NCC Limited shareholders will vote on the reappointment of promoter A V N Raju as Whole-time Director for five years and approve a significant remuneration revision for Smt. Kausalya Bhupathi Raju, Director (Commercial), at the 36th Annual General Meeting scheduled for August 27, 2026. The governance updates accompany the company’s FY 2025-26 integrated annual report, which recorded a consolidated order book growth of 16% to ₹83,004 crore despite a 6% decline in revenue.

The Board of Directors, meeting on May 15, 2026, recommended these resolutions under the Companies Act, 2013 and SEBI Listing Regulations. A V N Raju, who heads the Electrical & Irrigation Division, will continue his role with effect from May 30, 2026, overseeing strategic projects including BharatNet and smart meter installations. His remuneration structure allows for a basic salary between ₹4.00 lakhs and ₹10.00 lakhs per month, plus perquisites up to 75% of salary and commission up to 0.5% of net profits.

Key Governance Resolutions

Shareholders are also asked to ratify the appointment and pay hike of Smt. Kausalya Bhupathi Raju, who is related to the promoter directors as their sister. Her basic salary will increase from ₹1.06 lakhs to ₹4.00 lakhs per month, effective September 1, 2026, with potential revisions up to ₹10.00 lakhs per month based on performance. The Board deemed this an arm’s length transaction but sought shareholder approval for transparency.

Sri A G K Raju and Sri Utpal H Sheth retire by rotation and offer themselves for reappointment. Sri Utpal H Sheth, a non-executive non-independent director, brings expertise in financial investments and capital markets.

FY26 Financial Context

The governance changes occur against a backdrop of moderated financial performance in FY 2025-26. Consolidated revenue fell 6% to ₹20,823.00 crore from ₹22,199.36 crore in the prior year, driven by delayed realizations and project execution phasing. However, the company improved its consolidated EBITDA margin by 18 basis points to 8.82%, reflecting cost discipline.

The order book composition remains diversified, with Buildings contributing 27%, Transportation 20%, Mining 17%, and Electrical 17%. The construction segment accounted for ₹17,463 crore (78%) of total revenue, while Coal Mining contributed ₹2,710 crore (13%).

Dividend and Shareholder Details

The Board recommended a dividend of ₹2.20 per equity share (110% on face value), totaling ₹138.13 crore, consistent with the previous year. The record date for dividend payment is August 14, 2026. Shareholders must ensure their bank details are KYC-compliant for electronic dividend credits, as physical warrants have been discontinued since November 19, 2025.

Remote e-voting for the AGM commences on August 24, 2026, at 9.00 AM and closes on August 26, 2026, at 5.00 PM. The cut-off date for voting eligibility is August 20, 2026. The meeting will be conducted via Video Conferencing or Other Audio Visual Means, with no physical attendance permitted.

NCC Limited has secured two orders worth ₹534.85 crore in June 2026 for its Transportation Division, bolstering its order book in the infrastructure segment.

Contract Award Details

The orders, received in the normal course of business, pertain exclusively to the Transportation Division. The following table summarizes the key details of the contract award:

Transaction Nature

The company confirmed that the orders do not include any internal orders. Furthermore, the promoters, promoter group, or group companies do not have any interest in the entities that awarded the projects, and these transactions do not fall under related party transactions.

About NCC Limited

NCC Limited is a prominent construction and infrastructure company operating across multiple segments in India, including buildings, transportation, water, electrical, and mining, among others. The company undertakes large-scale civil construction projects for both government and private sector clients across the country.