Proceedings of 11th AGM of NMDC Steel Limited held on Monday, 28th September, 2026.

No. 18(2)/2026/78 28.09.2026 BSE Limited National Stock Exchange of Calcutta Stock Exchange Phiroze Jeejeebhoy India Limited Limited Towers, Dalal Street, Exchange Plaza, C- 1, Block 7, Lyons Range, Mumbai – 400001 G, Bandra-Kurla Complex, Murgighata, Dalhousie, Scrip ID: 543768 Bandra (East), Mumbai – Kolkata, West Bengal – 400051 700001 Scrip ID: NSLNISP Scrip ID: 74920 Sub: Proceedings of 11th Annual General Meeting of NMDC Steel Limited held on 28th September 2026 – Reg. Ref: Regulations 30 read with Schedule III of SEBI (LODR) Regulations, 2015. The 11th Annual General Meeting (AGM) of NMDC Steel Limited was held on Monday, the 28th September 2026 at 15:40 hours IST through video conferencing ("VC") / other audio visual means ("OAVM"). Please find the attached proceedings of 11th AGM pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The AGM concluded at 16:55 hours IST. (including 15 minutes allowed for casting votes by the members) This is for your information and record please. Thanking you, Yours faithfully, for NMDC Steel Limited (Paraj Kanti Saha) Company Secretary Proceedings of 11th Annual General Meeting of the Company held on Monday, the 28th day of September 2026 The 11th Annual General Meeting (AGM) of NMDC Steel Limited was held on Monday, the 28th September at 1540 hours IST through video conferencing ("VC") / other audio-visual means ("OAVM") and concluded at 1655 hours IST (including time allowed for voting at the Meeting). The deemed venue for 11th AGM, being the Registered Office of the Company at c/o NMDC Iron & Steel Plant, Nagarnar, Bastar, Chhattisgarh – 494001. Total number of Shareholders as on record date (2026): 7,20,289 Members present through Video Conferencing: 52 Directors' present through video conferencing ("VC") I Other Audio Visual Means ("OAVM"): 1. Shri Amitava Mukherjee, Chairman & Managing Director - Joined from Hyderabad 2. Shri Vinay Kumar, Director (Technical) - Joined from Hyderabad 3. Shri Joydeep Dasgupta, Director (Production) – Joined from Hyderabad 4. Shri Krishna Kumar Thakur, Director (Personnel) – Joined from Hyderabad 5. Shri Anurag Kapil, Director (Finance) – Joined from Hyderabad 6. Shri Vivek Nishant Nath, Director (Commercial) – Joined from Hyderabad Also present through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"): 1. Shri Paraj Kanti Saha, Company Secretary and Compliance Officer 2. Shri Sharad Sinha, M/s. Sharad & Associates, Statutory Auditors 3. Shri B. Mukhopadhyay, M/s. B. Mukhopadhyay & Co., Cost Auditors 4. Shri Brajesh Agarwal, M/s. B.R. Agarwal & Associates, Secretarial Auditors & Scrutinizer 5. Shri Srinivas Rao Bondalapati, M/s. Sagar & Associates, Internal Auditors 6. Shri G. Jagan Mohan, M/s. Aarthi Consultants Private Limited, Registrar & Share Transfer Agent. I. Shri Amitava Mukherjee, Chairman and Managing Director (CMD) of the Company chaired the proceedings of the meeting and welcomed the Members and their representatives, the Directors, and Auditors, to the 11th Annual General Meeting (AGM) of the Company and informed that the meeting is being held through Video Conference (VC) / Other Audio Visual Means (OAVM) in compliance with the Ministry of Corporate Affairs General Circular No. 03/2025 dated 22nd September 2025 read with other previous MCA General Circulars, applicable provisions of the Companies Act, 2013 and circulars issued by the SEBI. II. CMD took the Chair and requested the Directors to introduce themselves to the Members of the Company. Thereafter, Shri Vinay Kumar, Director (Technical), Shri Joydeep Dasgupta, Director (Production), Shri Krishna Kumar Thakur, Director (Personnel), Shri Anurag Kapil, Director (Finance) and Shri Vivek Nishant Nath, Director (Commercial) introduced themselves one after the other, to the Members of the Company. III. Thereafter, Company Secretary welcomed the Members and their representatives, the Directors, Statutory Auditors, Cost Auditors, Secretarial