BSECompany Update2d ago · 3 Sept 2026, 09:44 pm

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NLC India Ltd · 513683

✦ AI SummaryDivestiture

NLC India Ltd has signed an Addendum to the Business Transfer Agreement with its wholly-owned subsidiary NLC India Renewables Limited (NIRL) for the proposed hiving off of 708.96 MW of Renewable Energy Assets, including a 4 MW Green Hydrogen Project.

Analysis Scores

Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

NLC India Ltd - 513683 - Intimation Under Regulation 30 And 51 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (LODR)

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NLC India Limited (‘Navratna’ - Government of India Enterprise) Registered Office: No.135, EVR Periyar High Road, Kilpauk, Chennai-600 010. Corporate Office: Block-1, Neyveli-607 801, Cuddalore District, Tamil Nadu. CIN : L93090TN1956GOI003507, Website: www.nlcindia.in email: cosec@nlcindia.in Phone: 044-28369139 Lr. No. NLC/Secy/LODR/2026 Date: 03.09.2026 To To National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, Plot No. C/1, G Block, Phiroze JeeJeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051. Mumbai - 400 001. Scrip Symbol: NLCINDIA Scrip Code: 513683 Sir/Madam, Sub: Intimation under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ***** In continuation of our earlier intimation dated 31.10.2025 for entering into a Business Transfer Agreement with NLC India Renewables Limited (NIRL), a wholly owned subsidiary of the Company and pursuant to the provisions of Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that, Addendum to the Business Transfer Agreement with NIRL is signed on 03rd September, 2026 for proposed hiving off 708.96 MW of Renewable Energy Assets including a 4 MW Green Hydrogen Project which are at various stages of construction/ operation. In compliance of the SEBI circular HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, requisite details are given in Annexure. The above information will be made available on the Company’s website at www.nlcindia.in. This is for your information and record. Thanking You, Yours Faithfully, For NLC India Limited Company Secretary & Compliance Officer Encl: as above Annexure Disclosure under Regulation 30 of SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, requisite details are furnished below: S. No. Description Details a) the amount and percentage of the turnover Revenue from operational or revenue or income and net worth Renewable Energy assets proposed contributed by such unit or division or to be transferred was Rs. 41.16 Crore undertaking or subsidiary or associate for FY 2025-26, which is 0.24 % of company of the listed entity during the last the Company’s revenue of financial year Rs. 17,489.53 Crore (on consolidated basis) based on Audited Financial Statements of 31st March, 2026. Net worth of RE assets was Rs. 925.08 Crore, which is 4.30% of Net-worth of the Company i.e., Rs. 21,524.76 Crore (Total equity attributable to owners) based on Audited Financial Statements of 31st March, 2026. b) date on which the agreement for sale has 03rd September, 2026 been entered into; c) the expected date of completion of Within 3 months sale/disposal; d) consideration received from such The consideration will be paid by sale/disposal; NIRL in cash /acknowledgement of debt. e) brief details of buyers and whether any of NLC India Renewables Limited the buyers belong to the promoter/ (NIRL), a 100% subsidiary of NLC promoter group/group companies. If yes, India Limited. details thereof; f) whether the transaction would fall within Yes, as the transaction is being related party transactions? If yes, whether entered between Holding Company & the same is done at “arm’s length”; Wholly Owned Subsidiary Company. The transaction is being carried out on the Book Value of the RE assets g) whether the sale, lease or disposal of the No amalgamation/ merger is undertaking is outside Scheme of envisaged. Hence compliance w.r.t. Arrangement? If yes, details of the same Regulation 37A of SEBI (LODR) including compliance with regulation 37A of Regulations, 2015, is not applicable LODR Regulations as the transaction is being entered between the Company and its Wholly Owned Subsidiary i.e. NIRL. g) additionally, in case of a slump sale, RE assets are being hived-off from indicative disclosures provided for the books of the Company to the amalgamation/merger, shall be disclosed by books to NIRL. the listed entity with respect to such slump sale.