Date, Location, and Type of Meeting

The 54th AGM was held on Thursday, September 24, 2026, at 10:30 hours IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM), in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI.

Summary of Proposed Resolutions and Implications

The meeting included the following resolutions for shareholder approval:

  • Ordinary Business:
  • Resolution 1: To receive, consider, and adopt the audited standalone financial statements for the financial year ended March 31, 2026, along with reports of the Board of Directors and Auditors, and the audited consolidated financial statements for the same period with the Auditors' report.
  • Resolution 2: To appoint a director in place of Shri Manish Raj Gupta (DIN: 10905637), who retires by rotation and is eligible for re-appointment.
  • Resolution 3: To appoint a director in place of Shri Alok Verma (DIN: 10905643), who retires by rotation and is eligible for re-appointment.
  • Resolution 4: To authorize the Board of Directors to fix the remuneration of the Statutory Auditors appointed by the Comptroller & Auditor General of India for the financial year 2026-27.
  • Resolution 5: To declare a final dividend for the financial year 2025-26 at Rs.2.35 per equity share of face value Rs.10 each.
  • Special Business:
  • Resolution 6: To appoint Shri Priya Ranjan (DIN: 11450035) as a Whole Time Director of the Company.
  • Resolution 7: To appoint Shri T.N. Natarajan (DIN: 1589908) as a Whole Time Director of the Company.
  • Resolution 8: To ratify the remuneration of the Cost Auditors for the financial year 2026-27.

The implications include formal adoption of financial results, director appointments, and dividend distribution.

Voting Process and Methods Used

The Company provided remote e-voting facilities through National Securities Depository Limited (NSDL), which commenced on September 20, 2026, at 09:00 hours IST and ended on September 23, 2026, at 17:00 hours IST. Members who did not vote remotely could vote during the AGM via e-voting. The process adhered to Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Key Voting Outcomes

No specific voting results are provided in this document. The Scrutinizer, Shri Sachin Agarwal of M/s. Agarwal S. & Associates, was appointed to scrutinize the remote e-voting and e-voting during the AGM. The results, along with the Scrutinizer's report, will be made available on the Company's website and NSDL's website within the prescribed timeline.

Scrutinizer's Role, Findings, and Conclusions

Shri Sachin Agarwal, Practising Company Secretary, was engaged to ensure a fair and transparent voting process. As of the meeting date, the vote compilation was ongoing, and no findings or conclusions are disclosed here.

Confirmation of Compliance

The meeting was convened and conducted in compliance with the Companies Act, 2013, its rules, and Secretarial Standards issued by the ICSI. The Company Secretary confirmed that all regulatory requirements were met.

Names and Roles of Signatories

The document is signed by M.B. Balakrishnan, ED (F&A) and Company Secretary of Steel Authority of India Limited, who attested to the proceedings.

Additional Information

The Chairman & Managing Director, Dr. Ashok Kumar Panda, addressed shareholders on performance, renewable energy, technological advancements, CSR, corporate governance, and future outlook. The Company Secretary reported nil comments from the Comptroller & Auditor General of India and nil qualifications in the Statutory Auditors' report for FY 2025-26. The Secretarial Auditor's report was also read, with Board explanations provided for any observations. The meeting concluded at 11:40 hours IST.