Outcomes of Board Meeting held on 01.10.2026

SAL STEEL LTD. \ —— N Reg. Office: 604, Zion Z1, 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 01.10.2026 BSE LIMITED NATIONAL STOCK EXCHANGE OF Phiroze Jeejeebhoy Tower, INDIA LIMITED Dalal Street, Exchange Plaza, Plot No C/1, G-Block, Mumbai — 400001 Bandra — Kurla Complex, Bandra (E), Mumbai — 400051 BSE Scrip Code: 532604 NSE Symbol: SALSTEEL Sub.: Ouicome of Board Meeting held on 01.10.2026 - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that the Board of Directors of the company in their meeting held today i.e. October 01, 2026 has inter-alia approved following: 1. Availing of additional Term Loan Facilities of Rs. 75,00,00,000 (Rupees Seventy Five Crore only ) from Kotak Mahindra Bank Limited. The Board has approved the proposal to borrow a sum of Rs. 75,00,00,000 (Rupees Seventy Five Crore only ) From Kotak Mahindra Bank Limited by way of additional Term Loan facility along with renewal of existing working capital facilities of Rs. 49,00,00,000/-(Indian Rupees Forty Nine Crore only) aggregating to Rs.124,00,00,000/- (hereinafter referred fo as the *said Facilities’), in terms of the Banks's Sanction Letter dated 29.09.2026 with Ref. no ARD/006315/2026-27. The said funds will be utilized for part repayment of ICD of AIA Engineering Limited as mentioned in terms of the Sanction Letter. The said borrowing is secured by way of Hypothecation on Current Assets of the borrower and all Movable Fixed Assets of the borrower (Both Present and Future) [excluding exclusively financed by other banks/financial institution] and also secured by way of Equitable Mortgage on Industrial Property located at Survey No. 245, Village Bharapar, Tal. Gandhidham, Kutch Dist., Gujarat — 382721. Further, Unconditional and Irrevocable Personal Guarantee of Mahesh Kumar Agarwal and Kaustubh Agarwal shall remain valid during the tenor of the facility Unconditional and Irrevocable Corporate Guarantee of Sree Metaliks Limited shall remain valid during the tenor of the facility. W0k Toll BF rr ee ee N bo o.: - 11 880 00 0 22 00 2 1355 B emaii csasaisteetcoin [ website:: wwwsalsteel.coii n fl Plant : Survey No. 245, Tal. Bharapar, Gandhidham, Gujarat 370205 | CIN: L29199GJ2003PLC043148 SAL | SAL STEEL LTD. \ Reg. Office: 604, Zion Z1, Near Avalon Hotel, Sindhu Bhawan Road, Bodakdev, Ahmedabad-380059 (India) ——T ESE L— Corporate Office: 4th Floor, 8 Wing, Milestone Experion Centre, Sector 15 Part 2, Gurgaon - 122001 and further, the Board of Director has authorized Shri Kaustubh Agarwal, Managing Director /Rajesh Mangal, Non-executive and Non Independent Director and Shri Mahesh Kumar Agarwal Chairman and Managing Director of the Company to accept the Facility Letter issved/to be issued for captioned Facility /ies and to Deliver, sign and execute digitally /electronically /by hand Facility letter, all deeds, Documents, Facility documents, security documents and other writings, and to do such other things including creation and perfection of securities and making necessary filings with the Registrar of Companies, registrations with sub-registrar, to deposit with the Bank/Security Trustee (as applicable) all documents of fitle and any other writings in relation to the assets/properties of the Company for securing the obligations under Facility Letter and the Financing Documents to which the Company is a party as may be necessary to avail /enh/moadifny /creneew the Facilities [The aforesaid Board Meeting commenced at 11.00 hrs. and concluded at 12.30 hrs.] Kindly take the above on your record. Thanking you. Yours faithfully, For SAL Steel Limited CS Devilal J Shah Company Secretary and Compliance officer ICSI Mem. No. A58287 © tlsden N;s:ségggz s Email: cs@salsteel.co.in a Website: www.salsteel.co.in : Survey No. 245, Tal. Bharapar, Gandhidham, Gujarat 370205 | CIN: L29199GJ2003PLC043148