NLC India has announced an interim dividend of ₹3.60 per equity share for Financial Year 2025-26, according to an exchange filing released on Monday. The public sector company's board approved the dividend declaration, representing a 36% payout on the face value of paid-up equity shares.

Dividend Details and Timeline

The company's board has formally approved the "declaration of Interim Dividend of 36% (i.e. ₹3.60 per equity share) on the face value of paid-up equity shares of ₹10 each for the Financial Year 2025-26," as stated in the exchange filing.

Shareholder Eligibility and Important Dates

The record date to determine shareholder eligibility has been set as January 16, 2026. Under India's T+1 settlement cycle, investors must purchase shares before the ex-dividend date to qualify for the dividend payment. Due to the stock market closure on January 15, 2026, for Mumbai civic polls, the ex-dividend date has been moved to January 14, 2026.

The company has confirmed that payment will be made to eligible shareholders according to statutory timelines, though the specific payout date has not yet been announced. "It is further informed that the said interim dividend will be paid to eligible shareholders as per the statutory timelines," the filing stated.

Corporate Development

In additional corporate news, NLC India informed exchanges that its wholly owned subsidiary, NLC India Renewables Ltd., has received in-principle approval for listing. This development represents a significant milestone for the company's renewable energy expansion strategy.

Stock Performance

NLC India's stock closed 1.50% higher at ₹255.90 per share on the NSE on Monday, outperforming the broader market. The Nifty index advanced 0.42% during the same session. The stock reached an intraday high of 2.58% during trading and has gained 6.59% over the past 12 months, demonstrating steady performance in the public sector space.

NLC India has achieved a major milestone in its renewable energy expansion with the receipt of initial approval for listing its subsidiary, NLC India Renewables. This development represents a significant step forward in the company's strategic diversification into clean energy sectors.

Investment Plans for Renewables Division

The company has outlined substantial investment plans for its renewables subsidiary, with commitments reaching up to ₹666 million. This investment demonstrates NLC India's commitment to strengthening its position in the renewable energy market.

Shareholder Returns Through Interim Dividend

Alongside its growth initiatives, NLC India has announced an interim dividend declaration, ensuring shareholders benefit from the company's performance. The interim dividend has been set at ₹3.60 per share.

Strategic Business Development

The initial approval for the renewables subsidiary listing positions NLC India to potentially unlock value from its clean energy operations. This move aligns with the broader industry trend toward renewable energy investments and could provide the subsidiary with independent access to capital markets for future expansion.

The combination of strategic investments in renewables, subsidiary listing preparations, and dividend distribution reflects NLC India's balanced approach to growth and shareholder value creation. These developments indicate the company's focus on both expanding its renewable energy portfolio and maintaining returns to investors.