News ArticleSAL Steel Reports Unaudited Financial Results for Q2 and H1 FY2027 with Total Revenue of Rs. 231.27 Crore
Board records financial results as of September 30, 2026, and accepts resignation of Independent Woman Director effective November 6, 2026
SAL Steel Limited announced its unaudited standalone financial results for the quarter and half year ended September 30, 2026. The company reported total revenue of Rs. 231.27 crore for the half year, with significant details on assets, liabilities, and equity as per the latest balance sheet. Additionally, the Board accepted the resignation of Independent Woman Director Nipa Jairaj Shah effective November 6, 2026.
SAL Steel Limited
Financial Results
SAL Steel Limited announced its unaudited standalone financial results for the quarter and half year ended September 30, 2026, reporting total revenue of Rs. 231.27 crore for the half year. The company also disclosed key balance sheet figures and announced the resignation of Independent Woman Director Nipa Jairaj Shah, effective November 6, 2026.
The Board of Directors in a meeting held on November 6, 2026, approved the company's unaudited financial results for Q2 and H1 FY2027, which were reviewed by the Audit Committee. The total revenue for the half year ended September 30, 2026, stood at Rs. 231.27 crore.
The statement of assets and liabilities as of September 30, 2026, reported total assets of Rs. 763.60 crore, up from Rs. 621.47 crore as of March 31, 2026. Equity share capital remained stable at Rs. 144.77 crore, with other equity increasing to Rs. 15.47 crore from Rs. 1.85 crore.
On the liabilities side, non-current borrowings increased to Rs. 384.40 crore and current borrowings rose to Rs. 118.73 crore. Other liabilities and provisions were reported with specific figures as in the balance sheet.
The Board also accepted the resignation of Smt. Nipa Jairaj Shah as an Independent Woman Director effective November 6, 2026, citing personal and unavoidable circumstances. Relevant regulatory disclosures were filed in accordance with SEBI regulations.
Highlights
- Total revenue for half year ended September 30, 2026: Rs. 231.27 crore.
- Total assets increased to Rs. 763.60 crore as of September 30, 2026.
- Equity share capital stable at Rs. 144.77 crore; other equity increased to Rs. 15.47 crore.
- Non-current borrowings increased to Rs. 384.40 crore; current borrowings at Rs. 118.73 crore.
- Resignation of Independent Woman Director Nipa Jairaj Shah effective November 6, 2026.
Key Data Snapshot
What happened
- SAL Steel Limited announced unaudited standalone financial results for Q2 and H1 FY2027 ending September 30, 2026.
- Total revenue reported for half year ended September 30, 2026 was Rs. 231.27 crore.
- Board accepted resignation of Independent Woman Director Nipa Jairaj Shah effective November 6, 2026.
Key details
- Statement of assets and liabilities showed total assets increased from Rs. 621.47 crore (March 31, 2026) to Rs. 763.60 crore (September 30, 2026).
- Equity share capital remained constant at Rs. 144.77 crore; other equity increased to Rs. 15.47 crore.
- Non-current and current borrowings rose to Rs. 384.40 crore and Rs. 118.73 crore, respectively.
- Resignation accepted due to personal and unavoidable circumstances, effective from close of business on November 6, 2026.
Regulatory and governance context
- Financial results were reviewed by the Audit Committee and taken on record by the Board as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Disclosure of resignation complied with provisions of regulation 30 and Schedule II of the SEBI Listing Regulations and applicable SEBI circulars.
Highlights
- Total revenue for half year ended September 30, 2026: Rs. 231.27 crore.
- Total assets increased to Rs. 763.60 crore as of September 30, 2026.
- Equity share capital stable at Rs. 144.77 crore; other equity increased to Rs. 15.47 crore.
- Non-current borrowings increased to Rs. 384.40 crore; current borrowings at Rs. 118.73 crore.
- Resignation of Independent Woman Director Nipa Jairaj Shah effective November 6, 2026.
Disclosures
- Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Part A of Schedule II of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015
- SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
Source Information
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