Steel City Securities Approves Final Dividend and Independent Director Appointment

Steel City Securities Approves Final Dividend and Independent Director Appointment​

Steel City Securities Limited reported several significant corporate actions following the outcome of its Board of Directors meeting held on May 25, 2026. The board meeting focused on approving key financial recommendations, major appointments, and setting parameters for the upcoming Annual General Meeting (AGM).

The company fixed the date of the 32nd Annual General Meeting for Wednesday, June 24, 2026.

Key Board Decisions and Dividend Recommendations​

During the meeting, the board considered and approved the appointment of Sri. Nunna Satya Kumar (DIN: 11697244) as an Independent Director. This appointment is set for a period of five years.

In financial terms, the board recommended a Final Dividend of 10% (Re. 1.00/-) on every Equity Share with a Face Value of Rs. 10/- for the Financial Year 2025-26.

To determine the eligible shareholder list for the dividend and for voting at the AGM, the company fixed the book closure period from June 17, 2026, to June 23, 2026.

The board also approved and authorized Sri. Satish Kumar Arya, Managing Director & CEO, and Sri. K. Satyanarayana, Executive Chairman, to obtain registration of the company in the E-Governance Repository (EGR) Segment of NSE and to register the company as a Market Maker across its memberships.

Matters to be Considered at the Annual General Meeting​

The notice for the 32nd Annual General Meeting outlined several matters for the shareholders to consider and pass resolutions on.

Financial Review and Dividend Confirmation:
Shareholders are asked to consider and adopt the Audited Financial Statements (both Standalone and Consolidated) for the Financial Year ended March 31, 2026. The meeting is also set to confirm previous interim dividends and declare the final dividend.


Director Appointments and Auditing:
The AGM agenda includes the re-appointment of Smt. G. V. Vandana (DIN: 07548398) as a Director of the company. Additionally, the members are requested to ratify the change in the constitution of the Statutory Auditors from M/s. Rao & Kumar, Chartered Accountants, to M/s. Rao & Kumar LLP, Chartered Accountants, for the Financial Year 2026-27.

The special business item also covers the proposal for the appointment of Sri. Nunna Satya Kumar (DIN: 11697244) as an Independent Non-Executive Director for a period of five years.

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Independent Director Appointment Details​

Sri. Nunna Satya Kumar was recommended for the Independent Non-Executive Director role, citing his vast experience in trading operations and capital market activities. He possesses a Master of Commerce (M.Com.) degree and has pursued Chartered Accountancy (Final). His professional experience spans more than three decades, and he was previously a Director (Trading) of the Company until November 5, 1996.

The company confirms that None of the Directors and Key Managerial Personnel are concerned or interested in any manner in passing the resolution pertaining to the appointment of Sri. Nunna Satya Kumar.

STEELCITY Stock Price Movement​

Shares of Steel City Securities Limited are edging higher to ₹78.65 as of 1:53 PM today, rallying by 0.59% in live trading. The stock traded 4,058 shares today, capturing an absolute gain of ₹0.46.