BHUBANESWAR – The Board of Directors of National Aluminium Company Limited (NALCO) is scheduled to meet on Friday, January 30, 2026, to consider and approve the payment of a Second Interim Dividend for the financial year 2025-26.

This move follows a stellar financial performance in the first half of the year, where the Navratna PSU reported a 50% surge in net profit to ₹2,497 crore. If approved, this will follow the first interim dividend of ₹4 per share (80%) declared in November 2025.

Mandatory Shift to 100% Electronic Payments

In a significant regulatory update, NALCO has informed shareholders that physical dividend warrants and cheques have been discontinued. This change aligns with the SEBI (LODR) Fifth Amendment Regulations, 2025, which mandated a transition to fully digital settlements starting November 2025.

What this means for you:

• No Physical Cheques: You will no longer receive dividend envelopes in the mail.
• Direct Credit Only: Payments will be made exclusively via NEFT, RTGS, or Direct Credit to your registered bank account.
• No Demand Drafts: The company will not issue demand drafts, even if an electronic transfer fails due to incorrect bank details.

Immediate Action Checklist for Shareholders

To avoid your dividend being stuck in "unpaid" status, ensure the following are completed before the upcoming record date (to be announced on Jan 30):

• For Demat Holders: Log in to your brokerage app (Zerodha, Groww, ICICI Direct, etc.) and verify that your active bank account and IFSC code are correctly updated with your Depository Participant (NSDL/CDSL).
• For Physical Share Holders: Contact NALCO’s Registrar and Transfer Agent (RTA) to submit your bank mandate and KYC documents.
• Validate Account Status: Ensure the linked account is not dormant or restricted from receiving inward credits.