S.A.L. Steel Appoints Independent Woman Director; Reviews Q1 Financials and Approves AGM Notice
S.A.L. Steel Limited announced key corporate governance updates following its Board meeting held on August 14, 2026. The company appointed Mrs. Monika Goyal as an Additional Non-Executive, Independent Woman Director. Additionally, the board reviewed the Un-audited Standalone Financial Results for the quarter ended June 30, 2026, and approved the notice for the upcoming Annual General Meeting (AGM).The Board meeting conducted on Friday, August 14, 2026, formally appointed Mrs. Monika Goyal (DIN: 11881952) as an Additional Director in the capacity of Non-Executive, Independent Woman Director. This appointment is effective from August 14, 2026, for a term of five years, subject to the approval of the company's members.
The company confirmed that Mrs. Monika Goyal is not related to any existing directors and is not debarred from holding the office of director by virtue of any SEBI order or other such authority.
Annual General Meeting and Board Approvals
During the meeting, the Board of Directors approved the Directors' Report for the financial year ended March 31, 2026. Furthermore, the Board sanctioned the Notice of the 23rd Annual General Meeting (AGM) for the Financial Year 2025-26, which is scheduled to be held on September 25, 2026.The Board also appointed Mr. Kamlesh M. Shah of M/s. Kamlesh M. Shah, Practicing Company Secretaries, Ahmedabad as the Scrutinizer for the AGM to ensure a fair and transparent e-voting process.
Un-audited Financial Results
Management presented the un-audited standalone financial results for the quarter ended on June 30, 2026. These results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The results show details across various operational metrics, compared against previous periods.Key components of the Un-audited Standalone Financial Results (in Rs. Crores) are summarized below:
| Particulars | 30-Jun-26 (Un Audited) | 31-Mar-26 (Audited) | 30-Jun-25 (Un Audited) | 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 87.37 | 11.93 | 127.55 | 207.40 |
| Other Operating Income | 0.00 | 0.04 | 0.13 | 0.17 |
| Total Revenue | 87.37 | 11.97 | 127.68 | 207.57 |
| Cost of Materials consumed | 65.86 | 34.71 | 105.72 | 198.89 |
| Changes in inventories of finished goods, work-in-progress | (7.93) | (33.43) | 10.35 | (41.95) |
| Employee benefits expense | 3.36 | 0.37 | 3.31 | 7.00 |
| Finance Costs | 6.25 | 4.57 | 4.93 | 20.31 |
| Depreciation and amortisation expenses | 2.77 | 2.79 | 2.69 | 10.86 |
| Consumption of stores & Spares | 1.58 | 0.22 | 2.14 | 6.22 |
| Power Cost and cost of power generation | 7.37 | 118.00 | 8.92 | 15.11 |
| Other Expenses | 3.57 | 1.83 | 2.56 | 7.61 |
| Total Expenses | 82.84 | 12.24 | 140.62 | 224.06 |
| Profit / (Loss) before exceptional and extraordinary items | 453.00 | (0.28) | (12.93) | (16.48) |
| Profit/ (Loss) after tax | 3.09 | (1.03) | (9.67) | (0.35) |
The Un-audited results were reviewed and approved by the Board of Directors at its meeting on August 14, 2026.
SALSTEEL Stock Price Movement
Shares of S.A.L. Steel Limited are surging as of 1:32 PM, trading at ₹71.59, which reflects a solid rise of 3.23% in live trading today. The stock maintains significant volatility, having rallied from a day low of ₹67.72 and testing an intraday high of ₹73.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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