SAL Steel Limited issues a postal ballot notice seeking shareholder approval via e-voting for a special resolution to increase its borrowing limit.
The company proposes to raise its overall borrowing limit to ₹2000 Crores, superseding a previous resolution from 2005.
The resolution also seeks authorization to create charges or mortgages on company assets to secure future borrowings from lenders.
E-voting commences on April 18, 2026, and ends on May 17, 2026, with results to be declared by May 19, 2026.