Meeting Details

  • Date: Monday, 28th September 2026
  • Time: Commenced at 11:30 hours IST and concluded at 13:35 hours IST
  • Type: Annual General Meeting (AGM)
  • Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered Office of the Company at 10-3-311/A, Khanij Bhavan, Castle Hills, Masab Tank, Hyderabad - 500028, Telangana
  • Record Date: 21st September 2026
  • Total Shareholders on Record Date: 11,56,229
  • Members Present through VC: 75

Attendees

Directors Present:

  • Shri Amitava Mukherjee, CMD (Joined from Hyderabad)
  • Shri Vinay Kumar, Director (Technical) (Joined from Hyderabad)
  • Shri Joydeep Dasgupta, Director (Production) (Joined from Hyderabad)
  • Shri Krishna Kumar Thakur, Director (Personnel) (Joined from Hyderabad)
  • Shri Anurag Kapil, Director (Finance) (Joined from Hyderabad)
  • Shri Vivek Nishant Nath, Director (Commercial) (Joined from Hyderabad)
  • Shri Bharat Baburao Patil, Independent Director (Joined from Hyderabad)
  • Shri Mahendra Singh Rao, Independent Director (Joined from Hyderabad)
  • Shri Achal Kumar Sinha, Independent Director (Joined from Hyderabad)

Auditors Present:

  • M/s Varma & Varma, Statutory Auditors
  • M/s D. Hanumanta Raju & Co., Secretarial Auditors & Scrutinizers
  • M/s Sanjiban & Co, Cost Auditors

In Attendance:

  • Shri Aniket Kulshreshtha, Company Secretary and Compliance Officer, NMDC Limited
  • Shri G Jagan Mohan, CEO, M/s Aarthi Consultants Private Limited, Registrar and Share Transfer Agents
  • Representative of President of India: Shri Amit Kumar, Deputy Secretary, Ministry of Steel, Govt. of India

Summary of Proposed Resolutions

The following business items were transacted at the meeting:

A. Ordinary Business:

1. To receive, consider and adopt:

(a) The Audited Standalone Financial Statements for the financial year ended 31st March 2026 together with reports of Board of Directors, Statutory Auditors and Comptroller & Auditor General of India

(b) The Audited Consolidated Financial Statements for the financial year ended 31st March 2026 together with reports of Statutory Auditors and Comptroller and Auditor General of India (Ordinary Resolution)

2. To take note of payment of Interim Dividend of ₹2.50 per equity share (face value ₹1.00 each) already paid and approve payment of final dividend of ₹1.00 per equity share (face value ₹1.00 each) for FY 2025-26 (Ordinary Resolution)

3. To appoint a Director in place of Shri Abhijit Narendra (DIN: 07851224), who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

4. To appoint a Director in place of Shri Joydeep Dasgupta (DIN: 10837095), who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

5. To authorize the Board of Directors for fixing remuneration of Statutory Auditors for FY 2026-27 (Ordinary Resolution)

B. Special Business:

6. To appoint Shri Krishna Kumar Thakur (DIN: 10172666) as Director (Personnel) (Ordinary Resolution)

7. To appoint Shri Anurag Kapil (DIN: 06640383) as Director (Finance) (Ordinary Resolution)

8. To appoint Shri Vivek Nishant Nath (DIN: 11832511) as Director (Commercial) (Ordinary Resolution)

9. To ratify remuneration of Cost Auditors for FY 2026-27 (Ordinary Resolution)

Voting Process and Methods

The voting was conducted through the following methods:

  • Remote e-Voting: Available through National Securities Depository Limited (NSDL) from 24th September 2026 (0900 hours) to 27th September 2026 (1700 hours) for members as of the cutoff date (21st September 2026)
  • E-voting during AGM: Facility provided through NSDL e-Voting system during the meeting for members who had not cast their vote through remote e-voting
  • The e-voting window remained open for an additional 15 minutes during the meeting
  • Scrutinizer: M/s D. Hanumanta Raju & Co, Company Secretaries, Hyderabad were appointed to scrutinize the remote e-voting process and voting during AGM

Key Meeting Proceedings

  • The Chairman welcomed members and directors introduced themselves
  • Company Secretary confirmed requisite quorum was present
  • Annual Report including Notice of 68th AGM, Reports of Board of Directors, Financial Statements, Statutory Auditors' Report, C&AG Report and Secretarial Auditors' Report were taken as read
  • Shareholders who pre-registered as 'Speakers' asked questions about future growth plans, financial performance, environmental clearances, pellet business prospects, and GIFT City subsidiary
  • CMD & Functional Directors responded to shareholder queries
  • The combined result of voting and Scrutinizer's Report will be placed on the company website, NSDL website, and communicated to stock exchanges

Compliance Information

The meeting was conducted in compliance with:

  • Ministry of Corporate Affairs General Circular No. 03/2025 dated 22nd September 2025
  • Previous MCA General Circulars
  • Applicable provisions of Companies Act, 2013
  • SEBI (LODR) Regulations, 2015
  • SEBI Circulars

Auditor Reports

  • Statutory Auditors: M/s Varma & Varma submitted an unmodified audit report without qualifications, reservations, or adverse remarks for FY 2025-26
  • C&AG: Submitted comments on standalone and consolidated financial statements dated 14.08.2026, with management replies annexed in the Board's Report
  • Secretarial Auditor: M/s D. Hanumanta Raju & Co. submitted a report with observations (but no reservations or adverse remarks) regarding board composition due to inadequate number of Independent Directors including Woman Independent Director