SAL STEEL : BOARD APPROVES POSTAL BALLOT FOR RS 228.67 CR RPT RATIFICATION

• Board approves postal ballot notice seeking shareholder approval for material related party transactions with Sree Metaliks and Lawrence Merchants • Ratification of unsecured short-term loan facility from Lawrence Merchants Private Limited (NBFC) and interest thereon at ₹228.67 Cr, effective Sept 4, 2025 to March 31, 2026 • Ratification of raw material purchases, sales and unsecured loan from M/s Sree Metaliks Limited (holding company) at an aggregate regularised cap of ₹174.62 Cr • Omnibus approval for one year from Nov 20, 2026 for Sree Metaliks: raw material purchases up to ₹300 Cr, finished goods sales up to ₹50 Cr, corporate guarantees up to ₹500 Cr, loans up to ₹200 Cr • Omnibus approval for Lawrence Merchants unsecured loan credit line up to ₹200 Cr and Elite Metaliks trade limits of ₹100 Cr purchases and ₹50 Cr sales for one year • Sree Metaliks now controls 57.51% equity stake; past loan lines used to clear backlogs in old plant machinery maintenance and factory modernisation

S.A.L. Steel Ltd

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