S.A.L. Steel Limited has informed the Exchange regarding 'Disclosure Pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.'.
SALSTEEL · price
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S.A.L. Steel Limited informed the exchanges that Sree Metaliks Limited, part of the promoter group, has been allotted 1,92,50,000 equity shares and 3,57,50,000 warrants through a preferential allotment approved by the Board on October 30, 2025. The total transaction value is Rs. 99 crore, excluding taxes and charges. Prior to this allotment, Sree Metaliks held no shares in the company, and post-allotment their holding stands at 24.69%. The shares and warrants were issued in compliance with SEBI insider trading disclosure norms under Regulation 7(2).
This preferential allotment brings Rs. 99 crore into the company and increases the promoter group's direct holding to a significant 24.69%, signaling strong promoter confidence and capital infusion, though existing public shareholders will see their proportionate stake diluted.