NMDC Ltd

Appointment of Government Director

• Type: Appointment of Government Director on NMDC Board, effective 12.10.2026.
• Profile: Ms. Sarita Chauhan, IAS, Additional Secretary & Financial Advisor, MoS.
• Term: Until further orders; not related to NMDC directors; not disqualified or debarred.

NMDC Limited: Government Director changes

• Appointed Vinod Kumar Tripathi, Joint Secretary, MoS, as NMDC Government Director w.e.f. 12.10.2026 to replace Abhijit Narendra.
• Profile: IRSE member; IIT Roorkee civil engineer; extensive railway and public sector administration experience.
• Not related to other NMDC directors; not disqualified by SEBI or authorities.
• Abhijit Narendra ceased to be Government Director on NMDC Board, effective 12.10.2026.

AGM Details

• Date and time: 28 September 2026, 11:30 IST.
• Mode: VC/OAVM.
• End time: 1:35 PM.
• Record date: 21 September 2026.

Key Resolutions

• Resolution 1 (Ordinary): Receive and adopt the financial statements and reports.
• Resolution 2 (Ordinary): Take note of interim dividend and approve final dividend of Rs 2.50.
• Resolution 3 (Ordinary): Re-appoint Shri Abhijit N. Dasgupta as Director by rotation.
• Resolution 4 (Ordinary): Appoint Shri Joydeep Dasgupta as Director (Finance).
• Resolution 5 (Ordinary): Authorise Board to fix remuneration of Statutory Auditors for 2026-27.
• Resolution 6 (Ordinary): Ratify remuneration of Cost Auditors for 2025-26.
• Resolution 7 (Ordinary): Appoint Shri Krishna Kumar Thakur as Director.
• Resolution 8 (Ordinary): Appoint Shri Anurag Kapil as Director (Finance).
• Resolution 9 (Ordinary): Appoint Shri Vivek Nishant Nath as Director (Commercial).

Dividend

• Final dividend of Rs 2.50 per equity share; interim dividend of Rs 1.00 already paid.

Director Changes

• Shri Abhijit N. Dasgupta re-appointed as Director by rotation.
• Shri Joydeep Dasgupta appointed as Director (Finance).
• Shri Krishna Kumar Thakur appointed as Director.
• Shri Anurag Kapil appointed as Director (Finance).
• Shri Vivek Nishant Nath appointed as Director (Commercial).

Auditors & Remuneration

• Statutory Auditors remuneration for 2026-27 approved by the Board.
• Cost Auditors remuneration for 2025-26 ratified.

NMDC Limited — Closure of Trading Window from October 01, 2026 to end of 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026

AGM Details

• 68th NMDC AGM held on 28 September 2026 at 11:30 IST via VC/OAVM.
• AGM ran 11:30–13:35 IST, including 15 minutes for vote casting.

Integrated project details

• Commissioned 2 MTPA pellet plant at Nagarnar as part of Rs 5,427 crore project.
• Includes 15 MTPA slurry pipeline from Bacheli to Nagarnar.
• New iron ore processing plant at Bacheli and 135 km pipeline.
• Pipeline passes through 61 villages to reduce road movement.
• Pellets produced using Straight Grate Induration technology.
• Supports NMDC's long-term target to reach 100 MTPA iron ore capacity.
• Part of broader expansion and diversification strategy.
• Maiden production observed despite adverse weather.

Net Zero target and roadmap

• Target covers Scope 1 and Scope 2 emissions by 2047.
• Minimum 90% reduction in operational emissions; remaining offset over time.
• Six strategies identified: energy efficiency, renewable energy, fleet electrification, low-carbon fuels, CCUS, demand-side management.
• Already operating 10.5 MW wind facility at Chitradurga and solar installations across projects.
• Slurry pipeline project to provide greener downstream transportation.
• Plan to move more ore by rail, supported by doubling railway lines and related infra.
• Roadmap phases: short-term FY26–30, medium FY30–40, long-term FY40–47.
• Initial transition focuses energy efficiency, renewable adoption, and electrification.

Price update

• Iron ore prices fixed w.e.f. 09-Sep-2026: Lump ₹5,400/ton; Fines ₹4,500/ton (FOR).
• Prices are FOR and exclusive of royalty, DMF, NMEDT, cess, forest permit fee, transit, GST, and other taxes.

Auditor appointment

• C&AG appointed M/s M C Bhandari & Co., Hyderabad as Statutory Auditors.
• Branch Auditors appointed: M/s Vinay Kumar & Co., Allahabad.
• Branch Auditors: AVRSK and Associates, LLP, Visakhapatnam.
• Branch Auditors: BPSSY & Co., Ballari.

AGM notice and e-voting update

• Newspaper clippings published on 07 Sept 2026 for NMDC's 68th AGM and e-voting information.
• Newspapers: Financial Express, Vaartha, and Daily Hindi Milap carried the notices.