NMDC Declares Interim Dividend, Approves Subsidiary for Critical Minerals
NMDC Limited announced its Q3 FY26 results and declared a first interim dividend of ₹2.50 per share. The company also approved the incorporation of a wholly-owned subsidiary for critical minerals. The record date for the dividend is February 13, 2026. The Board meeting was held on February 3, 2026.
The interim dividend provides a direct return to shareholders, and the formation of a subsidiary for critical minerals indicates strategic expansion into a growing sector, which could have a medium-term impact on the company's growth and diversification.
The declaration of an interim dividend and the approval for a new subsidiary focused on critical minerals are positive developments for the company.
NMDC Limited announced the outcome of its Board meeting held on February 3, 2026. The Board approved the unaudited financial results for the quarter and nine months ended December 31, 2025, both on a standalone and consolidated basis.
Furthermore, the Board declared the first interim dividend of ₹2.50 per equity share of face value ₹1 each for the financial year 2025-26. The record date for this dividend has been fixed as Friday, February 13, 2026. The company also approved the incorporation of a Wholly-Owned Subsidiary (WOS) dedicated to the acquisition, exploration, production, and related activities of critical minerals, subject to necessary approvals.
The Board meeting commenced at 12:10 Hrs (IST) and concluded at 13:55 Hrs (IST). The financial results and other disclosures are available on the company's website.
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NMDC Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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