News Orders & Deals SAL Steel Ownership Restructuring Formalized with SAL Care's Share Disposal DisclosureSAL Steel Ownership Restructuring Formalized with SAL Care's Share Disposal Disclosure
SAL Steel's ownership restructuring has been formalized with SAL Care Private Limited's regulatory disclosure of share disposal to Sree Metaliks Limited. The off-market transaction completed on December 26, 2025, involved transfer of 1.27 crore equity shares and 48 lakh warrants, resulting in SAL Care's complete exit from promoter status and reclassification as public shareholder.
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SAL Steel has completed a comprehensive ownership restructuring with the formal disclosure of share disposal by SAL Care Private Limited to Sree Metaliks Limited. The transaction, executed through off-market transfer on December 26, 2025, marks the complete exit of the original promoter and establishes Sree Metaliks Limited as the new controlling entity.
Share Disposal Transaction Details
SAL Care Private Limited has formally disclosed the disposal of its entire shareholding to Sree Metaliks Limited under SEBI regulations. The transaction was completed pursuant to a Share Purchase Agreement dated September 04, 2025, with the actual transfer executed on December 26, 2025.
| Transaction Components: | SAL Care Pvt Ltd | Details |
|---|---|---|
| Equity Shares Disposed: | 1,27,02,506 shares | 8.77% of total capital |
| Warrants Transferred: | 48,00,000 warrants | 3.32% of diluted capital |
| Transfer Mode: | Off-market | Share Purchase Agreement |
| Transaction Date: | December 26, 2025 | Formal completion |
Promoter Reclassification and Regulatory Compliance
Following the share disposal, SAL Care Private Limited has been reclassified from "Promoter" to "Public Shareholder" status in accordance with SEBI SAST Regulations and SEBI LODR Regulations. The company confirmed compliance with all regulatory requirements for the promoter exit and subsequent reclassification of Sree Metaliks Limited as the new promoter.
| Regulatory Compliance: | Status | Reference |
|---|---|---|
| SEBI SAST Regulation 29(2): | Compliant | Disclosure filed |
| SEBI PIT Regulation 7(2)(a): | Compliant | Transaction disclosed |
| Promoter Reclassification: | Completed | December 26, 2025 |
| Public Shareholder Status: | SAL Care Pvt Ltd | Post-transaction |
Capital Structure Impact
The transaction maintains the existing equity share capital structure of ₹104.22 crores, consisting of 10,42,16,700 equity shares of face value ₹10.00 each. The total diluted share capital, including convertible warrants, stands at ₹144.77 crores representing 14,47,66,700 potential equity shares.
| Capital Structure: | Pre-Transaction | Post-Transaction |
|---|---|---|
| Equity Share Capital: | ₹104.22 crores | ₹104.22 crores |
| Total Equity Shares: | 10,42,16,700 | 10,42,16,700 |
| Diluted Capital: | ₹144.77 crores | ₹144.77 crores |
| SAL Care Holding: | 12.09% | 0.00% |
Sree Metaliks Limited's Enhanced Position
With the acquisition of SAL Care's shareholding and the previous warrant conversion of 48,00,000 shares, Sree Metaliks Limited has strengthened its position as the controlling shareholder. The company now holds significant influence over SAL Steel's strategic direction and operational decisions.
The formal disclosure by SAL Care Private Limited under SEBI regulations provides transparency regarding the ownership transition and ensures compliance with all applicable securities laws. This restructuring represents a complete transformation of SAL Steel's promoter structure, establishing a new phase of corporate governance under Sree Metaliks Limited's leadership.
Historical Stock Returns for SAL Steel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.97% | -3.86% | -10.66% | +139.26% | +96.94% | +907.95% |
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