Sree Metaliks converts warrants, stake rises to 57.51% in SAL Steel

Promoter Stake BuyOwnership Changes View source PDF Explain this filing

SALSTEEL · price

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

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-0.2% vs market

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Sree Metaliks, part of SAL Steel's promoter group, converted 3,57,50,000 warrants into equity shares, equal to 24.69% of expanded share capital. Post-conversion, Sree Metaliks holds 57.51% (8,32,62,199 shares) in SAL Steel. Date of acquisition: Feb 14, 2026. Expanded share capital of SAL Steel now stands at Rs 144.77 crore with 14,47,66,700 equity shares of Rs 10 each.

Likely market impact

Promoter group entity Sree Metaliks strengthens its controlling stake to 57.51% in SAL Steel via warrant conversion, consolidating majority control.