National Aluminium Company Ltd ( nalco ) has shared its presentation for the analyst and institutional investor meet scheduled for September 16, 2026. The company disclosed the document on September 14, 2026, confirming no unpublished price sensitive information will be discussed.

The Chairman-cum-Managing Director and Director (Finance) of NALCO will physically attend the meeting hosted by Antique Stock Broking at the Salon Pompador, Sofitel Mumbai BKC. Registration begins at 9:30 am, with the session running from 10:00 am to 12:00 pm.

Meeting Details

Financial Performance Highlights

The presentation underscores a record-breaking FY26 and a strong start to FY27. In FY26, NALCO achieved revenue of ₹17,843 crore, marking a 6% YoY growth. Profit After Tax (PAT) rose 9% YoY to ₹5,816 crore, while EBITDA expanded 9% to ₹8,613 crore. Dividend paid increased 10% YoY to ₹2,020 crore.

Q1FY27 results show continued momentum:

Operational Achievements

NALCO reported highest-ever physical performance in FY26. Bauxite excavation reached 77.01 lakh tonnes, surpassing the previous best of 76.48 lakh tonnes in FY25. Alumina hydrate production hit 23.00 lakh tonnes, and cast metal production stood at 4.72 lakh tonnes. Coal production also saw a significant jump to 40 lakh tonnes from 28.2 lakh tonnes in FY25.

Sales figures for FY26 included total alumina sales of 14.46 lakh tonnes and aluminium metal sales of 4.74 lakh tonnes. Capital expenditure for FY26 was ₹2,068 crore, reflecting a 48% YoY increase.

Future Outlook and Expansion

The presentation outlines several expansion initiatives:

• Pottangi Bauxite Mine: MDO engaged in December 2025 to operationalise the mine with a capacity of 3.5 MTPA.
• Alumina Refinery, Damanjodi: Pre-commissioning for the 5th stream (1 MTPA capacity) started in June 2026.
• Aluminium Smelter, Angul: Brownfield expansion of 0.5 MTPA is under progress with a technology agreement signed with EGA.
• Captive Power Plant, Angul: Pre-project activities are underway for a 1,080 MW plant (4x270 MW) to support the new smelter.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued by Bharat Kumar Sahu, Company Secretary and Compliance Officer.

National Aluminium Company Ltd shareholders approved a total dividend of ₹11.50 per equity share for FY26 during its 45th Annual General Meeting held on August 31, 2026. The payout includes a final dividend of Re.1 per share, adding to three interim dividends totaling ₹10.50 already paid. The resolution passed with 99.58% support from members voting electronically.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means (OAVM), also addressed board composition and auditor appointments. Shareholders ratified the appointment of Shri Neeraj as Part-time Non-official (Independent) Director for a three-year term starting August 14, 2026. This special resolution secured 92.82% approval. Additionally, the board confirmed the re-appointment of Shri Jagdish Arora as Director (Projects & Technical) and appointed Shri Anil Kumar Singh as Director (Commercial) and Dr. Veena Kumari Dermal as Part-time Official Director.

Board and Governance Updates

The AGM resolutions reflected significant changes in the company’s governance structure. Alongside the independent director appointment, shareholders approved the remuneration for Cost Auditors for FY27. M/s. Tanmaya S. Pradhan & Co. was retained as Lead Cost Auditor with a fee of ₹3.50 lakhs plus GST, while M/s. S. Dhal & Co. was appointed as Other Cost Auditor with a fee of ₹3.00 lakhs plus GST. Both resolutions saw overwhelming support, with over 99% of votes cast in favor.

Voting Details

Electronic voting was conducted through Bigshare Services Private Limited, with M/s. Saroj Ray & Associates acting as Scrutinizer. The cut-off date for determining eligible voters was August 24, 2026. Remote e-voting took place between August 28 and August 30, 2026. A total of 1,359 members participated in the dividend resolution vote, with only 0.42% voting against. For the appointment of Shri Neeraj, 1,363 members voted, with 7.18% opposing the motion.

What the Numbers Show

The high level of dissent in certain director appointments warrants attention. While the dividend and auditor resolutions passed with near-unanimous support, the re-appointment of Shri Jagdish Arora faced 22.46% opposition, and Dr. Veena Kumari Dermal’s appointment saw 24.32% negative votes. This divergence suggests specific shareholder concerns regarding these particular board positions, contrasting sharply with the broad consensus on financial distributions and audit oversight.