NMDC Steel Ltd

AGM Details

• Date and time: 28 September 2026, 03:40 PM IST.
• Mode: VC/OAVM; venue: Nagarnar, Bastar, CG.
• Voting cut-off date: 21 September 2026.

Dividend

• Dividend: not proposed.

Resolutions & outcomes

• Resolution 01 (Ordinary): Adopt Audited Financial Statements; passed 99.64% in favour, 0.36% against.
• Resolution 02: Re-appointment of Shri Vinay Kumar; approved 94.97%, 5.03% against.
• Resolution 03: Re-appointment of Shri Joydeep Dasgupta; approved majority, some opposition.
• Resolution 04: Fix remuneration of Statutory Auditors for 2026-27; approved 99.972%, 0.028% against.
• Resolution 05: Appoint Krishna Kumar Thakur as Director (Personnel); approved 96.88%, 3.12% against.
• Resolution 06: Appoint Anurag Kapil as Director (Finance); approved 96.034%, 3.966% against.
• Resolution 07: Appoint Vivek Nishant Nath as Director (Commercial); approved 96.034%, 3.966% against.
• Resolution 08: Ratify Cost Auditors' remuneration for 2026-27; approved 99.847%, 0.153% against.

Directors

• Krishna Kumar Thakur appointed Director (Personnel).
• Anurag Kapil appointed Director (Finance).
• Vivek Nishant Nath appointed Director (Commercial).
• Joydeep Dasgupta reappointed as Director; retires by rotation.

Auditors

• Statutory audit remuneration fixed for 2026-27.
• Cost auditor remuneration ratified.

Other material approvals

• No material related party transactions disclosed.
• No ESOPs or other material approvals disclosed.

NMDC Steel Limited – Trading window closed from 1 October 2026 to end of 48 hours after the declaration of unaudited financial results for the quarter and half year ending 30 September 2026

AGM Details

• AGM held on 28 September 2026 at 15:40 IST via VC/OAVM.
• Meeting concluded at 16:55 IST after 15 minutes for voting.
• Deemed venue: registered office, Nagarnar, Bastar, Chhattisgarh.
• Remote e-voting cut-off: 21 September 2026 for 3 days.
• Total shareholders on record date: 7,20,289.

Ordinary Business

• Adoption of audited standalone financial statements for year ended 31 March 2026.
• Reappointment of Vinay Kumar as Director.
• Reappointment of Joydeep Dasgupta as Director.
• Authorize Board to fix remuneration of Statutory Auditors for 2026-27.

Special Business

• To appoint Krishna Kumar Thakur as Director (Personnel).
• To appoint Anurag Kapil as Director (Finance).
• To appoint Vivek Nishant Nath as Director (Commercial).
• To ratify remuneration of Cost Auditors for 2026-27.

Voting Status

• Voting results to be declared; combined results to be placed on company and NSDL websites.

AGM notice publication

• Notice of 11th AGM and e-voting information included.
• Newspaper clippings published in Pioneer English and Pioneer Hindi on 07 September 2026.
• Publication complies with Regulation 30 of SEBI LODR Regulations, 2015.
• For information and records of the exchanges and investors.
• Company Secretary & Compliance Officer: Paraj Kanti Saha.

Overview

• Standalone BRSR for NMDC Steel Limited; steel producer focused on hot rolled coils/sheets.
• Main turnover: HR coils 85.1%, other sales 14.9%; 18 Pan-India market reach; 1 plant, 1 office.
• Nagarnar, Chhattisgarh operations; reporting boundary is standalone; Bureau Veritas provided assurance.
• Turnover Rs 13,641.81 crore; net worth Rs 13,173.20 crore (CSR section metrics).
• Assurance provider: Bureau Veritas (India) Pvt Ltd; ESG disclosures hosted on company site.

