Steel Authority of India Limited (SAIL) has notified the stock exchanges that its Board of Directors is scheduled to meet on May 15, 2026, at New Delhi to consider, approve, and take on record the audited financial results for the quarter and year ended March 31, 2026. In a subsequent communication dated May 11, 2026, bearing reference No. CA-17(44)/2026-27, the company further informed that the board may also consider and recommend a Final Dividend for the Financial Year 2025-26, if any. Both intimations were communicated to the Bombay Stock Exchange and the National Stock Exchange of India Limited through their respective online platforms.

Board Meeting Details

The upcoming board meeting has been convened in compliance with Regulation 29(1) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The board will deliberate upon and approve both the standalone and consolidated audited financial results of the company for the quarter and full financial year ended March 31, 2026, and may additionally consider the recommendation of a final dividend.

Trading Window Closure

In line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, Steel Authority of India has implemented a trading window closure for the company's securities. The key details of the trading window restriction are as follows:

• Trading window closed from: April 1, 2026
• Trading window to reopen: 48 hours after the announcement of financial results for the quarter and year ended March 31, 2026

Both notices were signed by M.B. Balakrishnan, Executive Director (F&A) & Company Secretary of Steel Authority of India Limited, and addressed to the General Manager (Market Operations) at the Bombay Stock Exchange and the Assistant Vice President at the National Stock Exchange of India Limited.

Steel Authority of India Limited has announced a significant change in its Board composition, with Dr. Ashok Kumar Panda assuming charge as Chairman & Managing Director (CMD) effective 9th May, 2026. The appointment follows an order issued by the Government of India on 8th May, 2026. The company has affirmed that Dr. Panda is not debarred from holding the office of CMD by virtue of any SEBI order or any other such authority.

Leadership Transition at SAIL

Prior to his elevation as CMD, Dr. Panda served as Director (Finance) at Steel Authority of India Limited, where he took measures for improving operational efficiencies through technical interventions and boosting production with product basket enrichment. He also held the charge of Director (Commercial) for a brief period of about 9 months, during which he focused on aligning operations with marketing and finance towards improving sales and reducing inventory, with emphasis on branding and advertising. Dr. Panda additionally serves as a Nominee Director on the board of ICVL, a joint venture of SAIL, and has previously served as Nominee Director in other CPSEs.

The key details of the leadership appointment are summarised below:

Profile and Professional Background

Dr. Ashok Kumar Panda is described as a technocrat-cum-finance expert with deep technical knowledge and domain expertise. He joined SAIL as a Management Trainee (Technical) in 1992 after completing his B.E. in Electrical Engineering. He subsequently completed a Full-Time PGDM and later acquired a Ph.D. in Business Management. His professional journey spans more than three decades across various plants and units of SAIL, covering a wide range of disciplines and hierarchical levels.

His areas of contribution include:

• Strategic planning and policy making
• Production and project appraisal and execution
• Marketing and sales
• Procurement
• EBITDA improvement
• Cost and budget management
• Treasury management
• Taxation

Leadership Qualities and Organisational Vision

Dr. Panda has been recognised for his exemplary leadership skills and his ability to bring about cultural change across the various roles and levels he has worked in, contributing to significant performance growth. He is noted for demonstrating composure and clarity of thought in challenging and high-pressure situations, along with strong analytical skills, a proactive approach, and an inclination towards innovative solutions.

As CMD, Dr. Panda has envisioned strengthening SAIL's position among the top steel producing companies. His stated focus areas include value creation for stakeholders through expansion of capacities, higher volumes, better operational efficiencies, raw material security, workplace safety, cost control, and improved financial performance.