NMDC Steel schedules 11th AGM for September 28 via video conferencing

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • NMDC Steel Limited schedules its 11th AGM for September 28, 2026
  • The meeting will be held via video conferencing without physical presence
  • Remote e-voting opens on September 24 and closes on September 27
  • Shareholders on record as of September 21, 2026, are eligible to vote
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NMDC Steel Limited has scheduled its 11th Annual General Meeting for September 28, 2026. The event will be conducted through video conferencing or other audio-visual means, without physical presence of members at a common venue.

The company issued the notice on September 6, 2026, in compliance with Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows an earlier intimation dated August 24, 2026, regarding the meeting date.

Meeting and Voting Details

The Annual Report for FY26, along with the notice for the 11th AGM, has been sent electronically to all members who have registered their email addresses with the company, depositories, or the Registrar and Transfer Agent (RTA). The report includes financial statements, the auditors' report, the board's report, and the business responsibility and sustainability report.

Shareholders holding shares in physical or dematerialized form as on the cut-off date of September 21, 2026, are eligible to vote. Remote e-voting will be available from 9:00 am on September 24, 2026, until 5:00 pm on September 27, 2026. Voting rights are proportional to the paid-up equity share capital held as on the cut-off date.

Key Dates

Event Date Time
E-voting begins September 24, 2026 9:00 am
E-voting ends September 27, 2026 5:00 pm
Cut-off date for voting rights September 21, 2026 -
11th AGM September 28, 2026 3:30 pm

Details on casting votes electronically and attending the AGM via VC/OAVM are provided in the notes to the notice of the 11th AGM. The annual report is also hosted on the company's website.

Historical Stock Returns for NMDC Steel

1 Day5 Days1 Month6 Months1 Year5 Years
+1.37%+2.29%+6.11%+15.45%+7.02%0.0%

How might the FY26 financial results and sustainability report presented at the AGM influence NMDC Steel's valuation and investor sentiment in the upcoming quarter?

What strategic initiatives or capital expenditure plans are likely to be highlighted in the Board's Report, and how could they impact the company's long-term growth trajectory?

Will the shift to a fully virtual AGM format affect shareholder engagement levels or voting participation rates compared to previous hybrid or physical meetings?

NMDC Steel director Ashish Chatterjee steps down from board

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Ashish Chatterjee ceases to be Government Director at NMDC Steel w.e.f. August 24, 2026
  • The move follows his relief as Additional Secretary & Financial Adviser in the Ministry of Steel
  • Ministry of Steel issued Order No - S-14011/1/2022-BLA on August 27, 2026
  • The board now consists of six functional directors and one government nominee
  • Abhijit Narendra remains the sole Government Nominee Director
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NMDC Steel has announced the cessation of Shri Ashish Chatterjee’s tenure as Government Director on its Board. The change takes effect from the forenoon of August 24, 2026.

The Ministry of Steel, Government of India, communicated the decision vide Order No - S-14011/1/2022-BLA dated August 27, 2026. The order states that Chatterjee ceased to be a director consequent upon his relieving as Additional Secretary & Financial Adviser.

The company filed this update with stock exchanges under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. Paraj Kanti Saha, Company Secretary, signed the disclosure.

Updated Board Composition

NMDC Steel provided an updated list of directors following the departure. The board currently comprises six functional directors and one government nominee director.

Functional Directors

  • Amitava Mukherjee: Chairman & Managing Director
  • Vinay Kumar: Director (Technical)
  • Joydeep Dasgupta: Director (Production)
  • Krishna Kumar Thakur: Director (Personnel)
  • Anurag Kapil: Director (Finance)
  • Vivek Nishant Nath: Director (Commercial)

Government Nominee Director

  • Abhijit Narendra: Joint Secretary, Ministry of Steel, Government of India

Historical Stock Returns for NMDC Steel

1 Day5 Days1 Month6 Months1 Year5 Years
+1.37%+2.29%+6.11%+15.45%+7.02%0.0%

Will NMDC Steel appoint a new Government Director immediately to replace Shri Ashish Chatterjee, or will the vacancy remain open temporarily?

How might the departure of the Additional Secretary & Financial Adviser impact NMDC Steel's ongoing capital expenditure plans or financial strategy?

Does this leadership change signal a broader restructuring of government nominees in public sector undertakings under the Ministry of Steel?

More News on NMDC Steel

1 Year Returns:+7.02%