NMDC Limited has scheduled its 68th Annual General Meeting (AGM) for Monday, September 28, 2026. The event will take place at 11:30 am through video conferencing or other audio-visual means, in compliance with SEBI and MCA regulations.

The company has also fixed Monday, October 5, 2026, as the record date for determining shareholder eligibility for the final dividend for FY26. The proposed payout is ₹1 per equity share, subject to approval at the AGM.

Meeting Details

The AGM will be conducted without physical presence of members at a common venue. This format adheres to the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. The notice of the AGM and the Annual Report for 2025-26 will be dispatched electronically to members who have registered their email addresses with the company or depositories.

Dividend Eligibility

Shareholders holding equity shares on the record date will be entitled to receive the final dividend if approved by the members during the meeting. The company secretary, Aniket Kulshreshtha, confirmed the dates and procedural details in a communication dated August 24, 2026.

NMDC reported a consolidated net profit of ₹20B for the first quarter, up from ₹19.7B in the same period last year. Revenue for the quarter was logged at ₹67.95B, compared to ₹67B in the prior year.

The mining major’s EBITDA came in at ₹24.68B, slightly lower than the ₹24.8B recorded in the corresponding quarter of the previous fiscal. The EBITDA margin contracted to 36.33% from 37.37% YoY.

Financial Highlights

What the Numbers Show

Revenue growth outpaced EBITDA growth, leading to a compression in operating margins. While top-line revenue expanded by approximately 1.4%, EBITDA declined by roughly 0.5%, resulting in a margin contraction of 104 basis points. Despite the dip in operating profitability, net profit increased, suggesting that factors such as tax efficiency or other income may have supported the bottom line relative to the prior year period.