Sree Metaliks Limited is set to acquire a 39.30% stake in SAL Steel Ltd by November 2025, according to a disclosure made under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. This acquisition entails the purchase of 1,92,50,000 equity shares and 3,57,50,000 warrants, amounting to 37.99% of the fully diluted share capital of SAL Steel post-acquisition. The move is part of a preferential allotment aimed at bolstering the financial and operational capabilities of SAL Steel, a prominent player in the steel manufacturing sector.

The official communication regarding this acquisition was submitted to the National Stock Exchange of India and the BSE Limited, ensuring compliance with regulatory requirements. Sree Metaliks' strategic investment is expected to enhance SAL Steel's market position and operational synergies. The deal, finalized on November 1, 2025, reflects the ongoing consolidation trends within the steel industry, as companies seek to strengthen their foothold amidst fluctuating market dynamics. This acquisition not only underscores Sree Metaliks' growth ambitions but also positions SAL Steel for potential expansion and innovation in the sector.