Shareholders meeting

SAL STEEL LTD. \ Reg. Office: 604, Zion Z1, Near Avalon Hotel, Sindhu Bhawan Road, Bodakdev, Ahmedabad-380059 (India) Corporate Office: 4th Floor, B Wing, Milestone Experion Centrs, Sector 15 Part 2, Gurgaon - 122001 19.10.2026 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: Postal Ballot Nofice - Disclosure under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, In Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose the Postal Ballot Notice along with Explanatory Statement which is being sent to the Members for seeking approval on items of special business as mentioned in the said notice: In compliance with the circulars issued by the Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India (“SEBI”) from time to time, this Notice is being sent only through electronic mode to those members whose e-mail addresses are registered with Kfin Technologies Limited, the Registrar and Share Transfer Agents of the Company (the “RTA") or with their respective Depository Participants (“DP™) as on the Cut-off date i.e. Friday, 09" October, 2026 (*'Cut-off date™). The Notice containing e-voting instructions and other necessary details is available on the website at www.salsteel.co.in. The communication of the assent or dissent of the Members would only take place through the remote e-voting system only. The calendar of events for the Postal Ballot / e-voting is as follows: T Co ol nl t aF cr te :e 9N 9o. 2; 5 11 8 D0 30 3 92 00 21355 e Emall:: cs@scs@ aistoelcoin [ Website: ex www.salsteel.coin Plant : Survey No. 245, Tal. Bharapar, Gandhidham, Gujarat 370205 | CIN: L29199GJ2003PLCO43148 G Scanned with OKEN Scanner SAL’ | SAL STEEL LTD. R B il b Reg. Office: 604, Zion Z1, Near Avalon Hotel, Sindhu Bhawan Road, Badakdev, Ahmedabad-380059 (India sT enEATRS ST Corporate Office: 4th Floor, B Wing, Milestone Experion Centre, Sector 15 Part 2, Gurgaon - 122001 Cut-off Date for reckoning voting | Friday, 09" October, 2026 rights Remote e-voting Start Date and | Tuesday, 20+ October, 2026 at 9:00 A.M. Time (1sT) Remote e-voting End Date and | Wednesday, 18" November, 2026 at 05:00 Time P.M. (IST) Voting Results along with | on or before 20" November, 2026 Scrutiniser’ Report We request you to kindly take our aforesaid submission on records. Thanking you. Yours faithfully, For SAL Steel Limited CS Devilal J Shah Company Secretary and Compliance Officer ICSI Mem. No. A58287 Encl.: As mentioned above 1. Tioll lFree Noe.: 1t800y 20 2 1355 B emai: csasaisteei.coin B website: wwwisalsteel.coin Plant : Survey No. 245, Tal. Bharapar, Gandhidham, Gujarat 370205 | CIN: L29199GJ2003PLCO43148 G Scanned with OKEN Scanner SAL STEEL LIMITED Building Trust. Creating Futures. SAL STEEL LIMITED Reg. Office: 604, Zion Z1, Near Avalon Hotel, Sindhubhawan Road, Bodakdev, Ahmedabad-380059 Corp. office: 4™ Floor, B Wing, Milestone Experion Center, Sector 15 Part-2, Guagaon-122001 Tel: +91 9925103299 | CIN: L29199GJ2003PLC043148 ‘Website: www.salsteel.co.in | Email ID: cs@salsteel.co.in NOTICE OF POSTAL BALLOT Pursuant to Section 110 and 108 of the Companies Act, 2013 read with Rules 20 and 22 of Companies (Management and Administration) Rules, 2014 Dear Member(s), NOTICE is hereby given to the members of SAL STEEL LIMITED (the “Company”) pursuant to the provisions of Section 110 and 108 and all other applicable provisions of the Companies Act, 2013, if any read with the Companies (Management and Administration) Rules, 2014 (collectively the “Act”, which shall include any statutory modifications, amendments or re- enactments thereto) read with General Circular No(s). 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020 read with other subsequent relevant circulars issued in this regard, the latest being General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs, Government of India (the “MCA Circulars”), Secretarial Standard-2 on General Meetings (“SS-2”) issued by the Institute of Company Secretaries of India (as amended from time to time), Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”) and any other applicable law, rules and regulations (including any statutory modification(s) or re- enactment(s) thereof, for the time being in force), read with the equity listing agreement executed with the stock exchanges on which the equity shares of the Company are listed, for seeking approval of the shareholders by way of special /ordinary resolutions for matters as considered in the Resolutions appended below through postal ballot (“Postal Ballot”) by way of e-voting only. The explanatory statement pertaining to the said resolutions setting out the material facts and the rationale thereof is annexed hereto for your consideration and forms an integral part of this Postal Ballot Notice. This Postal Ballot Notice is being sent in electronic form to those Members, whose names appear in the Register of Members/List of Beneficial Owners as on Friday, 9th October, 2026 (‘Record Date’) as received from KFin Technologies Private Limited (“KFin”), the Registrar and Share Transfer Agent of the Company (“RTA”) and whose e-mail addresses are registered SAL STEEL LIMITED with the Depositories (in case of electronic shareholding). In compliance with the provisions of Section 108 and Section 110 of the Act read with Rule 20 and 22 of the Rules, Regulation 44 of the SEBI LODR Regulations, and SS-2, the Company is pleased to provide e-voting facility to its Members, to enable them to cast their votes electronically. The detailed procedure with respect to e-voting is mentioned in this Notice. The Company has engaged the services of National Securities Depository Limited (“NSDL”) for facilitating e-voting. The Company has made necessary arrangements with RTA to enable the Members to register their e-mail address. Those Members who have not yet registered their e-mail address are requested to register the same by following the procedure set out in this Postal Ballot Notice. The Board has appointed CS Kamlesh M. Shah proprietor of M/s. Kamlesh M. Shah & Co., Practicing Company Secretary, (CP No. 2072/Membership No.: ACS8356) as the scrutinizer (“Scrutinizer”) for conducting the Postal Ballot / e-voting process in a fair and transparent manner. Members desiring to exercise their vote through the e-voting process are requested to carefully read the instructions indicated in this Notice and record their assent (FOR) or dissent (AGAINST) by following the procedure as stated in the Notes forming part of the Notice and take note that e-voting (electronic mode) shall commence from Tuesday, 20th October, 2026 at 9.00 AM (IST) and shall end on Wednesday, 18th November, 2026 at 5.00 PM (IST). The e-voting facility will be disabled by NSDL immediately thereafter and will not be allowed beyond the said date and time The Scrutinizer will submit his report to the Chairman of the Company (the “Chairman”) or any other person authorized by the Chairman, and the result of the voting by Postal Ballot will be announced not later than 48 working hours from the conclusion of the e-voting i.e. on or before Friday, 20th November, 2026. The results of the postal ballot (including voting through electronic means) along with the Scrutinizer’s report will be made available on the website of the Company at www.salsteel.co.in and intimated to the stock exchange(s), where the shares of the Company are listed, on or before 20th November, 2026. The last date of e-voting, i.e. 18th November, 2026, shall be the date on which the resolutions would be deemed t [Showing first 8,000 characters — download PDF for full document]