National Aluminium Company Limited (NALCO) conducted its 45th Annual General Meeting (AGM) on Monday, August 31, 2026, through Video Conferencing/Other Audio-Visual Means. The meeting commenced at 11:00 a.m. and concluded at 12:50 p.m., lasting 1 hour and 50 minutes.

Meeting Proceedings

The meeting was chaired by Shri Brijendra Pratap Singh, Chairman-cum-Managing Director. Other attendees included Part-time Official Directors Dr. Veena Kumari Dermal and Shri V. K. Bajpai, Functional Directors, Company Secretary, and representatives of the President of India. Requisite quorum was confirmed present at the outset.

Key Disclosures and Updates

  • The full text of the Chairman's speech was uploaded on the company website before the AGM commencement
  • Statutorily required registers and documents were uploaded on the company website and kept accessible to all members
  • Shri Neeraj (DIN: 11893986) was appointed as additional director effective August 14, 2026, as per Ministry of Mines order dated August 14, 2026, to hold office until this AGM
  • A shareholder provided notice under Section 160 of Companies Act, 2013 proposing Shri Neeraj's appointment as director
  • Addendum to the AGM notice was sent to shareholders on August 18, 2026, and uploaded on company, NSE, BSE, and Bigshare websites

Audit Reports

  • Independent Auditors' Reports (Standalone and Consolidated) were not read as there were no qualifications, observations, or comments from Statutory Auditors on the financial statements
  • Secretarial Auditors gave qualifying remarks in their report for FY ended March 31, 2026
  • C&AG provided comments in their Supplementary Audit Report for FY 2025-26
  • Management explanations on both reports were read out during the meeting

Voting Procedures

  • Cut-off date for shareholder voting eligibility was set as Monday, August 24, 2026
  • Remote e-voting facility was provided from Friday, August 28, 2026 (9:00 a.m.) to Sunday, August 30, 2026 (5:00 p.m.)
  • E-voting during the AGM was available for members who had not voted remotely
  • M/s. Saroj Ray & Associates, Company Secretaries, were appointed as Scrutinizer for both remote e-voting and AGM e-voting
  • Consolidated e-voting results would be hosted on company, RTA (Bigshare Services Private Limited), and stock exchange websites within scheduled time

Resolutions Considered and Approved

All seven resolutions were approved by shareholders with requisite majority:

Ordinary Business:

1. Adoption of audited financial statements (including consolidated) for FY ended March 31, 2026, and reports of Board of Directors and Auditors

2. Confirmation of payment of 1st, 2nd, and 3rd interim dividends and declaration of final dividend on equity shares for FY ended March 31, 2026

3. Appointment of Director in place of Shri Jagdish Arora, Director (Projects & Technical) (DIN: 10347268), who retires by rotation

Special Business:

4. Appointment of Shri Anil Kumar Singh (DIN: 11466071) as Director (Commercial)

5. Appointment of Dr. Veena Kumari Dermal [DIN: 08890469] as Part-time Official Director

6. Ratification of remuneration of Cost Auditors for FY ending March 31, 2027

7. Appointment of Shri Neeraj (DIN: 11893986) as Part-time Non-official (Independent) Director

Shareholder Engagement

Registered speakers were invited to express views, give suggestions, and pose queries on operational and financial performance. Management addressed queries during the meeting, with promises to send replies to registered email IDs for queries not immediately addressed.

Conclusion

Shri Pankaj Kumar Sharma, Director (Production), proposed a vote of thanks. The meeting concluded after allowing 15 minutes for e-voting by shareholders who had not voted through remote e-voting.