SAIL Dividend FY26: ₹2.35 Approved, Record Date Sep 30

What happened at SAIL’s 54th AGM

Steel Authority of India Limited (SAIL) said its shareholders approved a final dividend of ₹2.35 per equity share for FY26 at the company’s 54th Annual General Meeting (AGM) held on September 24, 2026. The AGM was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Alongside the dividend, shareholders also approved the adoption of the audited financial statements. The company disclosed the AGM proceedings through an exchange announcement dated September 24, 2026.

The final dividend was presented as a shareholder item and was cleared at the meeting. SAIL had earlier recommended the dividend, subject to shareholder approval at the AGM. The AGM related to the financial year ended March 31, 2026. The company has also indicated the dividend will be processed through electronic mode only.

Dividend details: amount, eligibility and key dates

The approved final dividend stands at ₹2.35 per share for FY26. The record date for determining dividend eligibility is September 30, 2026. SAIL’s disclosures also reference an ex-dividend date entry of September 30, 2026 for ₹2.35.

Shareholders eligible as of the record date will receive the final dividend, as per the company’s stated process. The company has linked the dividend payout timeline to standard regulatory processes and record-date eligibility. SAIL’s communication also notes the company’s stated intent to return value to shareholders through this dividend recommendation and approval.

How voting was conducted: remote e-voting and live meeting voting

SAIL outlined a structured voting process consistent with SEBI requirements. The Company Secretary confirmed that remote e-voting was provided from September 20 to September 23, 2026. Members who did not vote remotely were allowed to cast votes during the live meeting using electronic means.

For voting eligibility, the cut-off date was set as September 17, 2026, at the end of business hours. Only members recorded in the Register of Members or the Depository Beneficial Owners list as of that date were eligible to vote. National Securities Depository Limited (NSDL) served as the agency facilitating the e-voting process, and Sachin Agarwal was appointed as the scrutinizer.

When the e-voting results will be declared

SAIL stated that the results of the voting will be published on the company’s website within the prescribed timeline. Separately, the company also indicated that e-voting results would be declared within two working days after the conclusion of the AGM. These timelines align with typical post-AGM disclosure practices, where scrutinizer reports and voting outcomes are uploaded after verification.

The company has provided contact details for shareholder queries, including the email address secy.sail@sail.in and its website link (http://www.sail.co.in). The AGM filing and the e-voting process updates were positioned as part of the company’s compliance and disclosure workflow.

SAIL share price check: day move, 1-week trend, 1-year return

On September 24, 2026 at 03:59 PM IST, SAIL’s share price was reported at ₹184.00. The stock was down 0.78% based on a previous share price of ₹185.44, with a reported move of -1.44 points ( -0.78% ). Over a 1-week period, the stock price was reported to have moved up by 3.76%.

The filing snapshot also showed a 1-year return of +34.01% for SAIL. These numbers provide immediate market context around the AGM outcome and dividend approval, though the disclosures themselves focus on process, dates, and shareholder approvals.

Key figures investors referenced in the disclosure snapshot

SAIL’s market snapshot included a market capitalisation of ₹74,911.21 crore. It also listed a Price to Earnings (P/E) ratio of 22.09 and a Price to Book (P/B) ratio of 0.85. A dividend yield figure of 1.30% was also shown in the data presented.

These metrics were presented as part of the broader stock information around the AGM and dividend item. They are useful for investors comparing dividend payouts with valuation and the company’s trading levels at the time of the disclosure.

Summary table: dividend, dates, voting window and stock snapshot

Why the AGM outcome matters for shareholders

The dividend approval confirms the payout for FY26 and clears the key procedural requirement needed to proceed with distribution to eligible shareholders. The record date of September 30, 2026 becomes the operational marker for investors tracking entitlement. For shareholders, this is particularly important because buying or selling close to record dates can determine whether the dividend is received.

The voting process details also matter because they show whether the company followed the prescribed governance steps. SAIL’s disclosures reference remote e-voting, a defined cut-off date, and a third-party facilitator and scrutinizer, which are standard elements of transparent shareholder decision-making.

What to watch next

The next formal update expected from SAIL is the publication of the AGM voting results on its website within the stated timeline, and the declaration of e-voting results within two working days after the AGM conclusion. Investors will also track the record date on September 30, 2026 for dividend eligibility. Any subsequent communication would typically relate to the completion of payout processing through electronic mode.