The Navratna PSU will use the unsecured external commercial borrowing for capital expenditure in thermal, mining and diversification projects; 70th AGM scheduled for September 29.
New Delhi : NLC India Limited has approved an unsecured External Commercial Borrowing (ECB) of $100 million from Punjab National Bank (PNB) to meet capital expenditure requirements across its thermal, mining and diversification projects.
The decision was taken at the company’s Board of Directors meeting held on September 5, 2026. The Board also fixed September 22, 2026, as the record date for determining shareholders eligible for the final dividend for the financial year 2025-26, subject to approval by shareholders at the forthcoming Annual General Meeting (AGM).
$100 Million ECB Approved for Capex
The Board approved the borrowing of $100 million in unsecured ECB from Punjab National Bank.
According to the company disclosure, the funds will support capital expenditure requirements related to:
- Thermal power projects
- Mining projects
- Diversification initiatives
The borrowing is part of NLC India’s broader effort to fund its capital-intensive business and diversification plans.
Final Dividend: September 22 Record Date
NLC India has fixed Tuesday, September 22, 2026, as the record date for determining shareholders eligible to receive the company’s final dividend for FY 2025-26.
However, the final dividend remains subject to approval by shareholders at the 70th Annual General Meeting.
Important Dividend Date
| Particular | Date |
|---|---|
| Dividend Record Date | September 22, 2026 |
| Dividend | Final dividend for FY 2025-26 |
| Approval | Subject to shareholder approval at AGM |
Book Closure from September 23 to September 29
The company will close its Register of Members, Share Transfer Books, Demat Records and Register of Beneficiaries maintained through NSDL and CDSL from September 23 to September 29, 2026.
The closure is being undertaken in connection with the company’s 70th Annual General Meeting.
70th Annual General Meeting on September 29
NLC India will conduct its 70th Annual General Meeting (AGM) on Tuesday, September 29, 2026, at 3:00 PM.
The meeting will be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in accordance with applicable Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) guidelines.
AGM Details
| Particular | Details |
|---|---|
| AGM | 70th Annual General Meeting |
| Date | September 29, 2026 |
| Time | 3:00 PM |
| Mode | VC / OAVM |
| Dividend Record Date | September 22, 2026 |
| Book Closure | September 23–29, 2026 |
Board Meeting Concludes in 1 Hour 45 Minutes
The Board meeting commenced at 3:00 PM on September 5 and concluded at 4:45 PM, according to the company’s disclosure.
The resolutions cover financing for capital expenditure, shareholder eligibility for the proposed final dividend and arrangements for the company’s 70th AGM.
What the Announcement Means
The $100 million ECB provides NLC India with additional funding capacity for its capital expenditure programme. The allocation toward thermal, mining and diversification projects indicates that the company continues to invest across both its established operations and newer business areas.
For shareholders, the September 22 record date is the key date for determining eligibility for the FY2025-26 final dividend, although the payout remains dependent on shareholder approval at the AGM.
Key Takeaways
- $100 million unsecured ECB approved from Punjab National Bank.
- Funds to support thermal, mining and diversification capex.
- September 22, 2026 fixed as the final dividend record date.
- Final dividend is subject to shareholder approval.
- Book closure scheduled from September 23 to September 29.
- 70th AGM scheduled for September 29, 2026, at 3:00 PM through VC/OAVM.
- Board meeting was held on September 5, 2026.
SEO Details
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