NLC India AGM 2026: ₹3.85 dividend, 2,139 MW deal details

Key update for shareholders

NLC India Limited has set September 29, 2026 for its 70th Annual General Meeting (AGM), to be held at 3:00 p.m. IST through video conferencing (VC) and other audio-visual means (OAVM). The company has highlighted two key items around this AGM cycle: a dividend for FY 2025-26 and a proposed transfer of renewable energy assets to its subsidiary.

The dividend information includes both the overall payout indicated for FY26 and a separate final dividend component of ₹0.25 per share. For investors tracking dividend eligibility, the record date and ex-dividend date are both specified as September 22, 2026.

Dividend overview: total FY26 payout and final dividend

NLC India has disclosed an agenda item highlighting a dividend of ₹3.85 per share for FY 2025-26. Within this, the board recommended a final dividend of ₹0.25 per share.

The company’s disclosures also show the final dividend of ₹0.25 per share was declared on May 13, 2026. Separately, corporate action data included an interim dividend of ₹3.60 per share with an ex-date and record date of January 20, 2026. Taken together, these figures align with the stated FY26 dividend of ₹3.85 per share.

In the quarter ending March 2026, NLC India Ltd declared a dividend of ₹0.25 per share on May 13, 2026, which was presented as translating into a dividend yield of 2.84%.

Record date, ex-date, and book closure details

For determining shareholder eligibility for the final dividend for FY 2025-26, NLC India fixed the record date as Tuesday, September 22, 2026. The ex-dividend date is also shown as September 22, 2026.

NLC India also disclosed a book closure period linked to the AGM. The Register of Members, Share Transfer Books, and Demat records will remain closed from September 23, 2026 to September 29, 2026.

AGM schedule and document availability

The 70th AGM is scheduled for Tuesday, September 29, 2026. The company indicated that the AGM notice and the integrated annual report for FY 2025-26 will be distributed electronically and made available on stock exchange and NSDL websites.

The corporate events list also references “Sep 28, 2026 | Sep 7, 2026 | AGM | General Meeting”, alongside prior-year AGM entries.

FY26 financial snapshot and dividend payout ratio

For FY26, PAT was reported at ₹3,769 crore, up 38.91% year-on-year. Total dividend for FY26 was stated at 38.5% or ₹533.86 crore.

These figures provide the context for the FY26 per-share dividend agenda at the AGM. The same set of disclosures also noted that group power generation capacity expanded to 8.4 GW.

Q1 FY26-27 performance metrics and earnings date

A financial snapshot for Q1 FY26-27 (dated August 7, 2026) reported:

• Revenue of ₹4,716 crore (QoQ -6.46%, YoY 23.29%)
• Gross profit of ₹805 crore (QoQ -25.39%, YoY 103.69%)
• Net profit of ₹436 crore (QoQ -70.55%)

The upcoming earnings date for NLC India Ltd was listed as August 7, 2026. A related disclosure says the company informed BSE that a meeting of the Board of Directors is scheduled on 07/08/2026 to consider and related matters.

Proposed transfer of 2,138.96 MW renewable assets to NIRL

A major agenda item highlighted in the AGM context is the proposed transfer of renewable energy assets to NLC India Renewables Limited (NIRL), a subsidiary. The disclosure specifies renewable assets of 2,138.96 MW.

The stated consideration for this transfer is ₹3,439.60 crore. The company has also referenced asset monetisation via transfers to NLC India Renewables Limited and an approved alternative listing or disinvestment route.

Borrowing and capex signals: ECB and FY26-27 programme

NLC India’s board approved borrowing of an unsecured External Commercial Borrowing (ECB) of USD 100 million from Punjab National Bank.

Management commentary referenced a sizable FY26-27 capex programme of ₹23,600 crore to fund thermal, mining, and renewables growth toward 2030 capacity and financial targets. The same commentary noted one-off regulatory and tax movements in the range of about ₹900 to ₹1,200 crore that affected comparability, and indicated corporate tax is expected to revert to around 25%.

Operational context highlighted by management

The management commentary cited consolidated revenue of ₹17,490 crore and Talabira II and III coal production at a record 19.14 million tonnes. It also referred to a focus on renewable scale-up, noting operational renewable capacity of about 1.8 GW, with over 1 GW added in FY25-26.

Other operational points mentioned include expanded merchant coal sales of more than 12 million tonnes, new Pachwara South production, and raised FY27 production targets.

Key numbers at a glance

What this means for investors

For dividend-focused shareholders, the key operational date is September 22, 2026, since both the record date and ex-dividend date are stated as that day for the final dividend component. The separate book closure period (September 23-29, 2026) is also relevant for share transfer and eligibility processes around the AGM.

From a corporate strategy standpoint, the proposed transfer of 2,138.96 MW renewable assets to NIRL for ₹3,439.60 crore is a material transaction referenced in the AGM agenda. Alongside this, the stated FY26-27 capex programme of ₹23,600 crore and the approved USD 100 million ECB provide additional signals on capital allocation and funding plans.

Conclusion

NLC India’s September 29, 2026 AGM agenda brings together shareholder payout and portfolio actions, with a ₹3.85 per share FY26 dividend highlighted and a final dividend component of ₹0.25 per share tied to a September 22, 2026 record and ex-date. The meeting will also consider the transfer of 2,138.96 MW renewable assets to NIRL for ₹3,439.60 crore. The next near-term milestone on the calendar is the board meeting and earnings date referenced for August 7, 2026.