Auditors and Scrutinizer, and the officials of the Registrar and Share Transfer Agent to the 11th AGM of the Company. IV. Company Secretary informed about nomination of Shri Amit Kumar, Deputy Secretary, Ministry of Steel, Govt. of India as the representative of Hon’ble President of India, for the 11th AGM. V. Company Secretary confirmed the presence of requisite quorum and thereafter Chairman and Managing Director called the meeting to be in order. VI. Company Secretary informed Members that in compliance with provisions of the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and the Circulars issued by the Ministry of Corporate Affairs and SEBI, the Company has provided the facility to attend/join the 11th AGM through VC/OAVM through the NSDL e-Voting system. VII. Company Secretary further informed the Members about availability of the Registers of Directors & Key Managerial Personnel, Register of Contracts and other related documents for inspection electronically. VIII. Company Secretary informed Members that the Company has provided remote e-voting facility through National Securities Depository Limited (NSDL) to the members as on the cut-off date i.e. 21st September 2026 for a period of 3 days i.e. from Thursday, 24th September 2026 (0900 Hrs.) to Sunday, 27th September 2026 (1700 Hrs.). The Company has also provided the facility to vote, through NSDL e-Voting system, available during the AGM to the Members, who are present at the AGM through VC/OAVM facility and have not cast their vote on the Resolutions through remote e-Voting, to enable them to cast their vote electronically on the items mentioned in the Notice of AGM. IX. Thereafter, the Chairman addressed the shareholders, reporting on the Company's strong operational performance, financial growth, and profitability for FY 2025-26. He highlighted key strategic milestones achieved during the year, while reaffirming the Company’s dedication to employee welfare and its corporate governance framework. X. Company Secretary also informed the Members that M/s. Sharad & Associates, Statutory Auditors have submitted unmodified audit report and does not contain any qualification, reservation or adverse remark for the financial year 2025-26. Further, C&AG in its supplementary audit has given its comments on the financial statements for the financial year 2025-26. XI. The report submitted by Secretarial Auditors, M/s B.R. Agrawal & Associates, for the financial year 2025-26 does not contain reservation or adverse remark except relating to the composition of the Board of Directors due to absence of Independent Directors including Women Independent Director and non- constitution of Board Level Committees. It was stated that the replies to the said observations form a part of the Board’s Report. XII. With the permission of the Members, Annual Report including Notice of 11th AGM of the Company, the Reports of Board of Directors' along with annexures, Financial Statements for the financial year ended 31st March 2026, Statutory Auditors' Report, C&AG Report and Secretarial Auditors' Report were taken as read. XIII. The following items of business, as set forth in the Notice of 11th AGM, were read out at the meeting:- A. ORDINARY BUSINESS: 1. Adoption of Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026. 2. Reappointment of Shri Vinay Kumar (DIN: 10172521) as a Director on the Board of the Company. 3. Reappointment of Shri Joydeep Dasgupta (DIN: 10837095) as a Director on the Board of the Company. 4. To authorize the Board of Directors for fixing the remuneration of Statutory Auditors for the financial year 2026-27. B. SPECIAL BUSINESS: 5. To appoint Shri Krishna Kumar Thakur (DIN: 10172666) as Director (Personnel) on the Board of the Company. 6. To appoint Shri Anurag Kapil (DIN: 06640383) as Director (Finance) on the Board of the Company. 7. To appoint Shri Vivek Nishant Nath (DIN: 11832511) as Director (Commercial) on the Board of the Company. 8. To [Showing first 8,000 characters — download PDF for full document]