Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011

• Security Code: 532604
• Company: SALSTEEL

Rajendra V Shah & Ragini R Shah has submitted the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 to BSE

Name of the Target Company (TC) : S.A.L. Steel Ltd
Name of the Promoter(s) on whose shares encumbrance was created/ invoked/ released : Rajendra V Shah & Ragini R Shah
Date of reporting : December 07, 2011
Names of the stock exchanges where the shares of the target company are listed : NSE & BSE

Details of the promoters’ holding
1.Promoter (s) or PACs with him : Rajendra V Shah

Pre-event holding
Number : 9305800
% of total share capital : 10.96%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Release
Date (s) : December 02, 2011

Post event holding (encumbered shares to be excluded)
Number : 9305800
% of total share capital : 10.95%

(*) Details of encumbrance (pledge/lien or others)
Note:
Total No. of shares : 9305800
No.of shares being released now from pledge : 9305800
Hence , Post -event Pledged No.of shares : Nil

2.Promoter (s) or PACs with him : Ragini R Shah

Pre-event holding
Number : 438700
% of total share capital : 0.52%

Details of events pertaining to encumbrance
Type - creation/ invocation/ release : Release
Date (s) : December 02, 2011

Post event holding (encumbered shares to be excluded)
Number : 438700
% of total share capital : 0.52%

(*) Details of encumbrance (pledge/lien or others)
Note:
Total No. of shares : 438700
No.of shares being released now from pledge : 438700
Hence , Post -event Pledged No.of shares : Nil