NLC India Limited has modified the record date for its interim dividend for the financial year 2025-26 due to a trading holiday declared by stock exchanges. The Navratna Government of India enterprise communicated this change to both the National Stock Exchange of India Ltd. and BSE Ltd. on January 13, 2026.

Record Date Modification Details

The company has rescheduled the record date from January 15, 2026, to Tuesday, January 20, 2026. This modification was necessitated by the trading holiday declared by both major stock exchanges on the originally scheduled date.

Regulatory Compliance

The modification was communicated under Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation governs the procedure for determining record dates for corporate actions including dividend payments.

The company's communication was addressed to both stock exchanges where NLC India shares are listed:

• NSE: Trading under scrip symbol NLCINDIA
• BSE: Trading under scrip code 513683

Dividend Payment Timeline

NLC India has assured shareholders that the interim dividend will be paid to eligible members as per statutory timelines. The record date determines which shareholders are entitled to receive the dividend payment, with only those holding shares on the record date being eligible for the distribution.

Company Information

NLC India Limited operates as a Navratna Government of India enterprise with its registered office in Chennai and corporate office in Neyveli, Tamil Nadu. The company secretary and compliance officer, Sushanta Kumar Panda, signed the official communication to the stock exchanges regarding this modification.

NLC India shares gained significant momentum, jumping 3% to reach a high of ₹263.05 compared to the previous day's closing price of ₹255.85. The surge followed the company's announcement of board approval for listing its renewable energy subsidiary. With a market capitalization of ₹35,262.00 crores, the stock is currently trading at a PE ratio of 13.40, significantly below the industry average of 26.50.

Board Approves Subsidiary Listing Strategy

The board's in-principle approval for listing NLC India Renewables Limited (NIRL) represents a strategic move aligned with the Government of India's National Monetisation Pipeline. The planned public offering will involve diluting up to 25% of NIRL's equity while ensuring NLC India retains majority control of its renewable energy operations.

This listing strategy creates an independent fundraising avenue for NIRL without overleveraging the parent company's balance sheet, while unlocking value from the renewable energy business segment.

Capital Infusion and Dividend Declaration

The board authorized a substantial equity infusion of up to ₹66.60 crores into NIRL at face value to support ongoing renewable projects through joint ventures. This investment ensures adequate funding for projects in execution ahead of the potential listing, reducing acquisition and valuation risks while preparing the subsidiary for enhanced scalability and market transparency.

Simultaneously, the company declared an interim dividend of ₹3.60 per share, representing a 36% payout ratio that provides immediate returns to shareholders while pursuing long-term growth in the green energy portfolio.

Financial Performance Overview

The company's Q2 FY26 financial results showed mixed performance with revenue growth offset by declining profitability.

Ambitious Expansion Plans Through 2030

NLC India has outlined aggressive growth targets across multiple business segments from 2025 to 2030, with particularly strong emphasis on renewable energy expansion.

Mining Capacity Enhancement

Power Generation Expansion

The most significant growth is planned in renewable energy, with solar power leading the expansion drive.

Strategic Positioning in Clean Energy Transition

The subsidiary listing decision enhances NLC India's position as a public sector undertaking increasingly focused on clean energy sources. This dual approach balances immediate shareholder returns through dividend payments while establishing a foundation for independent exploitation of the green energy portfolio. The move is expected to improve capital efficiency, increase transparency in the renewable energy segment, and provide better market discovery for the clean energy assets.