Steel Authority of India (SAIL), the Maharatna PSU, has announced a record date to finalise the list of eligible shareholders for the payment of a final dividend of ₹2.35 per share, payable in the financial year 2025-26. According to reports from Live Mint, the company declared this final dividend for FY26 in May 2026, with the Board of Directors recommending the dividend at their meeting held on 15th May, 2026. The dividend represents 23.50% of the paid-up equity share capital of the company. As per the latest communication to exchanges, SAIL reminded stakeholders about their earlier intimation dated May 2026 where the Board of Directors recommended this final dividend.
As reported by Live Mint, SAIL has fixed the record date for determining shareholder eligibility as Wednesday, 30th September, 2026. The company informed the Indian stock market exchanges that the 54th Annual General Meeting (AGM) will be held on Thursday, 24th September, 2026 at 10:30 AM through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The final dividend, if approved by shareholders in the AGM, shall be paid within 30 days from the date of approval subject to TDS deductions. The company has assured that the Notice of the AGM and Annual Report for the Financial Year ended March 31, 2026, containing audited financial statements and auditor reports, will be sent in due course to shareholders.
According to Live Mint reports, this marks the sixth successive year that SAIL has declared a dividend to its shareholders. In 2025, SAIL declared a final dividend of ₹1.60 per share with a record date of 9th September 2025. The company also traded ex-dividend twice in 2023, declaring an interim dividend of ₹1 per share and a final dividend of ₹0.50 per share. In 2022, SAIL declared an interim dividend of ₹2.50 per share followed by a final dividend of ₹2.25 per share. In 2024, SAIL traded ex-date on 19th September to finalise eligible shareholders for the payment of the Re 1 final dividend, which followed an interim dividend of Re 1 per share declared after trading ex-date on 20th February 2024.
As reported by Live Mint, SAIL informed the exchanges that the record date announcement is made in continuation of the intimation mentioned above and pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that the Notice of the AGM and Annual Report for the Financial Year ended March 31, 2026, containing audited financial statements and auditor reports, will be sent in due course to shareholders. The company has maintained strict compliance with SEBI regulations throughout its dividend declaration process.
