S.A.L. Steel Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SALSTEEL · price
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S.A.L. Steel Limited has submitted the scrutinizer's report and voting results of a postal ballot conducted via remote e-voting between 21st February 2026 and 22nd March 2026. Out of 55,863 eligible shareholders, 109 members participated in the voting. All seven resolutions were passed with overwhelming majority, receiving 99.99% votes in favor (approximately 4.40 crore shares). The resolutions included appointments of Shri Mahesh Kumar Agarwal as Managing Director and Chairperson, Shri Kaustubh Agarwal as Managing Director, Shri Hiren S. Mahadevia as Independent Director, Shri Anil Kumar Singh as Whole Time Director, and Shri Rajesh Mangal as Non-Executive Non-Independent Director. Two resolutions also approved remuneration payments to certain directors. The scrutinizer was Kamlesh M. Shah & Co., Practicing Company Secretaries.
Shareholders have strongly endorsed the company's board restructuring and management appointments, with negligible dissent (0.01%). This reflects confidence in the new leadership team and clears the way for these appointments and remuneration decisions to take effect, though it is a routine corporate governance event with limited direct impact on stock price.