SAL Steel Limited executed a Deed of Hypothecation dated 28 March 2026 with Yes Bank Limited for ₹150 crore Working Capital Demand Loan.
The loan is secured by hypothecation of all current and movable fixed assets, plus personal guarantees of Mahesh Kumar Agarwal and Kaustubh Agarwal.
Corporate Guarantee of Sree Metaliks Limited also provided; facility is repayable on demand and subject to annual renewal.
Disclosure filed under Regulation 30 of SEBI (LODR) Regulations, 2015; transaction is not a related party transaction.