NCC logo

NCC MD, chairman, board of directors and AGM

NSE: NCCBSE: 500294ConstructionSmall Cap

Formerly Nagarjuna Construction Company
Last close ₹116.18down ₹3.99 (3.32%)BSE ₹116.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹120.17.

52-week range of traded prices to 23 Oct 2026
₹114.44Low, 23 Oct 2026₹217.25High, 3 Nov 2025
Market cap
₹7,294 Cr575th largest listed
P/E
10.4
P/B
0.9
Dividend yield
1.89%
ROE
9.2%
ROCE
14.6%
Debt to equity
0.43
Volume, NSE
21,00,13647.0% delivered

NCC board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRajender Mohan Malla
  • Managing directorA V Ranga Raju Alluri
  • Company Secretary and Compliance OfficerA Karthik

10 directors4 independent5 executive1 non-executive

  • Rajender Mohan Malla · ChairpersonIndependent · joined Jul 2024 · reappointed Jul 2024 · 27 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 as chair
  • Uma ShankarIndependent · joined Feb 2024 · reappointed Feb 2024 · 31 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
  • Ramesh KailasamIndependent · joined Feb 2024 · reappointed Feb 2024 · 31 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Sumit BanerjeeIndependent · joined Jan 2026 · reappointed Jan 2026 · 9 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • Utpal Hemendra ShethNon-executive · joined Oct 2013 · reappointed Aug 2026 · 5 listed boards · 1 as independent · 2 committee seats, 1 as chair
  • A V Ranga Raju Alluri · Managing directorExecutive · joined Mar 1990 · reappointed Apr 2022 · 1 listed board
  • Alluri Gopala Krishnam RajuExecutive · joined Mar 1990 · reappointed Apr 2022 · 1 listed board · 3 committee seats
  • Srimannarayana Raju AlluriExecutive · joined Mar 1990 · reappointed May 2024 · 1 listed board
  • Alluri Venkata Narasimha RajuExecutive · joined Jun 1999 · reappointed May 2026 · 1 listed board
  • Jampana Venkata Ranga RajuExecutive · joined Mar 1990 · reappointed Apr 2022 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Durga Prasad Subramanyam Anapindi, left 23 May 2026: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 6 Aug 202610 of 10 present4 independent · 82 days in between
    • 15 May 202610 of 11 present5 independent

  • Audit Committee

    Chair Uma Shankar

    Rajender Mohan Malla, Ramesh Kailasam, Alluri Gopala Krishnam Raju, Sumit Banerjee

    • 6 Aug 20265 of 5 present4 independent · 82 days in between
    • 15 May 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Uma Shankar

    Ramesh Kailasam, Utpal Hemendra Sheth

    • 5 Aug 20263 of 3 present2 independent · 82 days in between
    • 14 May 20263 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Ramesh Kailasam

    Uma Shankar, Alluri Gopala Krishnam Raju

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Rajender Mohan Malla

    Sumit Banerjee, A V Ranga Raju Alluri

    • 5 Aug 20263 of 3 present2 independent · 82 days in between
    • 14 May 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Srimannarayana Raju Alluri

    Rajender Mohan Malla, Alluri Gopala Krishnam Raju

    • 5 Aug 20263 of 3 present1 independent · 82 days in between
    • 14 May 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S R Batliboi & Associates LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

NCC AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.NCC dividend history

Annual general meeting, 27 Aug 2026

5,56,861 shareholders on the register on 20 Aug 2026; present: 5 promoters and 106 others; votes counted by A Ravi Shankar / A Ravi Shankar & Co., Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 60.75% · promoters 100.00% · institutions 82.23% · other public 29.22%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the report of the Auditors thereon.
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.01%

    Turnout: all 60.75% · promoters 100.00% · institutions 82.23% · other public 29.22%

  3. To declare a dividend of Rs.2.20 per equity share for the financial year 2025-26, as recommended by the Board of Directors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 60.94% · promoters 100.00% · institutions 82.87% · other public 29.22%

  4. To appoint a Director in place of Sri A G K Raju (DIN:00019100), who retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    84.51% for15.49% against

