NLC India 70th AGM 2026: Date, Dividend, e-Voting & RE Assets Transfer

New Delhi: NLC India Limited (NSE: NLCINDIA | BSE: 513683), a Navratna Central Public Sector Enterprise under the Ministry of Coal, has issued the formal notice for its 70th Annual General Meeting.

The AGM will be held on Tuesday, 29 September 2026 at 15:00 hours IST exclusively through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Key Dates at a Glance

• Record / Cut-off Date: Tuesday, 22 September 2026

• Book Closure: 23 September to 29 September 2026 (both days inclusive)

• Remote e-voting: 25 September 2026 (09:00 IST) to 28 September 2026 (17:00 IST)

Shareholders whose names appear in the Register of Members or as Beneficial Owners as on the record date will be entitled to vote and receive the final dividend (if declared).

Dividend for FY 2025-26

The Board has recommended a total dividend of ₹3.85 per equity share (38.5%):

• Interim dividend already paid: ₹3.60 per share (36%)

• Final dividend proposed: ₹0.25 per share (2.5%)

If approved by shareholders, the final dividend will be paid within 30 days of the AGM.

Agenda Highlights

Ordinary Business

1. Adoption of Standalone and Consolidated Audited Financial Statements for the year ended 31 March 2026, together with the reports of the Board of Directors, Statutory Auditors and comments of the CAG.

2. Confirmation of interim dividend and declaration of final dividend.

3. Re-appointment of Dr. Prasanna Kumar Acharya (DIN: 09625170), who retires by rotation.

4. Re-appointment of Dr. Suresh Chandra Suman (DIN: 09549424), who retires by rotation.

Special Business 5. Appointment of Shri Rajesh Pratap Singh Sisodia (DIN: 10224070) as Director (Projects and Planning). 6. Appointment of Shri Anil Meshram (DIN: 06632929) as Government Nominee Director. 7. Appointment of Shri Gopal Singh (DIN: 11815925) as Government Nominee Director. 8. Appointment of Shri Poonam Chandrakar (DIN: 11748295) as Independent Director for a term of three years (Special Resolution). 9. Approval for sale/transfer of 2,138.96 MW Renewable Energy Assets to wholly owned subsidiary NLC India Renewables Limited (Special Resolution). 10. Ratification of remuneration of Cost Auditors for FY 2026-27.

Strategic Move: Transfer of Renewable Energy Assets

NLC India proposes to transfer 2,138.96 MW of renewable energy assets (1,783.96 MW operational + 355 MW under construction) to its wholly owned subsidiary, NLC India Renewables Limited (NIRL), under a Business Transfer Agreement.

Consideration:

• ₹2,419.24 crore (lump sum) for 1,430 MW

• Estimated ₹1,020.36 crore for 708.96 MW (subject to auditor certification)

The transfer is structured as a slump sale and includes all related contracts, plant & equipment, permits and liabilities. The move is aimed at creating a focused renewable energy platform that can independently raise capital, participate in tenders and pursue growth opportunities. NIRL is also preparing for an IPO, after which NLC India’s stake will fall below 100%, triggering the requirement for shareholder approval under Regulation 37A of SEBI LODR.

How Shareholders Can Participate

• The AGM will be conducted only through VC/OAVM. Physical attendance and proxies are not allowed.

• Remote e-voting and e-voting during the AGM will be facilitated by NSDL.

• Members can join the meeting 15 minutes before the scheduled start time.

• Those wishing to speak must register as speakers by 26 September 2026 (17:00 IST) by emailing investors@nlcindia.in.

The full Notice of the 70th AGM along with the Integrated Annual Report is available on the company’s website (www.nlcindia.in) and on the websites of BSE and NSE.

This AGM brings together routine governance matters and a clear strategic step to unlock value in NLC India’s renewable portfolio while the company continues to focus on its core operations.