NLC India Limited's Board of Directors held a comprehensive meeting on January 12, 2026, addressing key strategic initiatives including subsidiary listing, dividend distribution, and renewable energy investments. The meeting, which commenced at 15:00 hours and concluded at 16:20 hours, resulted in several significant corporate decisions that align with the company's growth strategy and government monetisation objectives.

Subsidiary Listing Approval

The board granted in-principle approval for the listing of NLC India Renewables Limited (NIRL), the company's wholly owned subsidiary. This strategic move aligns with the National Monetisation Pipeline targets established by the Government of India. The listing process will involve diluting the equity stake by up to 25% through one or more tranches via a Public Offer, subject to obtaining requisite approvals from competent authorities.

The approval will be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM) for final approval.

Interim Dividend Declaration

The board declared an interim dividend of 36% for the Financial Year 2025-26, translating to ₹3.60 per equity share on the face value of ₹10.00 each. The company has established January 16, 2026, as the record date for determining eligible shareholders for the interim dividend payment.

Green Energy Investment Approval

The board approved an investment of up to ₹66.60 crore in NIRL through equity share subscription at face value. This investment will be executed in one or more tranches, subject to necessary statutory approvals, and is specifically designated for funding green energy projects to be implemented through joint venture companies.

Investment Structure Details

The investment represents a related party transaction as NIRL is a wholly owned subsidiary of NLC India Limited. The subscription will occur at face value, maintaining 100% shareholding control. The funds will support green energy projects currently under implementation, with NIRL focusing exclusively on renewable energy initiatives.

Regulatory Compliance

The board meeting outcomes comply with Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All decisions require appropriate regulatory approvals and will follow statutory timelines for implementation. The company has provided comprehensive disclosure details in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

These strategic decisions demonstrate NLC India's commitment to expanding its renewable energy portfolio while providing returns to shareholders through dividend distribution and participating in the government's asset monetisation program.

NLC India Limited's Board of Directors has approved significant financial decisions including an interim dividend declaration and strategic investments in renewable energy projects during their meeting held on January 12, 2026.

Interim Dividend Declaration

The board declared an interim dividend of 36% for the Financial Year 2025-26, translating to ₹3.60 per equity share on the face value of ₹10.00 each. The company has fixed January 16, 2026, as the record date for determining eligible shareholders for the interim dividend payment.

Investment in Renewable Energy Subsidiary

The board granted in-principle approval to invest up to ₹66.60 crore in NLC India Renewables Limited (NIRL), the company's wholly owned subsidiary. This investment will be made through subscription to equity shares at face value in one or more tranches, subject to necessary statutory approvals.

Strategic Listing Approval

The board also approved in-principle the listing of NIRL in line with the National Monetisation Pipeline targets of the Government of India. The listing would involve dilution of equity stake up to 25% in one or more tranches through a Public Offer, subject to obtaining requisite approvals from competent authorities.

The approval will be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM) for final approval. This move aligns with the government's strategic disinvestment and monetisation objectives.

Meeting Details and Compliance

The board meeting commenced at 15:00 hours and concluded at 16:20 hours on January 12, 2026. All decisions were made in compliance with Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that the interim dividend will be paid to eligible shareholders as per statutory timelines, and all necessary regulatory disclosures have been made to both NSE and BSE where the company's shares are listed under the symbol NLCINDIA and scrip code 513683 respectively.