NMDC Limited announced the outcome of its Board meeting held on February 03, 2026. The Board approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025. Furthermore, the Board declared the 1st Interim Dividend of ₹2.50 per equity share of face value ₹1 each for the financial year 2025-26. The dividend will be paid within prescribed timelines, with February 13, 2026, fixed as the Record Date. In a significant strategic move, the Board also approved the proposal for the incorporation of a Wholly-Owned Subsidiary (WOS) by NMDC Limited. This subsidiary will focus on the acquisition, exploration, production, and other related activities of critical minerals, subject to necessary approvals from the Ministry of Steel, DIPAM, and other authorities. The Board meeting commenced at 12:10 Hrs (IST) and concluded at 13:55 Hrs (IST). The company also highlighted potential contingent liabilities related to the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024, and recoverability of dues from NMDC Steel Limited and trade receivables from RINL.
