SAL Steel Limited on December 23, 2025, informed stock exchanges that its Board of Directors has approved the appointment of Shri Kaustubh Agarwal as an Additional Director designated as Whole-time Director of the company, subject to shareholder approval.

The decision was taken on the recommendation of the Nomination and Remuneration Committee and has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment details

According to the company’s regulatory filing, Kaustubh Agarwal (DIN: 08110836) has been appointed with effect from December 23, 2025, for a period of five years, subject to approval by the members of the company.

The appointment has been made pursuant to applicable provisions of the Companies Act, 2013, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Professional background

Kaustubh Agarwal is a qualified mining engineer with over five years of experience in the mining and steel industry. The company stated that he brings a fresh operational perspective, combining traditional industry knowledge with modern technology-driven practices.

SAL Steel said Agarwal represents a new-generation leadership approach, focused on efficiency, innovation, and long-term operational success.

Relationship disclosure

As per the disclosure made to stock exchanges, Kaustubh Agarwal is the son of Mahesh Kumar Agarwal, who is currently a Director of SAL Steel Limited. The relationship has been disclosed in compliance with SEBI regulations.

Regulatory confirmations

The company confirmed that Kaustubh Agarwal is not debarred from holding the office of director by virtue of any SEBI order or any other statutory authority. The disclosure has been made in line with applicable BSE and NSE circulars.

Compliance and transparency

SAL Steel stated that the appointment complies with all regulatory requirements and that the necessary approvals from shareholders will be sought in due course. The company requested the stock exchanges to take the information on record.

Company overview

SAL Steel Limited is engaged in the steel manufacturing sector, with its manufacturing facility located in Kutch, Gujarat. The company is listed on both the BSE (Scrip Code: 532604) and the NSE (Symbol: SALSTEEL).

Conclusion

The appointment of Kaustubh Agarwal as Whole-time Director marks a leadership transition aimed at strengthening SAL Steel’s operational capabilities and future growth strategy. With industry experience and a focus on modernisation, the company expects the move to support long-term value creation.

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