On November 1, 2025, Sree Metaliks Limited announced the acquisition of a 39.30% stake in SAL Steel Ltd, a significant move in the steel industry. This acquisition involves 1,92,50,000 equity shares and 3,57,50,000 warrants, which together represent 37.99% of the fully diluted share capital of SAL Steel after the acquisition is finalized. This strategic investment will likely enhance Sree Metaliks' positioning within the market, as it expands its influence over SAL Steel's operations and future direction.

The disclosure was made in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in the transaction. Following the preferential allotment, Sree Metaliks aims to leverage SAL Steel’s capabilities to strengthen its portfolio. The acquisition highlights ongoing consolidation trends in the Indian steel sector, with companies seeking to bolster their market share through strategic partnerships and investments. SAL Steel’s stock, traded under the symbol SALSTEEL on the National Stock Exchange, will be closely monitored as the market reacts to this significant development.