SAL Care sells significant SAL Steel stake to Sree Metaliks

SAL Care Private Limited, a promoter of SAL Steel Limited, has divested 1,27,02,506 equity shares and 48,00,000 warrants to Sree Metaliks Limited. This off-market transaction, executed on December 26, 2025, represents 12.09% of SAL Steel's total diluted paid-up share capital. The disposal was carried out as per a Share Purchase Agreement dated September 4, 2025.

Before the transaction, SAL Care Private Limited held 12.19% of the shares with voting rights and 3.32% in warrants. Post-disposal, SAL Care Private Limited no longer holds any equity shares or warrants in SAL Steel and will be reclassified from a "Promoter" to a "Public shareholder."

The total diluted share/voting capital of SAL Steel Limited after the disposition stands at ₹144,76,67,000, comprising 14,47,66,700 equity shares of face value ₹10 each. The transaction was valued at ₹34,75,62,650.