Steel Authority of India (SAIL) Management Change
SAIL disclosed profiles of two Government Nominee Directors appointed by the Ministry of Steel. The appointees are Sarita Chauhan and Vinod Kumar Tripathi.
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SAIL disclosed profiles of two Government Nominee Directors appointed by the Ministry of Steel. The appointees are Sarita Chauhan and Vinod Kumar Tripathi.
SAIL H1 FY27: turnover Rs 57,776 cr (+10.6%), EBITDA Rs 8,917 cr (15.4% margin), PAT Rs 3,410 cr (3x). Q2 PAT Rs 1,774 cr. Margin expansion driven by realisations.
Steel Authority of India (SAIL) Ltd reported revenue from operations of ₹31,998 Cr (+19.8% YoY) and net profit of ₹1,750 Cr (+318.1% YoY) for Q2 FY27.
SAIL intimated that its Board meets on 27 October 2026 to consider unaudited results for the quarter and half-year ended 30 September 2026. The trading window is closed until results are announced.
Steel Authority of India Ltd submitted its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ended September 30, 2026.
SAIL has appointed Ms. Sarita Chauhan and Shri Vinod Kumar Tripathi as Government Nominee Directors on its Board of Directors, effective immediately.
SAIL's AGM held 24-09-2026 passed all eight resolutions including FY25-26 financials, Rs.2.35 final dividend, and new director appointments. All votes cleared with overwhelming promoter support.
CareEdge Ratings has revised the outlook to 'Positive' and reaffirmed credit ratings for various bank facilities and commercial paper of Steel Authority of India Limited.
Steel Authority of India Limited has appointed Shri Mohit Malpani as Company Secretary and Compliance Officer. He succeeds Shri M.B. Balakrishnan following his superannuation on September 30, 2026.
SAIL signed an MoU with Bharat Coking Coal Limited for joint development and operation of specific coal blocks in West Bengal.
SAIL held its 54th AGM on September 24, 2026, approving financial statements, director appointments, and a final dividend of Rs. 2.35 per share.
SAIL reported Q1 FY27 Revenue of Rs. 26,010 crore with PAT at Rs. 1,636 crore. EBITDA margin improved to 16.7% vs 12.0% in Q4 FY26.
India Ratings and Research has revised the credit ratings for Steel Authority of India's various debt instruments and bank loan facilities. The rating actions were disclosed to exchanges.
Life Insurance Corporation of India reduced its stake in Steel Authority of India Ltd from 6.625% to 4.625%. The open market sale involved 82,632,513 shares.
Steel Authority of India Limited has released its Business Responsibility & Sustainability Report for FY 2025-26. This document serves as a periodic regulatory compliance disclosure.
Steel Authority of India Ltd has issued a notice convening its 54th Annual General Meeting on 24th September 2026, alongside its Annual Report for FY 2025-26.
Shri Ashish Chatterjee has ceased to hold the charge of Government Nominee Director at Steel Authority of India Limited, effective August 24, 2026.
Steel Authority of India Limited scheduled its 54th AGM for September 24, 2026. The record date for the Rs. 2.35 final dividend is September 30, 2026.
SAIL clarified that it is in preliminary stages of exploring various fundraising options like FPO/QIP for its capital expenditure needs.
SAIL reported Q1 FY27 results with EBITDA of INR 4,356 Cr and PAT of INR 1,636 Cr, reflecting strong profitability despite lower sales volumes due to planned capital repairs.
SAIL clarified that a news report regarding a joint venture with Krakatau Steel is not new information. The company denied any undisclosed events causing recent share price movement.
SAIL reported Q1 FY27 Revenue of Rs. 26,010 crore with a PAT of Rs. 1,636 crore. Focus remains on operational efficiency with EBITDA margin improving to 16.7%.
Steel Authority of India (SAIL) Ltd reported revenue from operations of ₹26,246 Cr (+1.2% YoY) and net profit of ₹1,644 Cr (+120.8% YoY) for Q1 FY27.
SAIL has announced the re-appointment of M/s. Shome & Banerjee, Niran & Company, and Narsimha Murthy & Co as Cost Auditors for a 12-month term.
SAIL has approved the re-appointment of M/s Shome & Banerjee, M/s Niran & Co., and M/s Narasimha Murthy & Co. as cost auditors for FY 2026-27.
SAIL will hold a Board Meeting on 24th July, 2026 to consider and approve the unaudited financial results for the quarter ended 30th June, 2026.
SAIL filed its Annual Secretarial Compliance Report for FY 2025-26. The report details several regulatory non-compliances regarding board composition and committee requirements during the period.
SAIL delivered strong Q4 FY26 results with 43% PAT growth and significant debt reduction of ₹3,200 crore. Management is focusing on operational efficiency and expansion at IISCO, Bokaro, and Bhilai plants.
Steel Authority of India (SAIL) scheduled a board meeting for May 15, 2026. The board will consider recommending a final dividend for financial year 2025-26.
Dr. Ashok Kumar Panda has joined as Chairman & Managing Director of SAIL effective May 9, 2026. This leadership transition follows his tenure as Director (Finance).