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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. Secy/70thAnnual Report/2026 Date: 07.09.2026 To To National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, Plot No. C/1, G Block, Phiroze JeeJeebhoy To wers , Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai-400 051. Mumbai-400 001. Scrip Symbol: NLCINDIA Scrip Code: 513683 Sir/Madam, Sub: Intimation under Regulation 34 and Regulation 53 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Reg. Pursuant to Regulation 34(1) and Regulation 53(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Integrated Annual Report of the Company for the Financial Year 2025-26. This is for your information and records. Thanking You, Yours faithfully, for NLC India Limited Company Secretary & Compliance Officer INTRODUCTION From Resources to Resilience 70th Integrated Annual Report 2025-26 NLC India Limited a It’s been nearly seven decades since we have been mining lignite to power the nation. Often dubbed ‘brown coal’, lignite is crucial as an abundant, low-cost, and reliable domestic fuel to produce electricity. As the country’s largest lignite miner, we have been serving India through every phase of its development. Our Navratna status makes us responsive to an evolving market dynamics and keeps us responsible for India’s economic progress. Our commitment to the making of a developed India reflects in our resolve to stay in sync with the transition sweeping through the power sector. While keeping the core intact, we are building our renewable capacity steadily, holding firm on the reliability the country depends on. This steady shift towards renewables makes the theme for this year's annual report. The document reflects the dynamism of a company that is stepping up, gaining pace and building strength for the road ahead. At NLC India, we define resilience as the ability to prepare for tomorrow based on today’s performance. We are running our mines and power stations at their best and, at the same time, raising our renewable capacity and opening new lines of growth in energy storage, critical minerals and clean technologies. This momentum draws on the financial strength that funds our growth, the capability and the drive of our people, the research and partnerships that carry us from a resource base to create value for our stakeholders and build their confidence in us. These forces complement one another, keeping us resilient and in step with a rapidly changing landscape. NLC India Limited 01 Contents Pioneering across Our Capitals Statutory Reports 70 Financial Capital 122 Directors' Report 78 Manufactured Capital 158 Annual Report on CSR Activities 84 Intellectual Capital 162 Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo 88 Human Capital 166 Management Discussion and Analysis 98 Social and Relationship Capital 202 Report on Corporate Governance 112 Natural Capital 225 Secretarial Audit Report 240 C&AG Comments 246 Business Responsibility and Sustainability Report 285 Independent Assurance Practitioners' Statement Introduction Creating Value, the Sustainable Way Financial Statements 04 Corporate Philosophy 46 Value Creation Model 06 About the Report 48 Stakeholder Engagement 290 Standalone Audit Report 10 Message from the Chairman & Managing Director 52 Materiality Assessment 310 Standalone Financial Statements 60 Risk Management 402 Consolidated Audit Report 68 Sustainability Policy Framework 424 C onsolidated Financial Statements 522 AOC 1 and Information on Subsidiary Companies Annexure 525 GRI Content Index 528 SASB Index About the Company 16 NLC India at a Glance 18 Our Business Portfolio 22 Pan-India Presence 24 Key Financial Highlights 26 Key ESG Highlights 27 5-Years – Physical Performance – Consolidated 28 5-Years – Financial Performance – Standalone 29 5-Years – Financial Performance – Consolidated 30 Awards and Recognitions 36 Governance 38 Board Members 39 Board Profile 44 Board Committees 02 70th Integrated Annual Report FY 2025-26 NLC India Limited 03 INTRODUCTION Corporate Philosophy NLC India Limited (NLCIL) is committed towards integrating environmental stewardship with community well-being. Through innovative practices in resource management, conservation efforts and environmental restoration, NLCIL is creating a positive impact on people and the planet. The Company is paving the way for a greener, more sustainable future while supporting the growth and development of the communities they serve. CORE VALUES N L C I L National Learning, Commitment Innovation Leadership Orientation Development to Excellence and Creativity and Loyalty and Resilience C O M M I T S Customer Organisational Mutual Trust Motivation Integrity, Total Safety and Focus Pride and and Accountability Quality and Sustainability Growing Team Work & Transparency Total Wellness Together OUR ESG VISION To continue to be a socially responsive Company. VISION To emerge as a leading Mining and Power Company, with social responsiveness OUR ESG MISSION accelerating Nation’s growth. To play an active role in society and be sensitive to emerging environmental issues. MISSION Continue to develop and sustain expertise in Be socially responsive, achieve sustainable Power and Mining with focus on growth and development and be sensitive to emerging financial strength. environmental issues. Strive to achieve excellence in processes To nurture talent, encourage innovation and foster and practices. collaborative culture. 04 70th Integrated Annual Report FY 2025-26 NLC India Limited 05 INTRODUCTION About the Report Reporting Scope and Boundary Data Management Responsibility Statement Assurance This report covers the period from April 1, NLC India Limited (NLCIL) is proud to present its fifth Integrated Annual Every operational site within NLCIL Placing accurate and complete The account presented here brings 2025 to March 31, 2026 and as on date presents Report, setting out a complete account of how the Company has performed applies a common and clearly defined information before our stakeholders, together the financial and non-financial an integrated view of the NLCIL Group, across financial and non-financial dimensions during FY 2025-26. Through method to gather, measure, compute and covering financial, Environmental, Social dimensions of the Group's performance. taking in its Subsidiaries, Associates and Joint these pages, we share the milestones reached, the ground covered, initiatives examine its performance data. Holding and Governance (ESG) and operational Our financial results, on both a standalone Ventures. As on date the Group comprises 5 carried forward during the year and as on date providing our stakeholders to a single approach across locations performance alike, remains an obligation and a consolidated basis, have been Subsidiaries, 2 Joint Ventures and 4 Step-down with the clarity they need to form their own judgements. The report reflects gives our disclosures their accuracy and we take seriously. This report has examined in detail by M/s. Sundaram & Subsidiary Companies, as listed below. our continuing endeavour to build enduring value and conduct our business consistency, and allows management to taken shape through wide consultation Srinivasan, Chartered Accountants and responsibly as the energy sector around us continues to evolve. plan and decide on a dependable footing. with business units and departments M/s. PKF Sridhar & Santhanam LLP, across the organisation, supported by Chartered Accountants. Engaging two SUBSIDIARIES the guidance of those charged with audit firms lends added assurance to the governance. Responsibility [Showing first 8,000 characters — download PDF for full document]