Sunflag Iron & Steel Company has announced the cessation of Mr. Anand Sadashiv Kapre as Non-executive Independent Director effective September 20, 2026.

The departure follows the completion of his fixed second term of three consecutive years. The company disclosed the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Composition Update

Mr. Kapre (DIN: 00019530) ceased to hold office at the end of the day on September 20, 2026. The filing was signed by CS Ashutosh Mishra, Head Company Secretary & Compliance Officer, and submitted to both the BSE and NSE listing departments.

The disclosure includes details required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, relating to the cessation of directors. No new appointment details were provided in this specific filing.

Sunflag Iron & Steel Company has submitted its 40th annual report for FY26 to stock exchanges. The board recommends a final dividend of ₹1 per equity share ahead of the AGM on September 25, 2026.

The filing confirms the meeting will be held via video conferencing or other audio-visual means at 12:00 pm. Shareholders on record as of September 11, 2026, are eligible to receive the payout if approved by members at the AGM.

Dividend and Tax Details

The proposed dividend represents a 10% payout on the face value of ₹10 per share. If approved, the company plans to disburse the dividend on or after September 29, 2026. Payments will be made through prescribed modes to members registered in the register of members as on the record date.

Under the Income Tax Act, 2025, dividends are taxable in the hands of shareholders. The company will deduct tax at source (TDS) at prescribed rates during payment. Shareholders must submit relevant documents to avail applicable tax rates by September 18, 2026.

Voting and Participation

The company will provide remote e-voting facilities to all members. The e-voting process and detailed instructions for participating in the AGM via VC/OAVM will be outlined in the official notice of the meeting. Members holding shares in demat mode should update their email addresses with their depository participants, while physical shareholders must register via Form ISR-1 with the Registrar and Share Transfer Agent, Bigshare Services Private Limited.

AGM Agenda Items

The 40th Annual General Meeting includes ordinary and special business items for shareholder approval.

Mr. Mukund Prabhakar Chaudhari was appointed as an Additional Director effective August 11, 2026. His appointment as an Independent Director is proposed for a fixed first term ending December 10, 2029. Mr. Ramchandra Vasant Dalvi’s re-appointment as Director (Technical) is effective August 14, 2026, with a basic salary of ₹6.66 lakh per month.