Sree Metaliks Limited has announced its acquisition of 39.30% of SAL Steel Ltd.'s equity shares, totaling 1,92,50,000 equity shares and 3,57,50,000 warrants. This strategic move represents 37.99% of the fully diluted share capital of SAL Steel post-acquisition, following a preferential allotment. The transaction is part of Sree Metaliks' broader strategy to enhance its stake in the steel sector and strengthen its market position. The disclosure was made to the National Stock Exchange of India and BSE Limited under the SEBI (SAST) Regulations on November 1, 2025.

The acquisition will likely influence SAL Steel's operational dynamics and shareholder structure. The company's corporate office is located in Gandhinagar, Gujarat, while its registered office is in Ahmedabad. As per the communication from Radhika Parth Soni, the Company Secretary of SAL Steel, this acquisition is a significant step for both companies, potentially paving the way for future collaborations and growth. Investors and market analysts are keenly observing the implications of this acquisition, as it may affect the competitive landscape in the steel manufacturing industry.