S.A.L. Steel Limited
Incorporated in 2003, SAL Steel Ltd does manufacturing of Sponge Iron, Ferro Alloys and Power
What S.A.L. files
- Others83
- Updates20
- Board Meeting19
- Important14
- Results3
- Insider Trade1
SAL Steel secured a ₹150 Cr working capital loan from Yes Bank. This crucial funding, backed by company assets and personal/corporate guarantees, boosts operational liquidity and supports future growth initiatives.
SAL Steel formed an Independent Directors Committee to evaluate the Open Offer from Sree Metaliks Ltd. for acquiring SAL Steel equity shares. The committee includes Mitesh V. Jariwala (Chairman), Bipinbhai A. Gosalia, and Nipa J. Shah.
Sree Metaliks acquired 1.925 Cr equity shares and 3.575 Cr warrants in SAL Steel via preferential allotment. This results in Sree Metaliks holding 39.30% of the expanded share capital, a significant change in SAL Steel's ownership structure.
SAL Steel's Board has completed a preferential allotment of 1.925 Cr equity shares and 3.575 Cr warrants. This capital raise could support future business developments and warrants monitoring by investors.
SAL Steel has announced a board meeting to review the financial results for the quarter and half-year. The company incurred fines totaling ₹89,680 for delayed appointment of a qualified Company Secretary and Compliance officer due to candidate shortages. To strengthen governance, SAL Steel appointed Mrs. Radhika P. Soni as Company...