National Fertilizers Limited (NSE:NFL) filed a newspaper publication with the exchanges on 14 August 2026, announcing its 52nd Annual General Meeting scheduled for 22 September 2026 via video conferencing, along with a board-recommended final dividend of Rs 1.04 per equity share for FY2025-26.
Key Highlights
- The 52nd AGM will be held on Tuesday, 22 September 2026 at 2:30 PM IST through Video Conferencing or Other Audio-Visual Means, with no physical venue for members.
- The Board of Directors, at its meeting on 12 August 2026, recommended a final dividend of Rs 1.04 (10.40%) per equity share of face value Rs 10 each for FY2025-26.
- The record date for dividend eligibility and AGM voting rights has been fixed as Monday, 14 September 2026, with dividend payment on or before 21 October 2026.
- Remote e-voting through NSDL is available to all members, with Monday, 14 September 2026 set as the cut-off date for determining voting rights.
About the Company
National Fertilizers Limited (NSE:NFL), headquartered at Scope Complex, Lodhi Road, New Delhi, is a Navratna Central Public Sector Enterprise under the Government of India. The company manufactures urea and industrial gases across plants in Nangal, Bathinda, Panipat, and Vijaipur. It operates in the fertilisers and agri-inputs sector, with CIN L74899DL1974GOI007417.
Announcement in Detail
The newspaper notice, published in compliance with MCA General Circular No. 03/2025 dated 22 September 2025 and SEBI Circular SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated 3 October 2024, confirms that the AGM Notice and Annual Report for FY2025-26 will be dispatched electronically to shareholders whose email addresses are registered with the Registrar and Transfer Agent, MAS Services Limited, or with their Depository Participants. Physical copies of the Annual Report will be provided on request.
Shareholders holding securities in physical form must submit Form ISR-1, along with self-attested copies of their Aadhaar and PAN cards, to MAS Services Limited, T-34, 2nd Floor, Okhla Industrial Area, Phase-II, New Delhi-110020, to register or update email addresses and bank details. Those in demat mode are directed to update details through their respective Depository Participants. SEBI mandates, effective 1 April 2024, that dividend payments to physical-mode shareholders be made only through electronic transfer, requiring updated PAN, bank account, and nomination details on the folio.
Impact on Investors
Investors will note that the recommended final dividend of Rs 1.04 per share of face value Rs 10 translates to a payout rate of 10.40% on face value for FY2025-26. The dividend remains subject to shareholder approval at the AGM on 22 September 2026 and has not yet been confirmed as a final entitlement. The disclosed record date of 14 September 2026 is the relevant date for establishing eligibility.
The filing shows that dividend payments to physical-mode shareholders will be made only through electronic transfer, as mandated by SEBI from 1 April 2024. Shareholders whose folios lack updated PAN, bank account details, or nomination records may not receive payment until those details are furnished to the RTA. The Income Tax Act, 2025 provisions require the company to deduct tax at source at prescribed rates before disbursement.
Sector / Market Context
India's fertiliser sector operates under significant government oversight, with urea pricing and distribution regulated by the Department of Fertilizers. The government's continued emphasis on agricultural self-sufficiency, reflected in the Pradhan Mantri Kisan Samriddhi Kendras initiative and ongoing urea subsidy allocations in the Union Budget, forms a key structural backdrop for public sector fertiliser producers such as NFL. Annual general meetings of central public sector enterprises are also subject to MCA and DPE governance requirements, which shape the procedural disclosures contained in this filing.