SAL Steel Limited has announced a key leadership change with the resignation of Shri Babulal M Singhal from his position as Whole Time Director. The company informed stock exchanges about this corporate development through a regulatory filing under SEBI disclosure requirements.

Director Resignation Details

Shri Babulal M Singhal (DIN: 01484213) tendered his resignation from the directorship of the company effective from the conclusion of the Board meeting held on February 14, 2026. The resignation was attributed to personal and unavoidable circumstances, as stated in the company's official communication to the stock exchanges.

Continued Role as CFO

Despite stepping down from his directorship position, Babulal M Singhal will continue to serve as the Chief Financial Officer (CFO) of SAL Steel Limited. This arrangement ensures continuity in the company's financial leadership while accommodating the director's personal circumstances that necessitated his resignation from the board.

Regulatory Compliance

The company has fulfilled its regulatory obligations by filing the necessary disclosures under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The intimation was sent to both BSE Limited and National Stock Exchange of India Limited, along with detailed annexures as required by SEBI circulars dated September 9, 2015, and July 13, 2023.

Company Information

SAL Steel Limited operates with its corporate office located at Shah Alloys Corporate House, Sola-Kalol Road, Santej, Ta. Kalol, Dist. Gandhinagar, and its registered office in Ahmedabad. The company's manufacturing facility is situated at Village Bharapar, Tal. Gandhidham, Dist. Kutch-Bhuj. The resignation announcement was signed by Kaustubh Agarwal, Managing Director (DIN: 08110836), ensuring proper authorization and compliance with corporate governance requirements.

SAL Steel Limited has announced a key board appointment, naming Shri Rajesh Mangal as an Additional Director in a non-executive capacity. The appointment reflects the company's ongoing efforts to strengthen its board composition and governance structure.

Board Appointment Details

The company's board has approved the appointment of Shri Rajesh Mangal, bearing Director Identification Number (DIN) 10562605, as an Additional Director designated as Non-Executive Non Independent Director. The appointment takes effect from February 14, 2026, marking a significant addition to the company's leadership team.

Regulatory Compliance and Approval Process

The appointment has been made in accordance with regulatory requirements under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The decision was taken on the recommendation of the company's Nomination and Remuneration Committee, demonstrating adherence to proper governance protocols.

The appointment is subject to approval by the members of the company and has been made pursuant to sections 161, 203 and other applicable provisions of the Companies Act, 2013. Additionally, it complies with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Corporate Communication

SAL Steel Limited has formally communicated this appointment to both BSE Limited and the National Stock Exchange of India Limited, fulfilling its disclosure obligations under Regulation 30 of the listing regulations. The company has also provided detailed disclosures as required under SEBI circulars CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The appointment represents part of SAL Steel Limited's commitment to maintaining robust corporate governance standards and ensuring appropriate board composition to guide the company's strategic direction.