Postal ballot seeks member approval for related party transactions

Board & Shareholder Meetings View source PDF Explain this filing

SALSTEEL · price

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Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹84.83

prior close

₹86.56

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%+1.2% vs market

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.8

10m

-1.9

15m

-1.4

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.4-2.6+1.2

Next day

-3.1-3.6+0.5

-6.5-5.8-0.7

-9.3-5.5-3.8

-11.6-3.8-7.8

-9.9pendingpending

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15d

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Five resolutions in postal ballot. Items 1-2 seek ratification of past material related party transactions: Rs 228.67 Cr loan from Lawrence Merchants (NBFC) and Rs 174.62 Cr with Sree Metaliks (holding co). Items 3-5 seek one-year prior approval (Nov 2026 to Nov 2027): Rs 1050 Cr with Sree Metaliks, Rs 200 Cr loans from Lawrence Merchants, Rs 150 Cr with Elite Metaliks. Sree Metaliks holds 57.51 percent stake. E-voting Oct 20 to Nov 18, 2026.

Likely market impact

Member votes sought for large related party deals including ratification of past transactions and approval of future ones for one year.