Sunflag Iron and Steel Announces 40th AGM on Sep 25, 2026; Proposes 10% Dividend
Sunflag Iron and Steel will hold its 40th AGM on September 25, 2026, via VC/OAVM. The company proposes a 10% final dividend (₹1 per share) for FY25-26. The agenda includes adopting financial statements, re-appointing directors, and ratifying cost auditor remuneration. Remote e-voting is available from Sep 21-24, 2026.
The impact is medium as the AGM agenda includes routine corporate actions like dividend declaration and director appointments, which are important for governance but do not represent a significant strategic shift or major financial event.
The announcement is positive due to the declaration of a dividend and the proposed re-appointments of directors, indicating stability and shareholder returns.
Sunflag Iron and Steel Company Limited has announced its 40th Annual General Meeting (AGM) to be held on Friday, September 25, 2026, at 12:00 PM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
The agenda for the AGM includes the adoption of Audited Financial Statements (Standalone and Consolidated) for the Financial Year 2025-26, which ended on March 31, 2026. The company also proposes to declare a final dividend of 10%, amounting to ₹1 per equity share of face value ₹10, for the same financial year.
Key appointments are also on the agenda. Mr. Ravi Bhushan Bhardwaj is set to retire by rotation and offers himself for re-appointment. Additionally, Mr. Mukund Prabhakar Chaudhari, who was appointed as an Additional Director effective August 11, 2026, is proposed to be appointed as a Non-executive, Independent Director for a term of forty months, ending on December 10, 2029. Furthermore, Mr. Ramchandra Vasant Dalvi is proposed for re-appointment as a Director (Technical), designated Key Managerial Personnel, for a further period of three years effective August 14, 2026.
The meeting will also seek ratification of the remuneration of the Cost Auditors, M/s. G. R. Paliwal & Company, for the Financial Year 2026-27, amounting to ₹2,40,000 plus applicable taxes and reimbursement of expenses.
The Register of Members and Share Transfer Books will remain closed from September 12, 2026, to September 25, 2026, inclusive, for the purpose of the AGM. The company has also provided detailed instructions for remote e-voting, which will commence on September 21, 2026, and conclude on September 24, 2026.
A plain-language summary of a public exchange filing by Sunflag Iron And Steel Company Limited. Read the original for the full detail.