STEEL AUTHORITY OF INDIA LTD.

Life Insurance Corporation of India (LIC) has disclosed a sale of 62,632,513 equity shares, representing 2.001% of the total share capital, in Steel Authority of India Limited (SAIL). This transaction, executed via market sale between April 28, 2026, and September 1, 2026, reduces LIC's total shareholding in SAIL from 6.625% to 4.625%. The total equity share capital of SAIL remains at ₹4,130.52 crore post-sale.

Steel Authority of India Limited (SAIL) has submitted its Business Responsibility & Sustainability Report (BRSR) for the financial year 2025-26. The report details the company's corporate identity, operational scope, and employee statistics. SAIL's business activities are primarily focused on the manufacturing of iron and steel, contributing 100% to its turnover. The company operates across numerous locations in India and serves a diverse customer base including government organizations, PSUs, private companies, and distributors. Exports constitute a minor 1.05% of its total turnover. The report also provides a breakdown of its workforce, including permanent and contract employees, and details on differently-abled personnel.

Steel Authority of India Ltd (SAIL) has announced its 54th Annual General Meeting (AGM) will be held on September 24, 2026, at 10:30 AM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company has dispatched the Notice of AGM and the Annual Report for FY 2025-26, including audited financial statements, through electronic mode on September 1, 2026. SAIL is providing remote e-voting facility from September 20 to September 23, 2026, and e-voting during the AGM, facilitated by National Securities Depository Limited (NSDL). The cut-off date for determining voting eligibility is September 17, 2026.

Steel Authority of India Limited (SAIL) has announced its 54th Annual General Meeting (AGM) will be held on September 24, 2026, at 10:30 AM via Video Conferencing. The company also fixed September 30, 2026, as the record date for its final dividend for FY 2025-26. The Board of Directors had previously recommended a final dividend of ₹23.57 per equity share. The Annual Report and AGM Notice will be circulated in due course. The dividend, if approved by shareholders, will be paid within 30 days of the AGM.

Steel Authority of India Limited (SAIL) has announced the record date for its final dividend for the Financial Year 2025-26. The 54th Annual General Meeting (AGM) will be held on September 24, 2026. The Board of Directors had previously recommended a final dividend of ₹2.357 per equity share. The record date for determining shareholder eligibility for this dividend has been fixed as September 30, 2026. If approved by shareholders at the AGM, the dividend will be paid within 30 days of approval, subject to TDS.

Steel Authority of India Ltd (SAIL) has clarified that it is exploring various routes for raising funds to meet its capital expenditure (capex) requirements. A Follow-on Public Offering (FPO) or Qualified Institutional Placement (QIP) is among the options being considered. The company stated that these explorations are in a preliminary stage and have been informed to the stock exchanges as per Regulation 30.

Steel Authority of India Ltd (SAIL) has issued a clarification regarding news articles about a potential joint venture. The company confirmed signing a legally binding MOU with Krakatau Steel, Indonesia on July 6th, 2026, to explore a joint venture for manufacturing stainless steel slabs in Indonesia. Details of this MOU were publicly available via press releases on July 8th/9th, 2026. SAIL stated that a recent article in the Economic Times on July 29th, 2026, was a repeat of earlier news and not the trigger for any price movement in SAIL's shares on that day. The company also affirmed it is unaware of any unannounced information that could explain trading activity.

SAIL's Q1 FY27 print is a profitability story built on price and cost, not volume. Consolidated PAT rose 120.8% YoY to ₹1,644 Cr (standalone ₹1,636 Cr, +138.8%) even as consolidated revenue barely moved — up 1.25% to ₹26,246 Cr. The two bases diverge on growth (121% vs 139%) only because the year-ago consolidated base carried heavier JV/associate profit; this quarter's equity-method share was just ₹25.8 Cr, so absolute PAT is near-identical on both — the growth gap is optical, not operational. The entire profit jump is margin. EBITDA climbed ~48.9% YoY to ₹4,356 Cr and net margin more than doubled to 6.26% from 2.85% a year ago, as higher realisations and cost control offset rising coking-coal costs — precisely the price-offsets-coal dynamic flagged on the Q4 concall. Strikingly, this came despite LOWER output: crude steel 4.76 Mt (vs 4.85) and sales 4.16 Mt (vs 4.55), with management saying it advanced scheduled repairs/maintenance into the quarter citing supply-chain disruption. A ₹144 Cr voluntary-retirement exceptional charge (year-ago nil) depressed the print; excluding it, adjusted PAT growth is ~+135%, so the beat is genuine rather than one-off-flattered. Against the street this beats on profit — Univest had pencilled ~₹1,118 Cr PAT (+50%) — while revenue fell just short of the ~₹28,000 Cr expected, the gap being the volume shortfall. Sequentially the quarter softened (PAT −10.4%, revenue −14.8% QoQ) off a seasonally strong Q4, which is normal. On guidance, management's FY27 target of 22 Mt sales (vs ~19 Mt FY26) now looks demanding: a 4.16 Mt Q1 implies a steep H2 ramp, though management had itself flagged muted H1 demand. The board declared results alongside the ₹2.35 FY26 final dividend, under a continuing governance overhang — auditors again flagged the board lacks requisite independent/woman directors, and a Ministry-of-Steel investigation into pricing decisions is ongoing (management sees no material impact); Dr. Ashok Kumar Panda took charge as CMD in May. CMD Panda framed it as "a significantly profitable first quarter… through enhanced operational efficiencies, prudent cost management and focused marketing," and the margin numbers back that claim. The open questions into Q2 are whether the price–coal spread holds through H1 and whether SAIL can lift volumes toward 22 Mt while funding its ₹15,000 Cr FY27 capex from internal accruals — total indebtedness is roughly flat at ₹21,729 Cr and debt-equity a comfortable 0.54, but debt-service coverage compressed to 1.66x from 7.26x in Q4.

Steel Authority of India Ltd (SAIL) has announced the re-appointment of its cost auditors for the Financial Year 2026-27. The decision was approved by the Board of Directors at a meeting held on July 6, 2026. The appointed firms are M/s Shome & Banerjee (New Delhi), M/s Niran & Co. (Bhubaneswar), and M/s Narasimha Murthy & Co. (Hyderabad). This re-appointment is in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, ensuring continued adherence to financial and regulatory standards.

Steel Authority of India Ltd (SAIL) has announced that its Board of Directors will convene on July 24, 2026, in New Delhi. The primary agenda for this meeting is to consider, approve, and take on record the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. In line with SEBI regulations, the company has also closed its trading window from July 1, 2026, and it will remain shut until 48 hours after the financial results are officially announced.