SAL Steel
41.00
+0.40(+0.99%)
Market Cap₹348.36 Cr
PE Ratio-33.55
Company Performance:
1D+0.99%
1M+17.85%
6M+130.47%
1Y+82.14%
5Y+736.73%
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More news about SAL Steel
21Nov 25
SAL Steel Publishes Post-Offer Advertisement Following Sree Metaliks Open Offer
SAL Steel Limited has published a post-offer advertisement following the completion of Sree Metaliks Limited's open offer to acquire 3,76,39,342 equity shares representing 26% stake at ₹25 per share. The advertisement was published across multiple newspapers on December 22, 2025, in compliance with SEBI regulations, with payment scheduled for December 30, 2025.
14Nov 25
SAL Steel Reports Profit Amid Auditor Concerns and Ownership Transition
SAL Steel Limited reported a net profit of Rs 3.73 crore for Q2 2023, reversing a loss of Rs 9.68 crore in Q1. Total revenue decreased by 48.52% to Rs 65.73 crore. Auditors highlighted unprovided electricity duty of Rs 12.69 lakh and non-impairment of Capital Work in Progress worth Rs 100.94 lakh. The company is undergoing an ownership transition, with current promoters selling shares to Sree Metaliks Limited, who will also subscribe to new shares and warrants for Rs 99 crore.
03Nov 25
Sree Metaliks Acquires 39.30% Stake in SAL Steel Through Preferential Allotment
Sree Metaliks Limited has acquired a 39.30% stake in SAL Steel through a preferential allotment. The acquisition includes 1,92,50,000 equity shares at Rs. 18 per share, totaling Rs. 34.65 crores, and 3,57,50,000 convertible warrants at Rs. 18 each, valued at Rs. 64.35 crores. The equity shares represent 13.57% of SAL Steel, while the warrants, convertible within 18 months, account for 25.34%. The transaction, completed on November 1, 2025, will lead to Sree Metaliks being classified as a promoter of SAL Steel after an open offer, with existing promoters losing their status.
01Nov 25
SAL Steel Announces Major Share and Warrant Allotment to Sree Metaliks
SAL Steel Limited's Board of Directors approved a preferential allotment to Sree Metaliks Limited on October 30, 2025. The allotment includes 1,92,50,000 equity shares and 3,57,50,000 warrants. This significant issuance was promptly reported to both BSE and NSE, in compliance with SEBI regulations. The move suggests a potential strategic partnership, capital raising effort, or possible change in ownership structure for SAL Steel.
31Oct 25
SAL Steel Allots ₹99 Crore in Equity Shares and Warrants to Sree Metaliks, Signaling Ownership Shift
SAL Steel Limited has approved a preferential allotment of 1.93 crore equity shares and 3.58 crore convertible warrants to Sree Metaliks Limited at ₹18 per unit, totaling ₹99 crore. The transaction includes 1.93 crore equity shares for ₹34.65 crore and 3.58 crore warrants for ₹64.35 crore. Sree Metaliks has paid an initial ₹16.09 crore for the warrants. This deal will increase SAL Steel's paid-up equity capital from ₹84.97 crore to ₹104.22 crore. Upon completion and full conversion of warrants, Sree Metaliks is expected to hold a 37.99% stake in SAL Steel and become a promoter, while existing promoters will lose this status.
12Sept 25
Sree Metaliks Launches ₹94 Crore Open Offer for SAL Steel, Aims to Acquire 26% Stake
Sree Metaliks Limited has announced an open offer to acquire up to 26% of SAL Steel Limited for ₹94.09 crore at ₹25 per share. This follows agreements to purchase shares from current promoters and a preferential allotment of new shares and warrants. If successful, Sree Metaliks could hold a 96.98% stake in SAL Steel. The offer opens on October 31, 2025, and closes on November 14, 2025. This move signifies a major shift in SAL Steel's ownership and control.
05Sept 25
SAL Steel Announces Major Stake Sale and Preferential Issue to Sree Metaliks Limited
SAL Steel Limited's board approved a significant ownership change and capital infusion. Sree Metaliks Limited will acquire shares from current promoters, becoming the new promoter. A preferential issue of ₹99 crore to Sree Metaliks includes equity shares and convertible warrants at ₹18 per share. Funds will be used for working capital, a new pellet plant, facility upgrades, and infrastructure improvements. The transaction involves a mandatory open offer and reclassification of existing promoters as public shareholders. SAL Steel's authorized share capital will increase to ₹145 crore.
04Sept 25
SAL Steel Approves Strategic Agreements with Sree Metaliks, Paving Way for New Promoter
SAL Steel Limited's board has approved two key agreements with Sree Metaliks Limited. A Share Purchase Agreement will see current promoters sell a substantial stake to Sree Metaliks, making it the new promoter. A Share Subscription Agreement will raise ₹99 crores through issuance of new shares and warrants. The authorized share capital will increase from ₹140 crores to ₹145 crores. Post-transaction, Sree Metaliks is expected to hold a 37.99% stake in SAL Steel. The deals are subject to shareholder and regulatory approvals.
14Aug 25
SAL Steel Reports Net Loss of Rs 9.68 Crore in Q1 Amid Rising Expenses
SAL Steel, a Ferro Alloys and Sponge Iron manufacturer, reported a net loss of Rs 9.68 crore for Q1 FY2023-24, compared to a net profit of Rs 0.16 crore in Q1 FY2022-23. Revenue from operations increased to Rs 127.55 crore from Rs 110.70 crore year-on-year. However, total expenses surged to Rs 140.62 crore, resulting in a loss before tax of Rs 12.94 crore. Rising material costs, inventory changes, and increased finance costs contributed to the loss. The company's EPS for the quarter was negative Rs 1.14. Auditors highlighted non-provision of Electricity Duty and failure to impair Capital Work in Progress as key issues.
SAL Steel
41.00
+0.40
(+0.99%)
1 Year Returns:+82.14%
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