SAIL concludes 53rd AGM, approves dividend and director appointments

SAIL's 53rd Annual General Meeting (AGM) was held on September 16, 2025, through video conferencing, chaired by Amarendu Prakash. Shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2025. A final dividend of INR 1.60 per equity share (face value INR 10 each) was declared for the financial year 2024-25. The meeting also re-appointed K. K. Singh as a director and authorized the board to fix the remuneration of the statutory auditors for FY 2025-26.

Key appointments included Manish Raj Gupta, Alok Verma, Dr. Ashok Kumar Panda, Surajit Mishra, and Chitta Ranjan Mohapatra as whole time directors. Dr. Gopal Singh Bhati, Dr. Anju Bajpai, Manjeet Kumar Razdan, and Pranoy Roy were re-appointed as independent directors. Ashish Chatterjee was appointed as a government director. M/s. Agarwal S. & Associates were appointed as secretarial auditor for five years, from FY 2025-26 to FY 2029-30.

The board was authorized to carry out material related party transactions: with NTPC-SAIL Power Company Limited for up to INR 6,000 crore, with Bokaro Power Supply Company Private Limited for up to INR 3,000 crore, and with Minas De Banga Limitada (Mozambique) for up to INR 1,500 crore, all from the date of the AGM in FY 2025-26 until the AGM in FY 2026-27. The remuneration of cost auditors for FY 2025-26 was also ratified.