SAIL AGM Approves ₹1.60/Share Final Dividend for FY25

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Steel Authority of India Limited (SAIL) held its 53rd Annual General Meeting (AGM) on September 16, 2025, where shareholders approved a final dividend of ₹1.60 per equity share for the financial year 2024-25. The dividend will be paid on shares with a face value of ₹10 each.

In addition to the dividend announcement, the AGM addressed several key appointments and resolutions. The board's decision to authorize material related party transactions and the appointment of directors were among the significant outcomes.

The meeting, conducted via video conferencing, was chaired by Shri Amarendu Prakash, Chairman & Managing Director of the Company. The Company Secretary confirmed that remote e-voting was available to members and that the results would be posted on the company's website.

Key Approvals and Appointments:

• Final Dividend: Approved a final dividend of ₹1.60 per equity share for FY25.
• Director Appointments:
  • Appointed Shri Manish Raj Gupta (DIN:10905637) and Shri Alok Verma (DIN:10905643) as Whole Time Directors.
  • Re-appointed Dr. Gopal Singh Bhati (DIN:09406763) and appointed Dr. Anju Bajpai (DIN:09478503) and Shri Manjeet Kumar Razdan (DIN:09413663) as Independent Directors.
  • Appointed Dr. Ashok Kumar Panda (DIN:08532039) and Shri Surajit Mishra (DIN:11166409) as Whole Time Directors.
  • Appointed Shri Ashish Chatterjee (DIN:07688473) as a Government Director.
  • Appointed Shri Chitta Ranjan Mohapatra (DIN:11051608) as a Whole Time Director.

• Other Approvals:
  • Re-appointed Shri K. K. Singh (DIN: 09310667) as a director.
  • Approved the remuneration of the Statutory Auditors and the Cost Auditors.
  • Authorized material related party transactions with NTPC-SAIL Power Company Limited, Bokaro Power Supply Company Private Limited, and Minas De Banga Limitada (Mozambique).