S.A.L. Steel Ltd Announces CFO Resignation Effective April 6, 2026
S.A.L. Steel Ltd confirmed the resignation of Shri Babulal M Singhal from the role of Chief Financial Officer. The resignation is effective from the close of business hours on April 6, 2026, citing personal and unavoidable circumstances.The details regarding this Key Managerial Personnel change were reported as follows.
| Disclosure Requirement | Details |
|---|---|
| Reason for change viz. appointment, resignation, removal, death or otherwise | Resignation of Shri Babulal M Singhal (KMP) from the post of Chief Financial Officer of the Company due to Personal and unavoidable Circumstances. |
| Date of appointment/cessation (as applicable) & term of appointment | With effect from Close of Business hours on April 6th, 2026. |
| Brief Profile | Not Applicable |
| Disclosure of between Directfors relationships | Not Applicable |
| Information as required pursuant to BSE Circular with ref. no. LIST/COMP/14/2018- 19 and the National Stock Exchange of India Limited Circular with ref. no. NSE/CML/2018/ 24, both dated 20th June, 2018 | Not Applicable |
Shri Babulal M Singhal tendered his resignation from the post of Chief Financial Officer, conveying thanks to the Chairman, the Board of Directors, CFO, Senior Management, and Colleagues of the Company.
The company confirmed the resignation details through a formal communication process pertaining to the cessation of Shri Babulal M Singhal's duties as Chief Financial Officer (Key Managerial Personnel) with effect from the close of business hours on April 6, 2026.
SALSTEEL Stock Price Movement
S.A.L. Steel Limited is in live trading today, with the stock currently climbing to ₹40.53, capturing a 0.92% lift from previous levels. Significant investor participation propels the equity, with the stock trading amid a substantial volume of 109,902 units.Source:
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