Steel Exchange India Ltd has announced that the members at the 7th Annual General Meeting (AGM) of the Company held on September 30, 2006, inter alia, have approved the payment of dividend at the rate of 10.25% on the paid up preference share capital of the Company for the financial year ended March 31, 2006 and payment of dividend at the rate of 10% on the paid up equity share capital of the Company for the financial year ended March 31, 2006.