In terms of regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015, SAL Steel has informed that it enclosed, newspaper advertisement of ‘Recommendations of the Committee of Independent Directors (‘IDC’) of the company (‘Target Company’ or ‘TC') under Regulation 26(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (‘SEBI SAST Regulations’) in relation to the open offer to the public shareholders of the Target Company (‘Open Offer’) made by Sree Metaliks (‘Acquirer’) dated November 22, 2025 published today, on November 24, 2025 in newspapers, Financial Express (English) All Edition, Jansatta (Hindi) All Edition, Financial Express (Gujarati) in Ahmedabad and Navshakti (Marathi) in Mumbai Edition.
The above information is a part of company’s filings submitted to BSE.