NMDC Steel Limited has scheduled its 11th Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will commence at 3:30 pm Indian Standard Time.

The event will be conducted through video conferencing or other audio-visual means (OAVM). There will be no physical presence of members at a common venue.

Regulatory Compliance

The company stated the arrangement complies with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. It also adheres to applicable circulars from the Ministry of Corporate Affairs and SEBI.

The notice for the AGM will be sent in due course to transact the businesses set out therein. The communication was issued under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Key Details

Paraj Kanti Saha, Company Secretary of NMDC Steel Limited, signed the notification dated August 24, 2026.

NMDC Steel reported a substantial increase in standalone net profit for the first quarter, rising to ₹552 million from ₹256 million in the corresponding period of the previous fiscal year. This represents a year-on-year growth of approximately 116% in bottom-line earnings.

The company’s topline also expanded, with revenue reaching ₹36.6 billion compared to ₹33.65 billion in Q1 of the prior year. Despite the revenue growth, operating profitability faced headwinds as EBITDA declined slightly to ₹3.99 billion from ₹4.07 billion year-on-year.

Financial Performance Overview

What the Numbers Show

A clear divergence emerged between operational efficiency and final profitability. While EBITDA margin contracted by 122 basis points to 10.89%, indicating pressure on operating margins relative to revenue growth, the net profit more than doubled. This suggests that factors outside core operations—such as other income or tax benefits—contributed significantly to the bottom-line surge, as the operating profit did not scale in line with the net profit growth.