Steel Authority of India Limited (SAIL) — Corporate Action

📢 Key Event
SAIL recommends ₹2.35 final dividend per share for FY 2025-26, payable within 30 days of AGM approval.

🔄 What Changed
Net profit rose 50.5% YoY to ₹3,233 crore; debt reduced by ₹8,148 crore; exceptional items totaled ₹1,085.34 crore; board composition non-compliance noted.

🔮 What's Next
Dividend to be paid within 30 days of shareholder approval at the upcoming AGM.

💡 Investor Takeaway
The dividend reflects strong profitability and confidence in cash flow, though governance concerns persist.

SAIL recommended a final dividend of ₹2.35 per share (23.5% of paid-up capital) for FY 2025-26, payable within 30 days of AGM approval, backed by audited net profit of ₹1,105.11 crore and total revenue of ₹43,962.35 crore. The audit report confirms a true and fair view under Ind AS, though notes board non-compliance with SEBI norms due to insufficient independent directors and missing woman director. Exceptional items totaled ₹1,085.34 crore, including ₹451.34 crore from gratuity adjustments and ₹216.88 crore from DVC tariff disputes. The company reduced debt by ₹8,148 crore, improved EBITDA to ₹13,146 crore, and reported 50.5% YoY PAT growth to ₹3,233 crore. Board suspensions were revoked by the Ministry of Steel.

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