NALCO 45th AGM 2026: FY26 dividend and voting data

What shareholders voted on at NALCO’s 45th AGM

National Aluminium Company Limited (NALCO) concluded its 45th Annual General Meeting (AGM) on August 31, 2026, with shareholders approving the adoption of audited financial statements for FY26 and the declaration of a final dividend. The AGM was conducted through video conferencing, reflecting the company’s use of VC/OAVM for shareholder participation. The meeting was chaired by Chairman-cum-Managing Director (CMD) Brijendra Pratap Singh. According to the company’s disclosure on the exchange, all ordinary and special business items placed before shareholders were passed with the requisite majority. The proceedings also covered governance approvals, including director appointments and re-appointments. NALCO is a Navaratna Central Public Sector Enterprise under the Ministry of Mines.

AGM proceedings: timing, participation, and compliance

The virtual AGM commenced at 11:00 am on August 31, 2026, and concluded at 12:50 pm. The company stated that quorum was present throughout the proceedings. It also confirmed that statutory registers and documents were made accessible to members through the company’s website, in line with regulatory requirements. Along with the CMD, the company’s functional directors, an independent director, the Chief Vigilance Officer (CVO), senior officials from the Ministry of Mines, and the company secretary were noted as being present.

Ordinary business: financial statements and dividend approval

Two key ordinary business resolutions highlighted in the disclosure were the adoption of audited financial statements for FY26 and the declaration of the final dividend for FY26. Shareholders approved both items. The AGM agenda also included confirming interim dividends paid earlier during the year.

NALCO’s interim dividend during FY 2025-26 was ₹10.50 per equity share, paid in three tranches, with a total outgo of ₹1,928.46 crore. In addition, shareholders approved a final dividend of ₹1.00 per equity share, with an outgo of ₹183.66 crore.

Final dividend: amount, outgo, and key dates

The company stated that the final dividend of ₹1.00 per share was declared on July 31, 2026. It also disclosed the ex-date and record date as August 24, 2026. The AGM approval completes the shareholder authorisation process for the final dividend that had been recommended and declared earlier.

Board and governance items approved

Beyond the financial and dividend resolutions, shareholders approved several board-related items. The company disclosed approval for the re-appointment of Jagdish Arora as Director. It also disclosed approval for the appointment of Anil Kumar Singh as Director (Commercial). Among special business items, the appointment of Neeraj as an independent director was also approved.

The company’s AGM addendum, published ahead of the meeting, included a special resolution to appoint Shri Neeraj as an independent director for three years. It also disclosed that Neeraj was initially appointed as an additional director on August 14, 2026, subject to shareholder approval.

Resolution-wise voting: where margins were wider

NALCO disclosed resolution-wise voting outcomes, including total votes polled and the percentage split between votes in favour and votes against. The adoption of financial statements and final dividend resolution saw high support, while director-related resolutions had relatively higher votes against compared to other items.

The company stated that all resolutions were passed with the requisite majority.

FY26 performance snapshot highlighted to shareholders

In the AGM context shared by the company, the CMD highlighted record operational and financial performance during FY 2025-26, describing it as a landmark year. NALCO also disclosed that it recorded its highest-ever Revenue from Operations of ₹17,843.05 crore and Profit After Tax of ₹5,815.76 crore.

The company further disclosed a total dividend payout of ₹2,112.12 crore, which includes the recommended and AGM-approved final dividend component.

Newspaper publication and remote e-voting window

NALCO disclosed that it published its 45th AGM addendum in Business Standard, Dharitri, and Navbharat on August 22, 2026. The addendum covered the inclusion of the special resolution for the appointment of Shri Neeraj as a part-time non-official independent director.

For shareholder participation, the company disclosed that remote e-voting for the resolution ran from August 28 to August 30, 2026, with the window opening at 9:00 am on August 28 and closing at 5:00 pm on August 30.

Key facts at a glance

The disclosures around the AGM combine operational performance, capital return, and governance voting into a single event-driven update for investors.

Market impact: what the AGM outcomes signal

The AGM outcomes primarily reinforce three measurable points disclosed by the company: FY26 financial performance, the size of dividends paid and approved, and shareholder voting patterns across governance items. The high in-favour vote percentages for adoption of accounts and the final dividend indicate broad support for the company’s reported FY26 results and the capital return proposal. At the same time, the relatively higher votes against certain director resolutions, as disclosed in the voting breakdown, show that investor opinion was more divided on specific appointments than on financial and dividend matters.

Because the disclosure is focused on AGM proceedings and voting, it does not include any stock price move or market trading reaction. Investors assessing the update are therefore largely working with the stated dividend outgo figures, the reported FY26 revenue and PAT, and the resolution-wise voting data.

Conclusion

NALCO’s 45th AGM on August 31, 2026 closed with shareholders approving FY26 audited accounts, confirming the dividend framework for the year, and clearing key board appointments including a special resolution for an independent director. The final dividend of ₹1.00 per share, with an outgo of ₹183.66 crore, was approved alongside confirmation of the interim dividend of ₹10.50 per share paid in three tranches during FY 2025-26. The company’s disclosures also provide granular voting percentages that help investors track support levels across different governance and financial resolutions.