1. Unaudited Financial Results (Standalone & Consolidated) for Q1 FY27

The Board approved and took on record the unaudited financial results for the quarter ended June 30, 2026:

Standalone Financial Highlights (₹ in Crore):

  • Revenue from Operations: ₹5,302.38
  • Total Income: ₹5,475.64
  • Total Expenses: ₹2,786.78
  • Profit Before Tax: ₹2,644.90
  • Current Tax: ₹646.52 (Current Year: ₹668.46, Earlier Years: ₹(18.06) adjustment)
  • Deferred Tax: ₹18.06
  • Profit for the Period: ₹2,002.34
  • Other Comprehensive Income: ₹5.34
  • Total Comprehensive Income: ₹2,007.76
  • Basic & Diluted EPS: ₹10.90

Consolidated Financial Highlights (₹ in Crore):

  • Revenue from Operations: ₹5,302.38
  • Total Income: ₹5,475.64
  • Total Expenses: ₹2,786.78
  • Profit Before Tax: ₹2,589.66
  • Share of Profit/(Loss) of Joint Ventures: ₹0.76
  • Current Tax: ₹646.52 (Current Year: ₹668.46, Earlier Years: ₹(18.06) adjustment)
  • Deferred Tax: ₹18.06
  • Profit for the Period: ₹2,003.14
  • Other Comprehensive Income: ₹5.38
  • Total Comprehensive Income: ₹2,004.52
  • Basic & Diluted EPS: ₹10.91

The results include four Jointly Controlled Entities: Angul Aluminium Park Private Limited, GACL-NALCO Alkalies & Chemicals Private Limited, Utkarsha Aluminium Dhatu Nigam Limited, and Khanij Bidesh India Limited.

2. 45th Annual General Meeting

The Board approved convening the 45th Annual General Meeting on Monday, August 31, 2026, at 1100 hours through Video Conferencing/Other Audio-Visual Means.

3. Final Dividend for FY 2025-26 and Record Date

The Board recommended a final dividend of ₹1.00 per share (20% on face value of ₹5 each) for FY 2025-26, subject to shareholder approval at the AGM. This is in addition to interim dividends already paid during FY26:

  • 1st interim dividend: ₹4.00 per share
  • 2nd interim dividend: ₹4.50 per share
  • 3rd interim dividend: ₹2.00 per share
  • Total interim dividends: ₹10.50 per share (210%)

The Record Date for determining eligibility for the final dividend is fixed as Monday, August 24, 2026. If approved, the dividend will be paid within 30 days of declaration.

4. Appointment of Cost Auditors for FY 2026-27

The Board appointed M/s. Tanmaya S. Pradhan & Co (FRN: 000177) and M/s. S Dhal & Co (FRN: 000197) as Cost Auditors for FY 2026-27 to conduct cost audit under Companies (Cost Records and Audit) Rules, 2014. The Board recommended their remuneration for shareholder ratification at the AGM.

Key Notes from Financial Statements:

  • The financial results were approved by the Board in the absence of an Audit Committee
  • Limited review was carried out by joint statutory auditors SRB & Associates and BM Chatrath & Co LLP
  • Revenue from two wind power plants in Rajasthan remains unrecognized due to non-execution of fresh PPA since April 1, 2019, with the matter sub-judice before Rajasthan High Court
  • The Board consented on April 10, 2026, for winding up/striking off Utkarsha Aluminium Dhatu Nigam Limited (50:50 JV with Mishra Dhatu Nigam Limited) as the project is commercially unviable
  • The company signed a Joint Venture Agreement with NLC India Limited for a 50:50 JV to develop a 1,080 MW Thermal Captive Power Plant at Anugola, Odisha

Meeting Details:

The Board meeting commenced at 1700 hours and concluded at 2000 hours on July 31, 2026.

Auditors' Emphasis of Matter:

The joint statutory auditors drew attention to the non-recognition of revenue from two wind power plants in Rajasthan pending execution of PPA and the matter being sub-judice before the Hon'ble High Court of Rajasthan. Their conclusion on the financial results was not modified in respect of this matter.