Notice of 54th Annual General Meeting to be held through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) along with the Annual Report of the Company for the Financial Year (FY) 2025-26.

*asrul No.CA- 7(44)/2026-27 1't September, 2026 The General Manager (MO) The Asstt. Vice President Bombay Stock Exchange National Stock Exchange of India Ltd. Through BSE Listing Centre Through NEAPS Sub: Notice of 54th Annual General Nleetins to be held throush Video Conferencins (VC)/ Other Audio Visual Means (OAVM) alons with the Annual Report ofthe Company for the Financial Year (FY) 2025-26. Dear Sir. In continuation to our earlier cornmunication dated 2l't August, 2026, it is hereby informed that the 54tr'Annual General Meeting (AGM) of the Members of Steel Authority of India Limited (SAIL) will be held on 24tr' September,2026 at 10:30 AM through Video Conf-erencing (VC) / Other Audio Visual Means (OAVM). Pursuant to applicable Circulars issued by Ministry of Corporate Affairs, the Notice of the AGM and Annual Report of the Cornpany for FY ended 3 l'1 March. 2026 containing Audited Financial Statements (including Consolidated F'inancial Staternents) and the Report of the Auditors' and Board thereon, and other reports required to be attached thereto, have been sent through electronic mode on 1" September, 2026. Pursuant to Regulation 34 of SEBI (LODR), 2015, a copy of the Annual Report of the Company for the FY 2025-26, along with the Notice of the Annual General Meeting is enclosed for your reference and record. The same is also available on the website of the Cornpany- www.sail.co.in. Notice of the AGM is available at website of M/s. NSDL: www.evoting.nsdl.com It is further infomed that pursuant to Regulation aa( ) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5 and Section 108 of the Cornpanies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules 2014, as amended, the Company is providing remote e-voting facility prior to AGM and e-voting during the AGM, through electronic means to its Mernbers to enable them to cast their vote on the items mentioned in the Notice of the AGM. The Company has engaged the services of 'National Securities Depository Limited (NSDL)" as an Authorised Agency to provide remote e-voting facility and e-voting facility during AGM to its Members. ' The Board of Directors of the Company has appointed Shri Sachin Agarwal, a Company Secretary in Practice of the Company Secretary Firm-M/s. Agarwal S. & Associates as Scrutinizer to scrutinize the remote e-voting and e- voting at the AGM in a fair and transparent manner. The Results of e-voting shall bc declared within two working days of the conclusion of the AGM of the *d srrnftA sfF ftSffi&. gsro q-qc, dS sls, T$ fti-d r ro oo3, ({qr{ : 011-24367481-86, Sffi : 011-2436701s, i<w{z: www.sait.co.in Steel Authority of lndia Limited, lspat Bhawan, Lodhi Road, New Delhi-110 003, Phone I 017-243674A7-A6, Fax : 24367015, Website : www.sail.co.in SAll- PAN No. AAACSTO62F SAllcorporate ldentity Number : 127109D11973GO1006454 FrDdd@*g+rgsrB'*a There's o little bit of SAIL in everybody's life The cut-off Date for determining the eligibility of member to vote through Remote e-voting/ e-voting at the AGM has been fixed as l7'h September,2026- (end of business hoursl. Only members whose name is recorded in the Register Members or in the Register of Beneficial Owners maintained by the Depositories as on the Cut-off Date, shall bc entitled to avail the facility of rernote e-voting or e-voting at the AGM. 'fhe remote e-voting period would commence on 20"' Septeml.r, 2026 (g.00 A.M. (lST) and end on 23'd September,2026 (5'00 P'M' (ts-D) and during this period the Members of the company as on the cut-off Date may cast their vote by electronic means' Im t Event AGM 24 S tember. 2026 at l0:30 AM Cut-off date t7 Se tember. 2026 end of business hours Remote E-voting Starting 201 Septembcr. 