Meeting Details

The 70th Annual General Meeting of NLC India Limited was held on Tuesday, the 29th September 2026 at 15:00 Hours (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

Summary of Proposed Resolutions and Implications

The meeting considered and voted on 11 resolutions, comprising both Ordinary and Special Business. All resolutions were passed with the requisite majority.

Ordinary Business:

1. Adoption of the Standalone and Consolidated Audited Financial Statements for the year ended 31st March 2026, along with reports from the Board of Directors, Statutory Auditors, and comments from the Comptroller and Auditor General of India.

2. Confirmation of an Interim Dividend of ₹3.6 per equity share (36%) and declaration of a Final Dividend of ₹0.25 per equity share (2.5%) for FY 2025-26.

3. Re-appointment of Dr. Prasanna Kumar Acharya (DIN: 09625170) as a Director retiring by rotation.

4. Re-appointment of Dr. Suresh Chandra Suman (DIN: 09549424) as a Director retiring by rotation.

Special Business:

5. Appointment of Shri Rajesh Pratap Singh Sisodia (DIN: 10224070) as a Director.

6. Appointment of Shri Anil Meshram (DIN: 06632929) as a Government Nominee Director.

7. Appointment of Shri Gopal Singh (DIN: 11815925) as a Government Nominee Director.

8. Appointment of Shri Poonam Chandrakar (DIN: 11748295) as an Independent Director (Special Resolution).

9. Sale/transfer of the company's Renewable Energy Assets to its wholly-owned subsidiary, NLC India Renewables Limited (Special Resolution).

10. Ratification of remuneration for Cost Auditors for the Financial Year 2026-27.

11. Appointment of Dr. Prasanna Kumar Acharya (DIN: 09625170) as Chairman cum Managing Director.

The transfer of renewable energy assets to the subsidiary is a significant strategic move for segregating and potentially focusing on the renewable business.

Voting Process and Methods

The company provided a remote e-voting facility through National Securities Depository Limited (NSDL). The remote e-voting period commenced on Friday, 25th September 2026 at 9:00 A.M. and ended on Monday, 28th September 2026 at 5:00 P.M.

An additional e-voting facility was provided during the AGM for shareholders who had not voted remotely. This facility was kept open for 15 minutes after the conclusion of the AGM at 4:03 P.M.

M/s. D Hanumanta Raju & Co., Practicing Company Secretaries, was appointed as the Scrutinizer for both the remote e-voting and the e-voting during the AGM.

Key Voting Outcomes

Total Votes Cast: The total number of votes cast varied by resolution. The scrutinizer's report provides a detailed breakdown for each resolution.

Resolution-wise Results:

  • Resolution 1 (Adoption of Financial Statements): 108,99,83,007 votes in favour (89.8436%) vs. 12,32,18,169 against (10.1564%). 743 members voted in favour, 26 against. Invalid/abstained votes: 7,59,272.
  • Resolution 2 (Dividend): 121,20,19,145 votes in favour (99.8475%) vs. 18,50,950 against (0.1525%). 797 members voted in favour. Invalid/abstained votes: 90,353.
  • Resolution 3 (Re-appointment of Dr. P.K. Acharya): 119,11,29,380 votes in favour (98.1391%) vs. 2,25,85,967 against (1.8609%). 713 members voted in favour. Invalid/abstained votes: 2,45,101.
  • Resolution 4 (Re-appointment of Dr. S.C. Suman): 118,48,42,178 votes in favour (97.6087%) vs. 2,90,27,707 against (2.3913%). Invalid/abstained votes: 90,563.
  • Resolution 5 (Appointment of Shri R.P.S. Sisodia): 119,48,99,719 votes in favour (98.4372%) vs. 1,89,70,066 against (1.5628%). 616 members voted in favour, 65 against. Invalid/abstained votes: 90,663.
  • Resolution 6 (Appointment of Shri A. Meshram): 109,89,55,544 votes in favour (90.5352%) vs. 11,48,87,839 against (9.4648%). 649 members voted in favour, 220 against. Invalid/abstained votes: 1,17,065.
  • Resolution 7 (Appointment of Shri G. Singh): 109,89,61,357 votes in favour (90.5357%) vs. 11,48,82,018 against (9.4643%). 651 members voted in favour, 218 against. Invalid/abstained votes: 1,17,073.
  • Resolution 8 (Appointment of Shri P. Chandrakar): 109,90,81,716 votes in favour (90.5456%) vs. 11,47,61,669 against (9.4544%). 648 members voted in favour. Invalid/abstained votes: 1,17,063.
  • Resolution 9 (Asset Transfer): 121,19,80,264 votes in favour (99.8465%) vs. 18,63,121 against (0.1535%). 785 members voted in favour. Invalid/abstained votes: 1,17,063.
  • Resolution 10 (Cost Auditor Remuneration): 121,19,83,016 votes in favour (99.8467%) vs. 18,60,369 against (0.1533%). Invalid/abstained votes: 1,17,063.
  • Resolution 11 (Appointment of Dr. P.K. Acharya as CMD): 119,74,58,324 votes in favour (98.6775%) vs. 1,60,48,370 against (1.3225%). 744 members voted in favour, 28 against. Invalid/abstained votes: 4,53,754.

Participation Breakdown: The scrutinizer's report provides the number of members voting for/against each resolution but does not provide a detailed categorical breakdown (e.g., Promoters, Public, Institutions) of the votes.

Scrutinizer's Role and Findings

Shaik Razia, Partner of D. Hanumanta Raju & Co., was appointed as the Scrutinizer. The scrutinizer's responsibility was to scrutinize the e-voting process and report on the votes cast for or against the resolutions based on data from the NSDL e-voting system. The scrutinizer confirmed that the management is responsible for compliance with the Companies Act, 2013 regarding e-voting. The consolidated report confirms the passage of all resolutions. The e-votes confirmation register was handed over to Shri Sushanta Kumar Panda, Company Secretary, who was authorized to declare the results.

Compliance Confirmation

The disclosure confirms compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (LODR) Regulations, 2015. The notice and corrigendum were sent to shareholders electronically per relevant MCA Circulars and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024.