Description

BSE announces listing and trading permission for 1,92,50,000 new equity shares of S.A.L. Steel Ltd. (Scrip Code: 532604) issued on preferential basis to non-promoters, effective February 25, 2026.

Summary

BSE has announced the listing and permission to trade for 1,92,50,000 new equity shares of S.A.L. Steel Ltd. (Scrip Code: 532604, ISIN: INE658G01014), issued at Rs. 18/- per share on a preferential basis to non-promoters. These shares are available for trading on the Exchange with effect from Wednesday, February 25, 2026.

Key Points

  • 1,92,50,000 equity shares of Rs. 10/- face value issued at a premium of Rs. 8/- (issue price Rs. 18/-) to non-promoters on preferential basis
  • Shares rank pari-passu with existing equity shares of the company
  • Distribution numbers: 84966701 to 104216700
  • Date of allotment: October 30, 2025
  • ISIN: INE658G01014
  • All 1,92,50,000 shares are subject to a lock-in period until August 30, 2027

Regulatory Changes

No regulatory changes. This is a standard listing notification for newly issued securities pursuant to a preferential allotment.

Compliance Requirements

  • Trading members are informed of the new listing and must ensure these securities are available for trading from February 25, 2026
  • Lock-in restrictions apply to all 1,92,50,000 shares (Dist. Nos. 84966701 to 104216700) until August 30, 2027; trading of these shares is restricted during the lock-in period

Important Dates

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

Impact Assessment

This is a routine corporate action. The listing of 1,92,50,000 preferentially allotted shares increases the total share count of S.A.L. Steel Ltd. The lock-in period until August 2027 restricts these shares from being traded, limiting immediate dilution impact on existing shareholders. Market impact is expected to be minimal as this is a standard preferential allotment disclosure.

Impact Justification

Routine listing of new equity shares issued on preferential basis to non-promoters. Standard corporate action with lock-in period; limited broader market impact.