BSEBoard Meeting5d ago · 14 Aug 2026, 06:27 pm
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NMDC Ltd · 526371
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NMDC Ltd has announced its unaudited financial results for the quarter ended 30.06.2026, with the Board of Directors approving the Integrated financial Results (Standalone and Consolidated) for the quarter. The results along with Limited Review Report of the Statutory Auditors are enclosed with the announcement.
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NMDC Ltd - 526371 - Board Meeting Outcome for Outcome Of Board Meeting - Unaudited Financial Results (Standalone And Consolidated) And Limited Review Report For The Quarter Ended 30.06.2026.
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No. SEA202627032 14th August 2026
BSE Limited National Stock Exchange of The Calcutta Stock
Phiroze Jeejeebhoy Towers, India Limited Exchange Limited
Dalal Street, Exchange Plaza, C- 1, Block G, 7, Lyons Range, Murgighata,
Mumbai - 400001 Bandra-Kurla Complex, Bandra Dalhousie, Kolkata - 700001
Scrip Code – 526371 (East), Mumbai 400051 Scrip Code – 24131
Through BSE Listing Centre Scrip Code –NMDC Through Listing Compliances
Through NEAPS CSE India
Dear Sir / Madam,
Sub: Outcome of Board meeting - Unaudited Financial Results (Standalone and
Consolidated) and Limited Review Report for the quarter ended 30.06.2026.
Ref: Regulation 33 of SEBI (LODR) Regulations, 2015.
The Board of Directors of the Company at its meeting held on Friday, 14th August 2026, inter-alia
approved Integrated financial Results (Standalone and Consolidated) for the quarter ended
30th June 2026, in terms of SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated
31st December 2024 read with BSE Circular No. 20250102-1 and NSE Circular No.
NSE/CML/2025/02 dated 2nd January 2025.
Pursuant to Regulation 33 of SEBI LODR Regulations, 2015, the Unaudited Financial Results
(Standalone and Consolidated) for the quarter ended 30th June 2026 along with Limited
Review Report of the Statutory Auditors thereon and other disclosures are enclosed herewith.
The Board Meeting commenced at 15:15 hrs. (IST) and concluded at 16:30 hrs.
The above information is also available on the Company's website: https://www.nmdc.co.in/.
Thanking you,
Yours faithfully,
For NMDC Limited
(Aniket Kulshreshtha)
Company Secretary
Encl: as above
दूरभाष /Phones: 040-235387 13-21 (9 Lines), 23538723, 23538767 फै (cid:411) /Fax: +91-40-23538711
ई-मेल E-mail: hois@nmdc.co.in वेबसाइट Website: www.nmdc.co.in
W«P/rta ff W«P/rta
Chartered Accountants
Independent Auditor's Limited Review Report on unaudited standalone financial results for
the quarter ended June 30,2026 of NMDC Limited pursuant to the requirements of Regulation
33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended.
The Board of Directors of NMDC Limited
1) We have reviewed the accompanying statement of unaudited standalone financial results of
NMDC Limited ("the Company") for the quarter ended June 30, 2026 ("the Statement"), being
submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
as amended (the 'Listing Regulations").
2) This Statement, which is the responsibility of the Company's Management and approved by the
Company's Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial
Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with
relevant rules issued thereunder and other accounting principles generally accepted in India. Our
responsibility is to express a conclusion on the Statement based on our review.
3) We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 - "Review of Interim Financial Information Performed by the
Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI)
and also considering the requirements of Standard on Auditing (SA 600) on "Using the work of
Another Auditor". These standards requires that we plan and perform the review to obtain
moderate assurance as to whether the financial statements are free of material misstatement. A
review of interim financial information consists of making inquiries, primarily of persons
responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
Standards on Auditing and consequently does not enable us to obtain assurance that we would
become aware of all significant matters that might be identified in an audit. Accordingly, we do not
express an audit opinion.
4) Conclusion
Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement prepared in accordance with recognition and
measurement principles laid down in the applicable Indian Accounting Standards (Ind AS) and
other recognized accounting practices and policies has not disclosed the information required to
be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed,
or that it contains any material misstatement.
5) Emphasis of Matter
We draw attention to the following matters included in the statement for the quarter ended June
30, 2026.
a) Note No. 3 regarding the Karnataka (Mineral Rights and Mineral Bearing Land) Tax Bill, 2024
proposing retrospective levy of taxes, which is pending the assent of the Hon'ble President of
India. Considering the current status, the estimated amount of INR 15,785.72 crores, if
enacted in its current form, has been considered as contingent liability.
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b) Note No. 4 regarding recoverability of dues from NMDC Steel Limited ("NSL"), consisting of
an amount of INR 1,601.39 crores arising from demerger and INR 4,846.56 crores of trade
and other receivables.
c) Note No. 5 regarding recoverability of trade receivables of Rashtriya lspat Nigam Limited
(RINL) amounting to INR 4,712.47 crores.
d) Note No. 7 regarding status of advance of INR 639.61 crores paid by the Company to
Karnataka Industrial Area Development Board (KIADB) towards the cost of land allotted to its
wholly owned subsidiary, Karnataka Vijayanagar Steel Limited (KVSL).
e) Note No. 8 regarding demand of INR 1,623.44 crores relating to compensation based on
Common Cause Judgement, which is sub-judice.
f) Note No. 9 regarding order I notice alleging mineral dispatches without timely Railway Transit
Passes (RTP), resulting in a penalty of INR 1,620.50 crores, which is sub-judice.
g) Note No. 10 regarding financial position of Legacy Iron Ore Ltd, a foreign subsidiary of the
company.
The impact of the above on the financial results is dependent on the outcome of the
proceedings/matters as described in the said notes.
Our Conclusion on the statement is not modified in respect of the above matters.
6) Other Matters
a) We did not review the financial results of six branches included in the unaudited standalone
financial results of the Company, whose results reflect total revenues of INR 7, 107.51 Crores
and total net profit before tax of INR 2,575.11 Crores for the quarter ended June 30,2026
respectively, as considered in the respective unaudited financial results of the Branches
included in the unaudited standalone financial results of the Company. The financial results
of these branches have been reviewed by the branch auditors whose reports have been
furnished to us, and our conclusion in so far as it relates to the amounts and disclosures
included in respect of these branches, is based solely on the review report of such branch
auditors and the procedures performed by us as stated in paragraph 3 above.
b) The standalone financial results include the results for the quarter ended March 31,2026 being
the balancing figures between audited figures in respect of the full financial year and the
published year to date unaudited figures up to the third quarter of the said financial year which
were subjected to limited review by us.
Our Conclusion on the statement is not modified in respect of the above matters.
For VARMA & VARMA
Chartered Accountants
FRN 004532S
KP SRINIVAS
Place: New Delhi Partner
Date: 14-08-2026 M. No: 208520
UDIN: 26208520VGXNYJ 9805
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Plot No. #789, 3rd Floor, Road No.36, CBI Colony, Jubilee Hill
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