Shah Alloys Ltd

Shah Alloys Divests Stake in S.A.L Steel for Strategic Shift 🔄

- Shah Alloys Limited divests its entire equity shareholding in S.A.L Steel Limited (3,02,56,989 shares, face value ₹10 each) via a Share Purchase Agreement dated September 04, 2025.

- The shares are sold to Sree Metaliks Limited (Acquirer).

- Mr. Rajendrakumar Shah, Director of Shah Alloys Limited, authorized to sign the agreement.

- Shri Rajnikant Amrutlal Vyas appointed as Additional Director (Whole-time Director, Key Managerial Person) effective September 04, 2025, for a 5-year term (subject to shareholder approval).

- The 35th Annual General Meeting (AGM) is scheduled for September 26, 2025, at 11:00 AM IST, to be held virtually.