Summary of Proceedings of 23rd Annual General Meeting ("AGM") of the Company held on Friday, 25th September, 2026 pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulation, 2015

SAL STEEL LTD. \ Reg. Office: 604, Zion 21, Near Avalon Hotel, Sindhu Bhawan Road, Bodakdev, Ahmedabad-380059 (india) Corporate Office: 4th Floor, B-Wing, Milestone Experion Centre, Sector 15 Part 2, Gurgaon — 122001 September 25, 2026 Department of Corporate Service, Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy Tower, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, Plot No C/1, G-Block, Mumbai — 400001 Bandra — Kurla Complex, Bandra (E), Mumbai — 400051 BSE Serip Code: 532604 NSE Symbol — SALSTEEL Dear Sir/Madam, Sub: Summary of Proceedings of 234 Annual General Meeting (“AGM”) of the Company held on Friday, 25" September, 2026 pursuant to Regulation 30 read with Part A of Schedule Il of SEBI (LODR) Regulation, 2015. Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that 234 Annual General Meeting of the members of S A L Steel Limited was held today on Friday, 25th September, 2026 at 12:30 P.M. through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in accordance with the relevant circulars issued by Ministry of Corporate Affairs, Government of India and the Securities and Exchange Board of India. You are requested to take the same on record and acknowledge the receipt of the same. Thanking You. Yours faithfully, For & on behalf of S A L Steel Limited Devilal J Shah Company Secretary and Compliance Officer ICSI Mem. No: A58287 fl Plant Addr:e Susrvsey No, 245, Tal, Bharapar, Gandhidham, Gujarat 370205, CIN: L29199GJ2003PLC043148 SAL STEEL LTD. \ Rog. offce: 604, Zion 21, Near Avalon Hotel, Sindhu Bhawan Road, Bodakdev, Ahmedabad-380059 (Indic) Comporate Office 4th Foor, 8-Wing, Migstono Exparion Contre, Séctor 13 berk 2. Gurgaon - 122001 SUMMARY OF PROCEEDINGS OF THE 23rd ANNUAL GENERAL MEETING OF S A L STEEL LIMITED The 23rd Annual General Meeting (“AGM”) of SAL Steel Limited (“the Company”) was held today on Friday, 25th September, 2026 at 12:30 P .M. (IST), through Video Conferencing/Other Audio-Visual Means (“VC/OAVM”) facility, in compliance with the General Circulars issued by the Ministry of Corporate Affairs (“MCA”) and Circulars issued by the Securities Exchange and Board of India (“the SEBI”) and as per the applicable provisions of the Companies Act, 2013, and the Rules made thereunder. The deemed venue of the AGM was the Registered Office of the Company, i.e 604, Zion Z1, Near Avalon Hotel, Sindu Bhawan Road, Bodakdev, Ahmedabad-380059. The following Directors & KMP’s were present through VC during the meeting. Sr. No. | Name of the Persons Designation 1. Shri Mahesh Kumar Agarwal Chairman and Managing Director 2. Shri Kaustubh Agarwal Managing Director 3. Shri Anil Kumar Singh Whole Time Director and CFO 4. Shri Rajesh Mangal Non-Executive Non-Independent Director 5. Shri Hiren S Mahadevia Non-Executive Independent Director 6. Shri Bipinbhai A Gosalia Non-Executive Independent Director 7. Smt. Nipa Jairaj Shah Non-Executive Independent Director 8. Smt. Monika Goyal Non-Executive Independent Director 9. Shri Devilal J Shah Company Secretary Other Invitees in attendance (all present through VC) Sr. No. | Name of the Persons Designation 1. M/s Parikh & Majmudar, Chartered Accountants | Statutory Auditors 2. M/s Kamlesh M Shah and Co. Secretarial Auditor & Scrutinizer Quorum A total of 54 members attended the meeting Chairman Shri Kaustubh Agarwal - Managing Director, chaired the meeting. n Plant Addr: eSusrvsey No, 245, Tal, Bharapar, Gandhidham, Gujarat 370205, CIN: L29199GJ2003PLC043148 SAL STEEL LTD. \ Rog. Offce: 604, Zion 21, Near Avalon Hotel, Sindhu Bhawan Road, Bodakdev, Ahmedabad-380059 (Indic) Comporate Office 4th Foor, 8-Wing, Migstono Exparion Contre, Séctor 13 berk 2. Gurgaon - 122001 Proceedings Shri Devilal J Shah, Company Secretary, has initiated the process of meeting with a welcome to the members of the Company and briefed them about the process to participate in the meeting. He informed that the statutory registers and other documents as required under applicable laws, were made available for Inspection. It was further informed that as the AGM was being held through VC/OAVM, the facility for appointment of proxies by the members was not applicable and hence, the proxy register was not available for inspection. The members were also briefed about the process for questions & answers. Shri Kaustubh Agarwal (“the Managing Director”) chaired the meeting and welcomed the members to the 23rd AGM of the Company. The requisite quorum being present as per statutory requirements, he called the meeting to order. The Company Secretary briefed about the process of e-voting. It was further informed that Shri Kamlesh. M. Shah, Practicing Company Secretary, (Membership No. A8356 and COP No. 2072) had been appointed as the Scrutinizer to scrutinize the votes cast through e-voting at the AGM & remote e-voting and to submit a consolidated report thereon. Thereafter, the Chairman addressed the Members and highlighted the key parameters for the financial performance, significant milestones achieved, major investments undertaken during the financial year ended March 31, 2026, and the Company’s outlook and expected performance for the financial year 2026-27. The notice of AGM and Annual Report including Director’s Report, Annexures & Financial Statements along with Auditor’s Report thereon were taken as read. Thereafter, all the resolutions were taken up as below. Sr. No. | Resolutions Type of Resolution 1. To receive, consider and adopt the Audited Financial | Ordinary Resolution Statements of the Company for the financial year ended 31st March 2026, and the Reports of Board of Directors and the Auditors thereon. 2. To appoint Shri Mahesh Kumar Agarwal (DIN: | Ordinary Resolution 00168517) , who retires by rotation as a Director and being eligible, offers himself for re- appointment 3. To ratify the remuneration payable to, Cost Auditors | Ordinary Resolution of the Company for the financial year ending 31st March, 2027 n Plant Addr:e Susrvsey No, 245, Tal, Bharapar, Gandhidham, Gujarat 370205, CIN: L29199GJ2003PLC043148 SAL STEEL LTD. \ Reg. Offce: 604, Zion 2 Near Avalon Hotel,Sindhu Bhawan Road, Bodakdev, Ahmedabad-380059 (India) Coporat Offce: 4t Hoot, - Wing, Milestane Exparion Cantre, séctor 8 Port 2 Gurgaon - 122001 Sr. No. | Resolutions Type of Resolution 4. To approve regularization of Mrs. Monika Goyal | Special Resolution (DIN: 11881952), as an additional director in the capacity of non-executive independent Woman director. Thereafter, the shareholders who have not voted already were requested to vote during the AGM and the speaker shareholders were invited to ask their questions and give their opinions and suggestions, if any, and the same were addressed. The Managing Director, Kaustubh Agarwal thanked the members, the Directors and Auditors present at the meeting for their participation. The AGM remained open for 30 minutes for e- voting & concluded at 13.20 P.M. (IST) [Including time allowed for e-voting at the AGM]. The Company Secretary proposed a vote of thanks to the Chair and the Meeting ended. Thanking You. For & on behalf of S A L Steel Limited Devilal J Shah Company Secretary and Compliance Officer ICSI Mem. No: A58287