    Against: promoters 0.00% · institutions 39.93% · other public 0.02%

    Turnout: all 60.92% · promoters 100.00% · institutions 82.83% · other public 29.22%

  5. To appoint a Director in place of Sri Utpal H Sheth (DIN:00081012), who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    89.64% for10.36% against

    Against: promoters 0.00% · institutions 26.71% · other public 0.01%

    Turnout: all 60.92% · promoters 100.00% · institutions 82.83% · other public 29.22%

  6. To ratify the remuneration of the Cost Auditors for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 60.92% · promoters 100.00% · institutions 82.83% · other public 29.22%

  7. To reappoint Sri A V N Raju (DIN:00018965) as a Wholetime Director of the Company and the remuneration payable to him.
    SpecialPromoters have an interest in it
    99.71% for0.29% against

    Against: promoters 0.00% · institutions 0.74% · other public 0.01%

    Turnout: all 60.92% · promoters 100.00% · institutions 82.83% · other public 29.22%

  8. To approve the remuneration payable to Smt. Kausalya Bhupathi Raju, Director (Commercial), as a Related Party Transaction.
    OrdinaryPromoters have an interest in it
    73.18% for26.82% against

    Against: promoters 0.00% · institutions 66.22% · other public 0.03%

    Turnout: all 58.34% · promoters 88.87% · institutions 82.83% · other public 29.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Jan 2026, 1 resolution

5,78,244 shareholders on the register on 19 Dec 2025; votes counted by A Ravi Shankar / Ravi & Subramanyam Company Secretaries.The company's voting result (opens in a new tab)

  1. To consider and approve appointment of Sri Sumit Banerjee (DIN: 00213826) as an Independent Director of the Company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.05% · other public 0.03%

    Turnout: all 61.30% · promoters 99.95% · institutions 88.58% · other public 27.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Aug 2025, 7 resolutions

5,69,065 shareholders on the register on 22 Aug 2025; present: 5 promoters and 102 others; votes counted by A RAVI SHANKAR / A RAVI SHANKAR & Co.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.36% · promoters 100.00% · institutions 87.79% · other public 29.23%

  2. To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 together with the report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.36% · promoters 100.00% · institutions 87.79% · other public 29.23%

  3. To declare dividend on the Equity Shares for the financial year 2024-25, as recommended by the Board of Directors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.39% · promoters 100.00% · institutions 87.88% · other public 29.23%

  4. To appoint a Director in place of Sri A S N Raju (DIN:00017416) who retires by rotation and being eligible, offers himself for reappointment
    OrdinaryPromoters have an interest in it
    99.24% for0.76% against

    Against: promoters 0.00% · institutions 1.81% · other public 0.01%

    Turnout: all 62.39% · promoters 100.00% · institutions 87.88% · other public 29.23%

  5. To appoint a Director in place of Sri J V Ranga Raju (DIN:00020547) who retires by rotation and being eligible, offers himself for reappointment
    OrdinaryPromoters have an interest in it
    79.67% for20.33% against

    Against: promoters 0.00% · institutions 48.32% · other public 0.02%

    Turnout: all 62.39% · promoters 100.00% · institutions 87.88% · other public 29.23%

  6. To ratify the remuneration of the Cost Auditors for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.39% · promoters 100.00% · institutions 87.88% · other public 29.23%

  7. To appoint M/s. Ravi & Subramanyam, Company Secretaries as the Secretarial Auditors of the Company for a term of five (5) consecutive financial years commencing from F.Y. 2025-26
    Ordinary
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.23% · other public 0.00%

    Turnout: all 62.38% · promoters 100.00% · institutions 87.87% · other public 29.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Nov 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To consider and approve Material Related PartynTransactions to be entered into between the Companynand/ or its subsidiary with related parties in relation to,ndesign, construction, and operation of a twin tunnel fromnFilm City, Goregaon to Khindipada (Amar Nagar) Mulundnincluding box tunnel (cut and cover) at Film City along withnthe electrical, mechanical and associated works (“Project”).MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 28.51% · promoters 0.00% · institutions 84.06% · other public 1.96%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Sep 2024, 7 resolutions

