Steel Authority of India shareholders back all AGM resolutions

Steel Authority of India Limited (SAIL) announced the voting results of its 53rd Annual General Meeting (AGM) held on September 16, 2025. All 19 resolutions, including ordinary and special resolutions, were duly approved by shareholders with the requisite majority.

Key ordinary resolutions passed include the adoption of the financial statements for the year ended March 31, 2025, with 93.96% votes in favor, and the declaration of a final dividend of INR 1.60 per equity share (face value INR 10) for FY 2024-25, which received 100% approval. Several director appointments and re-appointments were also approved, with votes in favor ranging from 93.96% to 99.96%.

Material related party transactions, including those with NTPC-SAIL Power Company Limited for up to INR 6,000 crore and with Bokaro Power Supply Company Private Limited for up to INR 3,000 crore, both received 98.98% approval. A transaction with Minas De Banga Limitada for up to INR 1,500 crore was approved with 100% votes in favor.