting. This disclosure follows an earlier intimation dated February 10, 2026, which detailed the closure of the trading window.

The trading window for dealing in the shares of the company for persons specified under the code is closed. This closure is effective from April 1, 2026, and will remain in force until 48 hours after the audited standalone financial results are approved by the board and filed with the stock exchanges.

The intimation was addressed to the Department of Corporate Service at BSE Limited and the Manager of the Listing Department at the National Stock Exchange of India Limited. The company's scrip code on the BSE is 532604, and it trades under the symbol SALSTEEL on the NSE.

SAL Steel Limited has disclosed the results of its postal ballot conducted through remote e-voting, confirming that shareholders have approved the proposal regarding the company's borrowing limits. The resolution, which was passed as a special resolution, authorizes the Board of Directors to determine the overall borrowing limits of the company and to create mortgages or charges on the company's assets.

Postal Ballot Details

The remote e-voting process was held pursuant to a Postal Ballot Notice dated March 28, 2026. The voting window was open for thirty days, commencing at 9:00 a.m. IST on Saturday, April 18, 2026, and concluding at 5:00 p.m. IST on Sunday, May 17, 2026. The record date for determining the eligibility of shareholders was March 27, 2026.

Voting Results

A total of 118 members participated in the voting process. The resolution received overwhelming support from the shareholders, with 99.99% of the valid votes cast in favor. The scrutinizer's report, dated May 19, 2026, confirmed the passing of the resolution with the requisite majority.

Breakdown of Votes

The company has submitted the scrutinizer's report to the stock exchanges and requested that the submission be placed on record.