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S.A.L. Steel Ltd. ( (IN:SALSTEEL) ) has shared an announcement.
S.A.L. Steel Ltd. has disclosed that its promoter entity, SAL Care Private Limited, has disposed of 12.09% of the company’s total diluted paid-up share capital, comprising 12,702,506 equity shares and 4,800,000 warrants, via an off-market transaction to Sree Metaliks Limited under a share purchase agreement dated 4 September 2025, executed on 26 December 2025. Following this transaction, SAL Care Private Limited no longer holds any equity shares in S.A.L. Steel Ltd. and is set to be reclassified from promoter to public shareholder, signaling a significant change in the company’s shareholding pattern and promoter structure with potential implications for control and governance dynamics.
More about S.A.L. Steel Ltd.
S.A.L. Steel Ltd., based in Gujarat, operates in the steel industry, manufacturing steel products from its facilities in Kutch-Bhuj, with a corporate presence in Gandhinagar and Ahmedabad and listings on both the National Stock Exchange of India and BSE.
Average Trading Volume: 58,739
Technical Sentiment Signal: Buy
Current Market Cap: 3.55B INR
For a thorough assessment of SALSTEEL stock, go to TipRanks’ Stock Analysis page.