Description

BSE notifies listing of 1,92,50,000 new equity shares of S.A.L. Steel Ltd. issued on preferential basis to non-promoters, effective February 25, 2026. Shares are locked in until August 30, 2027.

Summary

BSE has notified trading members that 1,92,50,000 new equity shares of S.A.L. Steel Ltd. (Scrip Code: 532604, ISIN: INE658G01014) are listed and permitted to trade on the Exchange with effect from Wednesday, February 25, 2026. These shares were issued on a preferential basis to non-promoters at an issue price of Rs. 18/- per share (face value Rs. 10/- with a premium of Rs. 8/-).

Key Points

  • Company: S.A.L. Steel Ltd. (Scrip Code: 532604)
  • New Shares Listed: 1,92,50,000 equity shares
  • Face Value: Rs. 10/- per share
  • Issue Price: Rs. 18/- per share (premium of Rs. 8/-)
  • Allotment Type: Preferential basis to Non-Promoters
  • Distribution Numbers: 84966701 to 104216700
  • Date of Allotment: October 30, 2025
  • ISIN: INE658G01014
  • Trading Effective From: February 25, 2026
  • Pari-passu: These shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notice pursuant to a preferential allotment completed on October 30, 2025.

Compliance Requirements

  • Trading members are informed to permit trading in the newly listed securities from February 25, 2026.
  • The lock-in restrictions must be observed: all 1,92,50,000 shares (Dist. Nos. 84966701 to 104216700) are locked in until August 30, 2027.

Important Dates

  • Date of Allotment: October 30, 2025
  • Listing / Trading Effective Date: February 25, 2026
  • Lock-in Expiry Date: August 30, 2027

Impact Assessment

The listing adds 1,92,50,000 equity shares to the tradeable universe of S.A.L. Steel Ltd., representing a capital infusion at Rs. 18/- per share (total consideration: approximately Rs. 34.65 crore). However, since all newly listed shares are subject to a lock-in period until August 30, 2027, there is no immediate increase in free-float. Market impact on liquidity and price discovery is expected to be minimal in the short term. Post lock-in expiry, the release of these shares could exert selling pressure on the stock.

Impact Justification

Routine listing of preferentially allotted shares; notable for significant share count (1.925 crore shares) and extended lock-in period until Aug 2027, which limits immediate float impact.