Steel Authority of India’s ₹2.35-per-share final dividend is no longer just a board recommendation. The company’s shareholder-voting filing confirms that the resolution passed at the September 24, 2026 annual general meeting.
That approval comes ahead of the September 30 record date for the FY2026 distribution. The two milestones serve different purposes: the vote authorises the final dividend, while the record date determines eligible members.
What the voting result establishes
The scrutinizer and voting-result filing reports approximately 98.27% of votes cast in favour of the dividend resolution. It also confirms that the AGM resolutions were approved with the required majority.
For 100 eligible shares, the gross distribution would be ₹235. The ₹2.35 amount equals 23.5% of the share’s ₹10 face value; that face-value percentage should not be presented as a 23.5% investment yield.
Record date versus payment window
The notice included in SAIL’s annual report specifies September 30, at the end of business hours, for determining entitlement. It says the approved dividend will be paid within 30 days of shareholder approval, subject to applicable tax deduction.
Consequently, September 30 is not itself a guaranteed bank-credit date. Investors should check their registered bank details and the subsequent payment communication rather than interpreting the eligibility date as proof of receipt.
The relevant update is approval, not a new declaration
The per-share proposal was known before the AGM. The newer development is that the approval condition has been satisfied. CapKet has distinguished those stages to avoid presenting an older proposal as newly announced cash.
A dividend does not shield a holding from changes in steel demand, costs or market prices. This report concerns the documented distribution and timetable; it supplies neither a live quotation nor a buy-or-sell recommendation.