SAL Steel Limited said on April 6, 2026 that Babulal M Singhal, the company’s Chief Financial Officer and Key Managerial Personnel, has tendered his resignation from the post, effective at close of business hours on that date, due to personal and unavoidable circumstances. His departure marks a moment of transition for the finance function as the company continues its operations.
In his resignation letter to the board, Singhal expressed sincere thanks to the Chairman, the Board of Directors, the CFO team and colleagues for their unstinted support and cooperation during his tenure. He requested to be relieved from his duties by the close of business hours on April 6, 2026, and asked for the necessary formalities to be completed with the Registrar of Companies and Stock Exchanges.
The move places SAL Steel at the cusp of leadership transition in its finance leadership. As the company navigates this period, it will likely initiate steps to appoint a successor to ensure continuity in governance, budgeting and strategic oversight essential to its ongoing business trajectory.
There has been no public disclosure of a successor yet, but the finance helm is a priority area for the board as SAL Steel looks to sustain its operational and strategic momentum in the coming quarters.