2026 (9.00 A.M. (lST) period and ending on 23'r September- 2025 (5.00 P.M. IST) Thanking you, Yours faithfully, (M.8. Balftrishnan) Executive Director (F&A) & Company Secretary Encl: As above There’s a little bit of SAIL in everybody’s life ANNUAL REPORT 2025-26 VISION CREDO WE BUILD LASTING RELATIONSHIPS WITH CUSTOMERS BASED ON TRUST AND MUTUAL BENEFIT. TO BE A RESPECTED WORLD-CLASS WE UPHOLD HIGHEST ETHICAL CORPORATION AND STANDARDS IN CONDUCT OF OUR THE LEADER IN INDIAN BUSINESS. STEEL BUSINESS IN WE CREATE AND NURTURE A CULTURE QUALITY, PRODUCTIVITY, THAT SUPPORTS FLEXIBILITY, EARNING PROFITABILITY AND AND IS PROACTIVE TO CHANGE. CUSTOMER SATISFACTION . WE CHART A CHALLENGING CAREER FOR EMPLOYEES WITH OPPORTUNITIES FOR ADVANCEMENT AND REWARDS. WE VALUE THE OPPORTUNITY AND RESPONSIBILITY TO MAKE A MEANINGFUL DIFFERENCE IN PEOPLE’S LIVES. There’s a little bit of SAIL in everybody’s life ANNUAL REPORT 2025-26 Letter To Shareholders 2 Performance Highlights 5 Board of Directors 8 Ten Years At A Glance 11 Value Added Statement 15 Share Holding Pattern 16 Board’s Report 17 Management Discussion And Analysis Report 50 Standalone Financial Statements (SFS) 70 Comments of C&AG on SFS 159 Independent Auditors’ Report on SFS 161 Secretarial Audit Report 188 Corporate Governance Report 192 Certificate on Corporate Governance 210 Business Responsibility & Sustainability Report 212 Consolidated Financial Statements (CFS) 267 Comments of C&AG on CFS 372 Independent Auditors’ Report on CFS 376 Statement Containing Salient Features of the Financial Statement of Subsidiaries (Form AOC-1) Particulars of Loans, Guarantees or Investments Under Section 186 392 Particulars of Energy Conservation, Technology Absorption And Foreign Exchange Earnings & Outgo Annual Report on Corporate Social Responsibility Activities 400 Principal Executives 402 Notice 404 There’s a little bit of SAIL in everybody’s life There’s a little bit of SAIL in everybody’s life ANNUAL REPORT 2025-26 Letter to Shareholders... Dear Shareholders, regional markets adapted to new economic realities. Strategic protectionist measures in major economies, including refined I am deeply honoured and privileged to have the opportunity tariff structures and environmental trade mechanisms like to address you and present the 54th Annual Report of Steel the European Union’s Carbon Border Adjustment Mechanism Authority of India Limited (SAIL) for the Financial Year 2025– (CBAM) continued to reshape global trade flows and elevate 26. On behalf of the Board of Directors and the entire SAIL the importance of low-carbon manufacturing. family, I extend my warmest greetings to each one of you & sincerely hope that you, your families, and your loved ones Amidst this international backdrop, India maintained its are enjoying good health, peace, and high spirits. position as a primary engine of global economic growth and one of the world’s fastest-growing steel market. The Financial Year gone by was defined by dynamic The domestic economic environment remained robust, geopolitical developments, evolving global trade paradigms, supported by strong macroeconomic fundamentals, healthy and shifting macroeconomic realities. Across major domestic consumption, and prudent policy frameworks. industrial economies, corporate entities were called upon The Government of India’s continued emphasis on nation- to demonstrate high levels of resilience, strategic foresight, building served as a primary demand driver for the steel and operational flexibility. I am proud to share that your sector. Public infrastructure investments were further Company navigated these complex global conditions bolstered by the Union Budget’s capital expenditure with characteristic fortitude, operational agility, and an allocation, which accelerated major national projects across unwavering dedication to national progress. By maintaining high-speed transport networks, freight corridors, urban a sharp focus on structural strengths, operational discipline, transit systems, and maritime infrastructure. cost optimization, and forward-looking technological investments, SAIL has fortified its market position and has Furthermore, strong automotive demand, expa [Showing first 8,000 characters — download PDF for full document]