NMDC Ltd to Hold 68th AGM on September 28, 2026

Proposed Dividend: ₹1 per equity share
Record Date: October 5, 2026

Reader Takeaway: Shareholders to vote on ₹1 dividend at virtual AGM; record date is Oct 5.

What just happened

NMDC Ltd has scheduled its 68th Annual General Meeting (AGM) for Monday, September 28, 2026, at 11:30 AM IST. The meeting will be held entirely through video conferencing (VC) / Other Audio-Video Means (OAVM), in line with current regulatory guidelines.

Additionally, the company has declared Monday, October 5, 2026, as the 'Record Date'. This date is crucial for identifying shareholders eligible to receive the proposed final dividend for the financial year 2025-26. The proposed dividend payout is ₹1 per equity share.

Why this matters

The AGM is where shareholders will officially approve the proposed final dividend. The record date ensures that only those shareholders who hold the company's stock on October 5, 2026, will be entitled to this dividend payment, subject to shareholder approval at the AGM.

The backstory

NMDC Ltd is India's largest iron ore producer and exporter, with a significant presence in diamond mining as well. The company has a history of paying dividends, reflecting its profitability and commitment to shareholder returns. This year's AGM follows similar virtual formats adopted by many companies in recent years.

What changes now

For existing shareholders, the key action is to ensure their contact details are updated with their depositories. This will facilitate receiving the AGM notice and annual report electronically. The primary decision point for investors will be the shareholder vote on the proposed ₹1 dividend during the AGM.

Risks to watch

The main risk is that the dividend is subject to shareholder approval at the AGM. While typically a formality for final dividends, any significant dissent could theoretically impact the payout. Additionally, market conditions can influence investor sentiment around such corporate actions.

Peer comparison

Other major mining companies in India, such as Coal India and Vedanta, also regularly announce dividends following their AGMs. The proposed ₹1 dividend from NMDC will be compared by investors against historical payouts and industry norms for the financial year 2025-26.

Context metrics (time-bound)

• AGM Date: September 28, 2026
• Record Date: October 5, 2026
• Proposed Dividend: ₹1 per equity share (FY25-26)

What to track next

Investors should monitor the outcome of the AGM, specifically the shareholder vote on the dividend proposal. They should also keep an eye on NMDC's future financial performance reports for the upcoming quarters, which will influence future dividend expectations.