Shah Alloys News

Shah Alloys board meet on May 30

Shah Alloys Limited will hold a board meeting on May 30, 2026, to consider audited financial results for FY26. The trading window remains closed until results are filed.

Shah Alloys Reports Rs 35.76 Crore Profit Despite Plant Closure, Sells Rolling Mill for Rs 1,700 Crore

Shah Alloys Limited posted a standalone net profit of Rs 35.76 crore for the quarter ended September 30, 2025, driven by an exceptional gain of Rs 16.92 crore from selling its 16-inch Rolling Mill Plant for Rs 1,700 lakhs. The company shut down its Iron and Steel plant in August 2025 due to technology obsolescence and rising production costs, raising concerns about its going concern status among auditors.

Shah Alloys Divests Stake in Associate Company S.A.L Steel Limited to Sree Metaliks

Shah Alloys Limited approved the divestment of its equity shareholding in associate company S.A.L Steel Limited. The company will sell 3,02,56,989 equity shares of face value ₹10 each to Sree Metaliks Limited through a Share Purchase Agreement dated September 04, 2025. The transaction will result in Sree Metaliks being classified as the new promoter of S.A.L Steel Limited, while existing promoters will be reclassified as public shareholders. Additionally, the board appointed Shri Rajnikant Amrutlal Vyas as Additional Director designated as Whole-time Director with effect from September 04, 2025, for a period of 5 years subject to shareholder approval. Vyas brings over 25 years of experience in sales, marketing, and operations management. The board also approved the notice for the 35th Annual General Meeting to be held on September 26, 2025, through video conferencing.