SAL Steel Promoter SAL Care Private Limited Exits Completely Through 12.09% Stake Sale

SAL Steel has announced a significant ownership change as its promoter SAL Care Private Limited has completely exited its shareholding through an off-market disposal transaction. The company disclosed this development under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2)(b) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

SAL Care Private Limited disposed of its entire 12.09% stake in SAL Steel Limited through off-market transfer to Sree Metaliks Limited, transitioning from promoter to public shareholder status. The transaction was executed through an off-market transfer mode on December 26, 2025, pursuant to a Share Purchase Agreement dated September 04, 2025.

Transaction Parameter	Details
Equity Shares Disposed	1,27,02,506 shares
Warrants Disposed	48,00,000 warrants
Total Stake Percentage	12.09% of diluted share capital
Acquirer	Sree Metaliks Limited
Transaction Date	December 26, 2025
Transaction Mode	Off-market transfer

Shareholding Structure Impact

Prior to this transaction, SAL Care Private Limited held 8.77% through equity shares and 3.32% through warrants, totaling 12.09% of the company's diluted share capital. The complete disposal means the entity no longer holds any equity shares or warrants in SAL Steel Limited.

Holding Category	Before Transaction	After Transaction
Equity Shares	1,27,02,506 (8.77%)	Nil
Warrants	48,00,000 (3.32%)	Nil
Total Holding	1,75,02,506 (12.09%)	Nil

Regulatory Compliance and Reclassification

SAL Care Private Limited has confirmed that following the execution of this transaction, it will be reclassified from "Promoter" to "Public shareholder" status in accordance with SEBI (SAST) Regulations and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This reclassification represents a significant change in the company's promoter structure.

Company Capital Structure

The transaction does not affect SAL Steel Limited's overall capital structure. The company's equity share capital remains at ₹104,21,67,000, consisting of 10,42,16,700 equity shares of face value ₹10 each, fully paid. The total diluted share capital stands at ₹144,76,67,000, comprising 14,47,66,700 equity shares of face value ₹10 each, fully paid.

The disclosure was signed by Radhika Soni, Company Secretary & Compliance Officer of SAL Steel Limited, and Devi Shankar Budh Ram, Director of SAL Care Private Limited, both dated December 27, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.55%	+3.49%	-6.06%	+143.70%	+78.17%	+965.38%

SAL Steel Limited has announced a significant acquisition by Sree Metaliks Limited, involving the purchase of 2,34,59,495 equity shares and 48,00,000 warrants representing collectively 19.52% of the company's expanded share capital. The acquisition was executed pursuant to a Share Purchase Agreement dated September 4, 2025, as disclosed under SEBI regulations on December 26, 2025.

Acquisition Details

The transaction was conducted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015. The acquisition structure includes both equity shares and warrants:

Component:	Quantity	Details
Equity Shares:	2,34,59,495	Direct acquisition
Warrants:	48,00,000	Convertible instruments
Total Stake:	19.52%	Of expanded share capital
Agreement Date:	September 4, 2025	Share Purchase Agreement

Regulatory Compliance

SAL Steel received formal intimation from Sree Metaliks Limited as the acquirer, fulfilling disclosure requirements under multiple SEBI regulations. The company has submitted the necessary documentation to both NSE and BSE exchanges as mandated by regulatory frameworks.

Regulation:	Purpose
SEBI (SAST) Regulation 29(2):	Substantial acquisition disclosure
SEBI (PIT) Regulation 7(1)(b):	Insider trading compliance
SEBI (PIT) Regulation 7(2)(a):	Additional disclosure requirements

Corporate Structure Impact

This acquisition represents a significant development in SAL Steel's shareholding pattern, with Sree Metaliks Limited emerging as a substantial shareholder. The transaction involves both immediate equity participation through shares and potential future dilution through warrant conversion.