Sunflag Iron And Steel Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
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Sunflag Iron & Steel held its 39th AGM on September 26, 2025, via video conferencing, with 57 members present. The Chairman shared FY25 performance: total revenue stood at Rs. 3,552 Cr vs Rs. 3,470 Cr in the previous year, while Profit After Tax rose to Rs. 162 Cr from Rs. 141 Cr. Operating income grew 3.52% to Rs. 3,535.55 Cr, and Net Worth jumped 15.53% to Rs. 8,412.03 Cr. A final dividend of 7.5% (Rs. 0.75 per share) was recommended on equity shares of Rs. 10 face value. The Super Alloy Steel facility has secured approvals from VSSC, LPSC, HAL, Brahmos, and DRDO, opening doors in defence, space, and nuclear sectors. The company also entered a new joint venture with Sunsure Solar for 11 MW renewable power, adding to existing 71.34 MW from Renew Green. All ten resolutions, including appointment of Lodha & Co as new statutory auditors, re-appointment of Managing Director Pranav Bhardwaj for 5 years, and second terms for three independent directors, were put to e-voting.
Positive for shareholders — the meeting confirmed solid FY25 earnings growth, a steady dividend payout, and strategic expansion into high-value defence and renewable energy segments. New auditor and director appointments signal continued governance refresh, while voting results are awaited.