The Government of India, acting through the Ministry of Coal, will sell up to 3% of its stake in NLC India Limited via an Offer for Sale (OFS) on June 9 and June 10, 2026. The Seller has decided to exercise the oversubscription option, increasing the total offer size to 4,15,99,098 equity shares, representing 3.00% of the total paid-up equity share capital as on March 31, 2026. The floor price for the offer is set at ₹303 per share.

The offer comprises a base size of 2,77,32,732 equity shares (2.00%) and an additional 1,38,66,366 equity shares (1.00%) under the oversubscription option. Consequently, 41,59,911 equity shares, representing 10% of the total offer, will be available for the retail category on T+1 Day, subject to receipt of valid bids. The transaction will be conducted through a separate window on BSE Limited and National Stock Exchange of India Limited.

Offer Timeline and Bidding

Bidding for non-retail investors opened on June 9, 2026 (T Day). Retail investors and eligible employees may place their bids on June 10, 2026 (T+1 Day). Non-retail investors have the option to carry forward their un-allotted bids to the T+1 Day for allocation to the unsubscribed portion of the retail category. The offer includes specific reservation norms, with a minimum of 25% of the offer shares reserved for mutual funds and insurance companies.

Employee Reservation

Up to 25,000 equity shares may be offered to eligible employees of the Company. Eligible employees may apply for equity shares up to ₹500,000; however, bids will be considered for allocation initially for amounts up to ₹200,000 only. Allocation will be made on a price priority basis at multiple clearing prices, with retail investors having the option to bid at the cut-off price.

Key Offer Parameters

Settlement and Conditions

Settlement for bids received from the non-retail category on T Day will take place on T+1 Day. For bids received on T+1 Day from retail investors, employees, and non-retail investors carrying forward bids, settlement is scheduled for T+2 Day. Non-institutional investors are required to deposit 100% of the bid value upfront, whereas institutional investors have the option to place bids without upfront payment. The Seller reserves the right to withdraw the offer at any time prior to the opening of the offer on T Day.

NLC India Limited confirmed that its promoter, along with persons acting in concert, has not encumbered any shares of the company directly or indirectly during the financial year ended March 31, 2026. The disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Ltd. pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The confirmation was provided by the Government of India, Ministry of Coal, in a letter dated April 07, 2026. Pradeep Raj Nayan, Under Secretary to the Government of India, signed the communication on behalf of the promoter. The letter was addressed to the listing departments of both exchanges and copied to the Chairman and Managing Director of NLC India Limited.

The filing ensures compliance with regulatory requirements regarding the disclosure of share encumbrances by promoters. The company's scrip symbol is NLCINDIA on the NSE and 513683 on the BSE.