NMDC Ltd

AGM and dividend details

• 68th AGM scheduled for 28 September 2026 at 11:30 IST via VC/OAVM.
• Notice and Annual Report 2025-26 will be sent electronically to members with registered email addresses.
• Record date fixed on 5 October 2026 for final dividend of ₹1 per equity share, subject to AGM approval.

Business Overview

• Government-owned iron ore producer; core business is mining and sale of iron ore in India.
• Domestic focus with higher realisations and pellet-related job-work activities disclosed.
• Key governance: government ownership with significant stake and investments in subsidiaries.

Operational Highlights

• Iron ore production 151.17 LT in Q1 FY27, up 26% YoY.
• Iron ore sales 117.30 LT in Q1 FY27, up 2% YoY.
• Pellets job-work ore transfer: 8.19 LT, up 46%.
• Average domestic realisation ₹5,548 per tonne, up 4%.
• EBITDA ₹2,817 crore with 41% margin; PAT ₹2,007 crore.

Financial Performance

• Revenue from operations ₹6,795 crore; Total income ₹7,142 crore.
• EBITDA ₹2,817 crore; margin 41%.
• Profit after tax ₹2,007 crore; PBT ₹2,692 crore.
• YoY: Revenue up ~2%; EBITDA margin declined ~1 percentage point.

Capital Structure & Liquidity

• President of India holds 60.79% stake.
• Top 25 shareholders disclosed; governance leaned to government ownership.
• Total investments in subsidiaries ₹1,419.98 crore (major holdings: JKMDC 95.86%, KVSL 100%, NCF 100%, NCL 51%, BRPL 52%).
• Krishnapatnam Rly Co. Ltd holding 6.40% with ₹40 crore investment.

Strategic Priorities & Outlook

• No forward-looking guidance disclosed in this chunk.
• Outlook driven by higher production and improved domestic realizations.
• Strategic emphasis on leveraging existing assets and pellet-related activities.

Governance & Leadership

• Government ownership anchors governance framework; President of India is the majority holder.
• Investments in key subsidiaries disclosed; no management changes noted in this chunk.

Meeting Details

• Board meeting scheduled for Friday, 14 August 2026.
• Time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed 1 July 2026 to 16 August 2026 for insiders.

Iron ore pricing

• Effective 08 August 2026, Lump Ore (65.5%, 10-40mm) priced at ₹5,250 per ton.
• Fines (64%, -10mm) priced at ₹4,500 per ton.
• Prices exclude royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit, GST, environmental cess and other taxes.

Company Secretary & Compliance Officer changes

• Resignation of Pravin Shekhar as Company Secretary & Compliance Officer, effective 30 July 2026, due to organizational changes.
• Appointment of Aniket Kulshreshtha as Company Secretary & Compliance Officer (KMP), effective 30 July 2026, board-approved.
• Profile: Aniket Kulshreshtha brings 17+ years post-qualification; ICSI Fellow; Commerce & Law (Delhi Univ); MBA, Jamia Millia Islamia.

Appointment on NMDC Board

• Order No. S-4013/2/2025-BLA dated 14.07.2026 appoints Vivek Nishant Nath.
• Nath currently Chief General Manager at Odisha Mining Corporation Limited.
• Appointed as Director (Commercial) on NMDC Limited's Board.
• Term: five years from assumption of charge, or until further orders, whichever earlier.
• Subject to Regulation 30 of SEBI LODR listing norms.

Iron ore price update

• Prices: Baila Lump ₹5,450/ton; Baila Fines ₹4,700/ton (excludes royalties, DMF, GST, Cess).

Certificate status

• Compliance Certificate under Reg 74(5) for quarter ended 30 June 2026 enclosed from RTA.

Production & Sales (Jun 2026)

• June 2026 production total 5.15 MT; Chhattisgarh 3.58 MT, Karnataka 1.57 MT.
• June 2026 sales total 3.98 MT; Chhattisgarh 2.79 MT, Karnataka 1.19 MT.
• June 2025 production total 3.57 MT; Chhattisgarh 2.28 MT, Karnataka 1.29 MT.
• June 2025 sales total 3.58 MT; Chhattisgarh 2.34 MT, Karnataka 1.24 MT.
• Cumulative upto Jun 2026 production 15.10 MT; upto Jun 2025 11.99 MT.
• Cumulative upto Jun 2026 sales 11.75 MT; upto Jun 2025 11.51 MT.