Steel Authority of India Limited shareholders approved all eight resolutions at the 54th Annual General Meeting held on September 24, 2026. The meeting, conducted via Video Conferencing, saw participation from 145 shareholders through the virtual platform, alongside remote e-voting from September 20 to September 23, 2026. The Scrutinizer, Sachin Agarwal of Agarwal S. & Associates, certified that all resolutions were carried out with the requisite majority. The resolution to adopt the standalone and consolidated audited financial statements for FY26 received 96.41% votes in favour.
The final dividend of ₹2.35 per share for financial year 2025-26 received overwhelming shareholder approval with 98.27% support at the AGM. As previously announced, the company fixed Wednesday, September 30, 2026 as the record date for determining shareholder eligibility. The dividend represents 23.50% of the company's paid-up equity share capital and will be paid subject to tax deduction at source within 30 days of shareholder approval. The strong approval rate demonstrates robust shareholder confidence in the company's financial performance and dividend policy. According to ET Now, if an investor owns 1,000 shares, they will be eligible to receive ₹2,350 as dividend. The dividend yield stands at 1.72% based on the annual dividend rate.
Today marks the last day to buy SAIL shares to be eligible for the upcoming final dividend, as per the T+1 settlement cycle. The record date for determining shareholder eligibility has been fixed as Wednesday, September 30, 2026. As reported by ET Now, the final dividend for FY 2025-26, if approved by shareholders, shall be paid subject to tax deduction within 30 days from the date of approval by the shareholders. The stock closed at ₹184.45 per share on BSE on Tuesday, with the company maintaining a return on equity (ROE) of 7.68%. The stock has delivered strong performance with 23% returns in six months and 38% gains in one year, while surging 97% over the past year.
Director re-appointments faced 7-8% overall dissent, which is higher than routine items, according to the AGM voting results. The promoter group voted 100% in favour of the re-appointments, while public institutions showed approximately 30% dissent on board changes. This mixed response to board appointments highlights the ongoing debate around corporate governance reforms and board independence strategies within the company.
According to Mint reports, SAIL has maintained a consistent dividend payment schedule across recent years. In 2025, the company declared a final dividend of ₹1.60 per share with September 9, 2025 as the record date. The previous year saw a Re 1 final dividend with September 19, 2024 as the ex-dividend date, following an interim dividend of Re 1 per share in February 2024. In 2023, SAIL declared an interim dividend of Re 1 per share in March and a final dividend of ₹0.50 per share in September. The company also announced multiple dividend payouts in 2022 and 2021, including interim and final dividends ranging from ₹1 to ₹4 per share.
The dividend yield calculation shows an estimated yield of 1.27% based on the final dividend of ₹2.35 per share and the prevailing market price. SAIL shares have delivered strong performance with 26% returns over the last six months and 24.62% year-to-date gains. The stock has also gained 35.51% over the past year and 98.71% over three years. The strong shareholder support for the ₹2.35 dividend and the company's consistent dividend payments over six years demonstrate its financial stability and commitment to shareholder returns, positioning it well for future growth initiatives.
