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.
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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.