Outcome of Board Meeting

SAL STEEL LTD. \ Reg. Office: 604, Zion Z), 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 Date: 06.11.2026 Department of Corporate Service, Manager, BSE Limited Listing Department, Phiroze Jecjecbhoy Tower, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, Plot No C/1, G-Block, Mumbai - 400001 Bandra — Kurla Complex, Bandra (), Mumbai = 400051 BSE Scrip Code: 532604 NSE Symbol = SALSTEEL Sub.: Outcome of Board Meeting held on November 06'h, 2026. Pursuant to Regulation 30 and 33 of Securifies and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, if any, of SEBI Listing Regulations, we are pleased to inform that the Board of Directors of the company in their meeting held today i.e. on Friday, 06' November, 2026 have considered and taken on record the Un-audited Standalone Financial Results for the quarter and half year ended as on 30.09.2026 duly reviewed by the Audit Committee. We enclose the same in the prescribed form duly signed along with the Limited Review Report. Further, Pursuant to the provisions of regulation 30 read with Part-A of schedule Il of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform that the following business items inter-alia have been transacted by the Board at their meeting held today i.e. on November 06, 2026: A. Resignation of Smt. Nipa Jairaj Shah (DIN: 10833814), as an Independent Woman Director of the company Board took note of resignation tendered by Smt. Nipa Jairaj Shah (DIN: 10833814) as an Independent Woman Director of the Company w.e.f November 06", 2026 due to personal and unavoidable Circumstances. After due discussion the Board accepted the said resignation w.e.f Closure of business hours on today i.e. November 06, 2026 The information required pursuant to provision of Schedule Il of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 and SEBI Circular No. No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed herewith as “Annexure-1". [ Iofrreepei16002021355 I cat: copeaistestcoin (B Website wnisaiteetcoin Plant : Survey No. 245, Tal. Bharapar, Gandhidham, Gujarat 370205 | CIN: L29199GJ2003PLC043148 A% ° | SAL STEEL LTD. \ S TEE L— 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 [The aforesaid Board Meeting commenced at 15:00 hrs. and concluded at 16.30 hrs.] Kindly take the above on your record. Yours faithfully, For SAL Steel Limited, CS Devilal J Shah Company Secretary and Compliance Officer ICSI Mem. No. A58287 Encl.: As mentioned above Toll Free No.: 1800 202 1355 B emeit:csasaisteeicoin [EBY website: wwwsalsteel.coin Contact: 99251 03299 fl Plant : Survey No. 245, Tal. Bharapar, Gandhidham, Gujarat 370205 | CIN: L29199GJ2003PLCO43148 PARIKH & MAJMUDAR % CHARTERED ACCOUNTANTS CA (Dr). HITEN PARIKH CA SANJAY MAJMUDAR CA SATWIK DURKAL CA KOMAL MAJMUDAR M.Com., LLB., FCA.; PH.D., IP B.Com., LLB., FCA B.Com., FCA B.Com., FCA, DISA, IFRS 303, “B” Wing, GCP Business Center, Opp Navrangpura Fire Station, Nr. Vijay Cross Roads, Navrangpura, Ahmedabad - 380 009. Phones :- +91 79 40092628, 26401703 Email : audit@smajmudar.com Independent Auditors Review Report on the Quarterly and Year to date Unaudited Financial Results of the Company pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to Board of Directors of SAL STEEL LIMITED, Ahmedabad. We have reviewed the accompanying statement of unaudited financial results of SAL STEEL LIMITED (the “company”) for the quarter ended September 30, 2026 and for the period from to date April 1, 2026 to September 30, 2026 (the “statement”) attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing obligations & Disclosure Requirements) Regulation, 2015, as amended (the listing Regulation). This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34, "Interim Financial Reporting" ("Ind AS 34") prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Listihg Regulations. Our responsibility is to express a conclusion on the Statement based on our review. T We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the\ review to obtain moderate assurance as to whether the Statement is free, material misstatement. A review of interim financial information consists of inquiries, primarily of ‘thé""Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the .Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Based on our review conducted nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard ("Ind AS") specified under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Date: 06-11-2026 For Parikh & Majmudar Place: Ahmedabad Chartered Accountants FRN: 107525W CA SATWIK DURKAL PARTNER M. No. 107628 UDIN: 26107628 TGPXST6620 A B SAL STEEL LTD. .74 Reg. Offce 604, Zlon 21, Noar Avalon Hotel, Singh Ghavwan Road, Bodokdey, Ammedabad-380059 (indic) £ Corporate Office: 4th Floor, B-Wing, Milestone Experion Centre, Sector 15 Part2, Guigaon — 122001 DUILDING TRUST CREATING FUTURES. The Statement of Assets and Liabilities as at 30th September 2026 Statement of Assets and Liabilities Amount Rs In Crores 8rNo Particulars Asat Asat 30.09.2026 31.03.2026 (Un-audited) (Audited) ASSETS 1) Non-current assets a) Property, Plant and Equipment 265.43| 141.70] b) Capital work-in-progress 125.10 173.77) ) Other Intangible assets 0.06 0.06 d) Financial Assets (i)| Trade receivables 0.00 0.00 (ii)| Loans - - (ii) |O ther Financial Assets 211 256 e) Deferred tax assets (net) - - f) Other non-current assets 8.65 9.11 2) Current assets a) inventories 293.54) 233.43] b) Financial Assets (i)| Trade receivables 4.02 171 (ii)|Cash and cash equivalents 0.02 0.47] (iii)|Bank balances other than (iii) above 0.44] 0.00] (iv)|Other Financial Assets 5.97 0.34 (v)|Loans 0.00 0.00) c) Current Tax Assets ( Net } 0.08 0.18| d) Other current assets 58.20] 58.14] TOTAL ASSETS 763.60) 621.47| [EQUITY & LIABILITIES : EQUITY: la) Equity Share capital 144.77] 144.77] b) Other Equity 15.47) 1.85 LIABILITIES : 1) Non-Current Liabilit [Showing first 8,000 characters — download PDF for full document]