Key ESG Risks & Opportunities

• Carbon emissions risk (Scope 1/2) from BF-BOF route; mitigate via energy efficiency and low-carbon tech.
• Energy intensity risk from coal reliance; mitigate through optimization and renewable sourcing.
• Water risk due to large usage; mitigate with recycling, ZLD, and water audits.
• Waste generation; slag reuse in cement/roads; potential revenue from by-products.
• Air pollution compliance risk; deploy emission controls and real-time monitoring.
• OH&S risk; implement OHSMS, PPE, and training to reduce incidents.
• Raw material supply disruptions; mitigate with diversified sourcing and NMDC mining tie-ins.
• Logistics efficiency opportunity via digital control tower; potential cost reductions.
• Regulatory ESG reporting risk; strengthen governance and automated disclosures.
• Transition to green steel represents market opportunity; potential premium pricing and new markets.
• Social impact in local communities; CSR programs to build goodwill and reduce risk.

Governance & Policy Highlights

• ESG Committee established to oversee ESG strategy, policies, and performance.
• Board-approved policies cover Code of Conduct, Whistle-Blower, Related Party Transactions, and EHS.
• Independent assurance provided by Bureau Veritas on core BRSR indicators.
• Penalty of ₹1.01 crore for STP non-compliance; no appeal.
• No penalties paid to date per exchange disclosures; governance ongoing.
• As a government-owned entity, director appointments are led by the Ministry of Steel; independent directors sought.
• Policies and documents accessible at nsLtd.in/en/investors/policies-and-documents.

Social Responsibility & Workforce

• Executives: 1,389 total (231 permanent; 1,158 non-permanent); 28 female across executives.
• Workers: 1,391 total (814 permanent; 577 non-permanent); 173 female.
• Differently-abled: executives 5 (all male); workers 7 (6 male, 1 female).
• Board representation: 0 women on Board; KMPs also 0 women.
• Turnover: permanent employees 3.46% (male) and 6.60% (female); permanent workers 1.10% total.
• Health & safety: LTIFR employees 0.00; workers 0.10; one worker fatality; safety training and programs ongoing.
• Well-being spend: about 1.0% of revenue; health services include 24x7 emergency care.

Environmental Performance

• Total energy: 71,349,852.88 GJ; renewable energy share 0%; energy intensity 0.000523 GJ/INR.
• Scope 1: 7,787,876.89 tCO2; Scope 2: 556,997.84 tCO2; total GHG intensity 0.000061 tCO2/INR.
• Water: withdrawal 13,571 ML; surface water 13,087 ML; recycled water 483.87 ML; CZLD recovers ~90%.
• Water discharge: zero outside plant boundary; CZLD supports reuse within units.
• Waste: total hazardous and non-hazardous waste managed with high reuse; major slag/by-product recycling.
• CZLD plant treats effluent for reuse; 180 m3/h scale; TSDF disposal for sludge.
• Standards/certifications: ISO 14001, 45001, 9001, 50001, 29001; CE; independent assurance by BV.

Stakeholder Engagement & Complaints

• Key stakeholder groups: government/regulators, employees, suppliers, customers, local communities, investors, media.
• Engagement channels: meetings, surveys, investor calls; CPGRAMS for grievances.
• FY25-26 grievances: shareholders 1 filed; customers 2; value chain partners 19 with 1 pending.
• All grievances reported in year addressed and resolved in a timely manner.

Other Notable Metrics

• Related party transactions: purchases from related parties 32.49% of total purchases; sales 0%.
• Preferential procurement: marginalized groups (SC/ST/Women) 0.46% of total purchases; MSME share 5.51%.
• MSME procurement: ₹576.1 crore; district purchases ₹311.4 crore; rural procurement dominant.
• Cybersecurity: policy in place; no data breaches or consumer complaints in FY25-26.
• End-of-life/LCA: no Life Cycle Assessment conducted; end-use handled by downstream partners.
• Targets: ESG commitments being formalized; current focus on stabilization and capacity utilization.

Financial performance

• Revenue from operations: ₹13,641.81 crore; total income: ₹13,727.81 crore.
• EBITDA turned positive: ₹1,604.44 crore; PAT ₹58.72 crore.
• Total income growth supported by higher volumes and improved efficiency.
• HR Coil production rose to 23.25 lakh tonnes; HR Coil sales ₹11,608.58 crore.

