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.

Sunflag Iron & Steel Company filed its Business Responsibility and Sustainability Report (BRSR) for FY26 on September 1, 2026. The standalone disclosure outlines the steel manufacturer’s environmental performance, governance structures, and social impact initiatives for the financial year ending March 31, 2026.

Environmental Performance

The company reported a reduction in total energy consumption to 2,302,309,972 Mega Joules in FY26, down from 2,562,841,699 MJ in the previous year. This decline coincided with a drop in energy intensity per rupee of turnover from 0.07248 to 0.05844 MJ/Rs. Renewable electricity consumption rose significantly to 137,753,903 MJ compared to 46,684,645 MJ in FY25, while non-renewable fuel consumption fell to 15,968 MJ from 24,457 MJ.

Greenhouse gas emissions also decreased. Total Scope 1 emissions stood at 14,54,087.45 tCO2, lower than the 15,27,748.16 tCO2 recorded in FY25. Scope 2 emissions dropped to 1,21,840.43 tCO2 from 1,76,158.20 tCO2. Combined emission intensity per metric tonne of physical output improved to 2.632 tCO2/MT from 3.114 tCO2/MT.

What the Numbers Show

The divergence between rising renewable electricity usage and falling non-renewable fuel consumption indicates a structural shift in the company's energy mix. While total renewable energy intake nearly tripled, the overall reduction in energy intensity suggests operational efficiency gains are complementing the transition to cleaner power sources.

Water and Waste Management

Sunflag maintains a Zero Liquid Discharge (ZLD) system. Total water withdrawal remained stable at 30,40,588 kiloliters, sourced entirely from surface water. Waste generation declined to 5,92,459.31 metric tonnes from 6,53,973.61 MT in FY25. Of this, 1,93,373 MT was recovered through recycling or reuse, while 3,99,085 MT was safely disposed of via landfilling.

Governance and Social Metrics

The company employs 969 permanent employees and 3,080 workers. Female representation among employees stands at 0.62%, with one woman on the eight-member Board of Directors. The turnover rate for permanent employees was 16.70%, down slightly from 17.56% in FY25. No fatalities were recorded among employees, though one worker fatality was reported during the year.