1 week ago
SAIL Sets September 30 Record Date for ₹2.35 Dividend
SAIL wants to give shareholders a final dividend of ₹2.35 for each share.
The company’s board has recommended this payment, but shareholders must approve it first.
They will vote at SAIL’s annual meeting on September 24, 2026.
SAIL will check its shareholder list on September 30 to identify eligible investors.
The company says payment will be made within 30 days after approval, after applicable tax deductions.
One report suggests investors could receive the money by late September, but the stated 30-day period allows a longer window.
SAIL has paid dividends for six consecutive years, according to the report.
The company also reported a strong increase in quarterly profit.
SAIL has set September 30, 2026, as the record date for its proposed ₹2.35 final dividend per ₹10 share.
The dividend, recommended by the board on May 15, 2026, requires shareholder approval at the September 24 AGM.
SAIL’s 54th AGM will be held at 10:30 a.m. through video conferencing or other audiovisual means.
If approved, the dividend is to be paid within 30 days of shareholder approval, subject to tax deduction at source.
SAIL reported a 121% year-on-year rise in Q1 FY27 consolidated net profit to ₹1,644 crore, while revenue rose 1% to ₹26,245 crore.
- Who
- Steel Authority of India Limited (SAIL), its shareholders, and its board of directors.
- What
- SAIL recommended a ₹2.35-per-share final dividend for FY2025-26 and set September 30, 2026, as the record date.
- Where
- The AGM will take place through video conferencing or other audiovisual means; the announcement was made to Indian stock-market exchanges.
- When
- The board recommendation was made on May 15, 2026; the AGM is scheduled for September 24, 2026, and the record date is September 30, 2026.
- Why
- The record date will determine which shareholders are eligible to receive the dividend, subject to shareholder approval.
Key facts
- Final dividend
- ₹2.35 per equity share of ₹10 each
- Record date
- September 30, 2026
- Annual general meeting
- September 24, 2026, at 10:30 a.m., via VC/OAVM
- Approval condition
- The dividend must be approved by shareholders at the AGM.
- Payment timeline
- Within 30 days from shareholder approval, subject to TDS.
- Q1 FY27 profit
- Consolidated net profit rose 121% year on year to ₹1,644 crore.
- Q1 FY27 revenue
- Revenue from operations rose 1% year on year to ₹26,245 crore.
- Dividend history
- The reports say FY2025-26 marks SAIL’s sixth successive year of dividend payments; the company paid ₹1.60 per share as final dividend in 2025.
Quotes
Steel Authority of India Limited
Maharatna public-sector steel company issuing the dividend and AGM disclosure
“Please refer to our earlier intimation no. CA-17(44)72026-27 dated May 2026, wherein it was intimated that the Board of Directors at its meeting held on 15th May, 2026, has recommended Final Dividend @ ₹2.35/- per equity share of ₹10/- each for the Financial Year 2025-26 (23.50% of the paid-up equity share capital of the Company).”
livemint.com
“The Final dividend for FY 2025-26 as recommended by the Board, if approved by the Shareholders in the ensuing Annual General Meeting (AGM) shall be paid (subject to TDS) within 30 days from the date of approval by the shareholders.”
livemint.com
Sources
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