Operations and production

• HR Coil production: 23.25 lakh tonnes; Liquid steel: 24.25 lakh; Hot metal: 30.71 lakh; Pig iron: 5.13 lakh.
• HR Coil revenue: ₹11,608.58 crore; Pig iron revenue: ₹1,627.20 crore; by‑products: ₹102.96 crore.
• Automation and digitalisation advanced; Level-2 automation with live dashboards; SAP integrated across functions.
• First online grade transition completed for TSC-1; greener, high‑value grade development ongoing.

Capital structure & liquidity

• Total borrowings reduced to ₹4,601.94 crore (from ₹5,897.64 crore).
• NCDs redeemed; no outstanding NCDs as on 31.03.2026.
• Net worth ₹13,173.20 crore; working capital negative ₹(5,736.26) crore.
• Current ratio 0.53; debt‑to‑equity 0.35; no subsidiary/JV exposure.

Dividends & capital allocation

• Dividend Distribution Policy approved in 2023; no dividend declared for FY2025-26.

Governance & risk

• Board: 7 Directors (5 functional including CMD, 2 Government nominees); no Independent Directors as of 31.03.2026.
• Eight Board meetings held in FY2025-26; non‑constitution of Audit/Nomination/Remuneration committees due to absence of Independent Directors.
• Enterprise Risk Management Policy approved 27.03.2026; policy hosted on company website.
• CAG observations on Ind AS 109 ECL for trade receivables; management notes ₹2.02 crore ECL impact recognised in Q1 FY2026-27.

ESG, sustainability & compliance

• BRSR reported with independent assurance by Bureau Veritas; ISO 9001/14001/45001/50001 and ISO 29001; BIS license and CE certification achieved.
• Zero Liquid Discharge (CZLD) facility; ~90% water recycled; green belt ~139–141 hectares; 10 lakh saplings planned for villages.
• Hazardous and non‑hazardous waste reused or recycled; cement and construction uses for BF slag; energy efficiency programs ongoing.

ESG metrics & environment

• Energy intensity: 0.000523 GJ/INR; energy consumption 71,349,852.88 GJ; total emissions intensity 0.000061 tCO2/INR.
• Total GHG: Scope 1 77,87,876.89 tCO2; Scope 2 5,56,997.84 tCO2; emission intensity per turnover ~0.000061 tCO2/INR.
• Waste management: total waste 14,72,210.40 MT; hazardous waste recycled 3,165.66 MT; non‑hazardous waste recycled 14,68,912 MT.

People, HR & CSR

• Workforce: 2,780 employees; 7.23% women; POSH compliance; 10,958 training programs completed; 79 apprentices, 18 interns.
• Maternity benefits and PF/Gratuity provisions in line with statutory requirements; 100% PF coverage for eligible employees.
• CSR: company not required to spend due to cumulative losses; community development and local employment focus continue.

Regulatory & disclosures

• Environmental clearances: 3 MTPA EC; CTO valid to 2028; forest clearances in place for plant sites.
• Secretarial & statutory: eight board meetings; no Independent Directors; related party disclosures and Form AoC-2 attached.
• AGM 11th: scheduled 28 Sept 2026; e-voting details and governance disclosures provided in annual report.

Material disclosures

• Q1 FY2026 results: PAT ₹50.51 crore for quarter ended 30 June 2026.
• Crisil long-term rating upgraded from BBB+/Stable to A/Stable for total bank facilities.
• No additional price-sensitive information to share with stock exchanges at this time.
• Clarification submitted in response to BSE regarding 'Spurt in volume'.

Key disclosures

• Clarifies NMDC Steel has no further price-sensitive information to share at present.
• Reports quarterly results for quarter ended 30 June 2026: profit after tax ₹50.51 crore.
• Long-term rating upgraded by Crisil from BBB+/Stable to A/Stable on total bank facilities.
• Info was promptly furnished to stock exchanges in compliance with SEBI LODR.
• No other price-sensitive information is to be shared as of now.
• NMDC Steel is government-owned under Ministry of Steel.

Cessation: Shri Ashish Chatterjee

• Shri Ashish Chatterjee ceased as Government Director, NMDC Steel, 24 Aug 2026, due to relief from AS&FA post.