Outcome of Board Meeting

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/Reg.30&51/2026 Date: 29.09.2026 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: Regulation 30 & 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Outcome of Board Meeting. Pursuant to Regulation 30 & 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform that the Board of Directors of the Company at its meeting held on Tuesday, 29th September, 2026 have, inter-alia, considered and approved. Incorporation of a Joint Venture Company with National Aluminium Company Limited (NALCO) with equity participation of the Company and NALCO in the ratio of 50:50 for development of 1080 MW (4 X 270 MW) Thermal Captive Power Plant in phases to meet the captive power requirements of NALCO and exploring options of long term PPA for the renewable energy requirements of NALCO subject to various statutory and administrative approvals and subject to compliance of DIPAM guidelines as may be prescribed. We are enclosing herewith the brief details of the aforesaid change as prescribed under SEBI (LODR) Regulations read with SEBI circular HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026 as Annexure I. Thanking You, Yours faithfully, for NLC India Limited Company Secretary & Compliance Officer Encl: As above. Annexure - I The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. Sl. Particulars Details Acquisition of ‘to be incorporated’ companies 1 Name of the entity, date & NLC NALCO Power Limited country of incorporation, etc.; and/or any other name as may be made available /approved by Ministry of Corporate Affairs. The proposed Joint Venture Company (JVC) is will be incorporated in India). 2 Name of holding company of the The proposed JVC will be incorporated company and incorporated with 50:50 relation with the listed entity; Equity participation between the Company and National Aluminium Company Limited (NALCO). 3 Industry to which the entity being Thermal Power incorporated belongs; Generation. 4 Brief background about the entity The proposed JVC will be incorporated in terms of products incorporated for / line of business; development of 1080 MW (4 X 270 MW) Thermal Captive Power Plant in phases to meet the captive power requirements of NALCO. 4 Brief details of any governmental Ministry of Coal vide its or regulatory approvals required Letter dated 8th for the incorporation; September, 2026 conveyed the approval of DIPAM for the formation of JVC between the Company and National Aluminium Company Limited (NALCO). 5 Nature of consideration - whether By way of subscription of cash consideration or share swap equity shares of proposed and details of the same; JVC by cash. 7 Cost of subscription / price at The shares will be acquired which the shares are subscribed; at face value of Rs. 10/- each. 8 Percentage of shareholding / 50% of the shares of control by the listed entity and / proposed JVC will be held or number of shares allotted.] by the Company.