NMDC Limited's board of directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, at its meeting held on May 29, 2026. The board also approved the statement of assets and liabilities and other related disclosures.
The board recommended a final dividend of Rs 1 per equity share of face value Rs 1 each for the financial year 2025-26, subject to shareholder approval at the ensuing annual general meeting. NMDC had already declared and paid an interim dividend of Rs 2.50 per share during the financial year.
If the final dividend is declared at the AGM, the total dividend payout for FY26 will be Rs 3.50 per share. Payment to shareholders will be made within 30 days from the date of the AGM.
Among key disclosures, NMDC reported a contingent liability of Rs 15,481.72 crore related to the Karnataka Mineral Rights and Mineral Bearing Land Tax Bill, 2024. The bill proposes a retrospective levy of taxes and is pending the assent of the President of India.
Other contingent liabilities disclosed by NMDC include dues of Rs 6,690.75 crore from NMDC Steel Ltd comprising demerger-related amounts and trade and other receivables, trade receivables of Rs 4,586.31 crore from Rashtriya Ispat Nigam Ltd, and an advance of Rs 639.61 crore to the Karnataka Industrial Area Development Board for land allotted to its wholly owned subsidiary, Karnataka Vijayanagar Steel Ltd.
NMDC also disclosed a demand of Rs 1,623.44 crore relating to compensation based on a common cause judgement that is sub-judice, and a penalty of Rs 1,620.50 crore for mineral dispatches without railway transit passes that is also sub-judice.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.