National Aluminium Company532234Dividend news update

Interim dividend of Rs.4.50 per share (90% of face value); record date 6 November 2026

Nalco's board has fixed Friday, 6 November 2026 as the record date for an interim dividend of Rs.4.50 per share (90% of face value of Rs.5) for FY 2026-27.

By ScoutQuest · Mon 2 Nov 2026, 9:41 PM IST · 2 min read

90%Dividend as percentage of face value

Dividend as percentage of face value: 90%.

Interim dividend per share: Rs.4.50 per share (90% of face value of Rs.5)
Record date: Friday, 6 November 2026
Total dividend payout: ₹ 826.48 crore on paid-up equity capital of Rs. 918.32 crore

What the board approved

The board of directors met on 2 November 2026 and approved payment of an interim dividend of Rs.4.50 per equity share for the financial year 2026-27. That is 90% of the face value of Rs.5 per share.

Record date: Friday, 6 November 2026
Payment on or before: 1 December 2026
Who is eligible: shareholders whose names appear in the Register of Members on the record date

Size of the payout

The dividend is paid on a paid-up equity share capital of Rs. 918.32 crore. The total interim dividend outgo is ₹ 826.48 crore.

The same board meeting took on record the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.

Results taken on record (standalone)

Revenue from operations: Rs. 5,419.44 crore for the quarter, and Rs. 10,721.82 crore for the half year
Profit for the period: Rs. 1,835.09 crore for the quarter, and Rs. 3,837.47 crore for the half year
Segment result before tax, exceptional items and interest: Chemicals Rs. 281.90 crore and Aluminium Rs. 2,058.15 crore for the quarter

The results are unaudited and have been reviewed by the statutory auditors, SRB & Associates and B M Chatrath & Co LLP, who state that nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Tax on the dividend

Dividend income is taxable in the hands of shareholders, and the company will deduct tax at source at the prescribed rates. Shareholders who want lower or nil deduction for FY 2026-27 are asked to submit the required forms and documents, with a copy of PAN, on or before 9 November 2026. Requests received after that date are not to be entertained, and in the absence of valid documents tax will be deducted at the applicable rates.

Point flagged by the auditors

In an Emphasis of Matter paragraph, the auditors draw attention to a note stating that revenue from the company's two wind power plants in Rajasthan has not been recognised, because a fresh power purchase agreement with the State Government of Rajasthan has not been executed. The matter is sub-judice before the Hon'ble High Court of Rajasthan, on a writ petition shared by the company. The auditors state that their conclusion is not modified in respect of this matter.

Simple takeaway

For a shareholder, the two dates that matter are 6 November 2026, by which the shares must be held to qualify, and 1 December 2026, by which the payment is to be made. The 90% payout ratio and the ₹ 826.48 crore total give a sense of how large the distribution is relative to the company's equity capital.

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