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.

Steel Authority of India is currently at an initial stage of exploring capital market fundraising options, with a Follow-on Public Offer (FPO) or a Qualified Institutional Placement (QIP) among the avenues being considered. The state-owned steel major has not announced any definitive decision or timeline regarding the proposed capital-raising exercise.

Capital Raising Options Under Consideration

The company is evaluating two primary instruments for potential fundraising, as outlined below:

Key Highlights

• Steel Authority of India is exploring the FPO and QIP routes as potential capital-raising mechanisms.
• The exploration is currently at an initial stage, with no formal decision confirmed.
• No specific fundraising quantum, timeline, or regulatory filing has been disclosed at this point.

The development reflects the company's consideration of equity market instruments to potentially augment its capital base. As the process is in its nascent stage, further clarity on the structure, size, and timing of any such offering is awaited.