Steel Authority of India accepted the resignation of Ashish Chatterjee as Government Nominee Director effective August 24, 2026. The change follows an order from the Ministry of Steel dated August 27, 2026.

Chatterjee, who served as Additional Secretary and Financial Advisor at the Ministry of Steel, ceased holding the charge on the specified date. The company disclosed the change in board composition to comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

The notification was issued by M.B. Balakrishnan, Executive Director (Finance & Accounts) and Company Secretary, and communicated to both the Bombay Stock Exchange and the National Stock Exchange of India.

Steel Authority of India Limited has fixed September 30, 2026, as the record date for shareholders eligible to receive the final dividend for FY26.

The Steel Authority of India Board recommended a final dividend of ₹2.35 per equity share of face value ₹10 each during its meeting on May 15, 2026. This payout represents 23.50% of the company's paid-up equity share capital.

Key Dates and Details

The 54th Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 10:30 am through Video Conferencing or Other Audio Visual Means (OAVM). The AGM notice and annual report for the financial year ended March 31, 2026, including audited financial statements, will be dispatched to members in due course.

Shareholders on record as of September 30, 2026, will be eligible for the dividend payout, subject to approval at the AGM. If approved, the final dividend will be paid within 30 days of shareholder approval, subject to applicable Tax Deducted at Source (TDS).

What the Numbers Show

The recommended dividend yield of 23.50% on the face value indicates a significant return relative to the nominal capital structure, though actual market yield depends on prevailing share prices. The strict timeline—AGM on September 24 followed by a record date six days later—aligns with standard SEBI listing regulations to ensure timely disbursement.