SAIL Board Recommends ₹1.60/Share Dividend for FY25

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The Board of Directors at Steel Authority of India Limited (SAIL) convened on September 16, 2025, and approved several key resolutions, including the declaration of a final dividend for the financial year 2024-25.

The board has recommended a final dividend of ₹1.60 per equity share with a face value of ₹10 each for the financial year 2024-25.

The board approved the re-appointment of the following directors:

•  Manish Raj Gupta as a Whole Time Director
•  Alok Verma as a Whole Time Director
•  Gopal Singh Bhati as an Independent Director
•  Anju Bajpai as an Independent Director
•  Manjeet Kumar Razdan as an Independent Director
•  Ashok Kumar Panda as a Whole Time Director
•  Ashish Chatterjee as a Government Director
•  Pranoy Roy as an Independent Director
•  Surajit Mishra as a Whole Time Director
•  Chitta Ranjan Mohapatra as a Whole Time Director

The board also approved the re-appointment of M/s. Agarwal S. & Associates as Secretarial Auditor of the Company for a period of five years from the financial year 2025-26 till the financial year 2029-30.

Additionally, the board authorized the following:

• To carry out Material Related Party Transactions with NTPC-SAIL Power Company Limited for an aggregate value of up to ₹6,000 crore.
• To carry out Material Related Party Transactions with Bokaro Power Supply Company Private Limited for an aggregate value of up to ₹3,000 crore.
• To carry out Material Related Party Transactions with Minas De Banga Limitada (Mozambique) for an aggregate value of up to ₹1,500 crore.

The board ratified the remuneration of the Cost Auditors of the Company for the financial year 2025-26.

The board meeting was conducted in accordance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, via video conferencing.