Present: 16 promoters and 70 others.The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt:n(a)tthe audited standalone financial statements of the Company for the financial year ended 31st March 2024 together with the reports of the Board of Directors and the Auditors thereon.nn(b)tthe audited consolidated financial statements of the Company for the financial year ended 31st March 2024, together with the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 62.74% · promoters 100.00% · institutions 80.03% · other public 31.44%

  2. To declare dividend on the Equity Shares for the financial year 2023-24 as recommended by the Board of Directors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.94% · promoters 100.00% · institutions 80.61% · other public 31.44%

  3. To appoint a Director in place of Sri A V N Raju (DIN 00018965) who retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    96.87% for3.13% against

    Against: promoters 0.00% · institutions 7.31% · other public 0.01%

    Turnout: all 62.94% · promoters 100.00% · institutions 80.61% · other public 31.43%

  4. To appoint a Director in place of Sri Utpal Sheth (DIN 00081012) who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    93.09% for6.91% against

    Against: promoters 0.00% · institutions 16.15% · other public 0.03%

    Turnout: all 62.94% · promoters 100.00% · institutions 80.61% · other public 31.44%

  5. To ratify the remuneration of the Cost Auditors for the financial year ended 31st March 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 62.84% · promoters 100.00% · institutions 80.31% · other public 31.44%

  6. To consider and approve payment of Commission to the Non-Executive Directors of the Company.
    Special
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.61% · other public 0.02%

    Turnout: all 62.94% · promoters 100.00% · institutions 80.61% · other public 31.44%

  7. To consider and approve appointment of Sri Rajender Mohan Malla (DIN: 00136657) as an Independent Director of the company.
    Special
    97.51% for2.49% against

    Against: promoters 0.00% · institutions 5.82% · other public 0.01%

    Turnout: all 62.94% · promoters 100.00% · institutions 80.61% · other public 31.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Mar 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. To consider and approve the appointment ofnSri Ramesh Kailasam (DIN: 07648920) as an IndependentnDirector of the Company
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.30% · other public 0.03%

    Turnout: all 67.07% · promoters 99.94% · institutions 83.97% · other public 34.65%

  2. To consider and approve the appointment ofnSmt Uma Shankar (DIN: 07165728) as an IndependentnDirector of the Company
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.30% · other public 0.03%

    Turnout: all 67.07% · promoters 99.94% · institutions 83.97% · other public 34.65%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Nov 2023, 3 resolutions

The company's voting result (opens in a new tab)

  1. To consider and approve enhancement in the Borrowing Powers of the Company
    Special
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 2.81% · other public 0.02%

    Turnout: all 64.90% · promoters 99.87% · institutions 81.47% · other public 34.17%

  2. To consider and approve for creation of security/ charge on the properties of the Company for the enhanced borrowing powers
    Special
    98.78% for1.22% against

    Against: promoters 0.00% · institutions 2.81% · other public 0.02%

    Turnout: all 64.90% · promoters 99.87% · institutions 81.47% · other public 34.17%

  3. To consider and approve the Reappointment of Sri A S N Raju (DIN-00017416) as a Whole time Director of the Company and the remuneration payable to him
    SpecialPromoters have an interest in it
    75.97% for24.03% against

    Against: promoters 0.00% · institutions 55.61% · other public 0.04%

    Turnout: all 64.90% · promoters 99.87% · institutions 81.47% · other public 34.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Sep 2023, 6 resolutions

Present: 10 promoters and 71 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: (a) the audited standalone financial statements of the Company for the financial year ended 31st March 2023 together with the reports of the Board of Directors and the Auditors thereon. (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2023, together with the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 66.72% · promoters 100.00% · institutions 81.59% · other public 38.99%

  2. To declare dividend on the Equity Shares for the financial year 2022-23 as recommended by the Board of Directors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.49% · promoters 100.00% · institutions 83.86% · other public 38.99%

  3. To appoint a Director in place of Sri A S N Raju (DIN 00017416) who retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    96.51% for3.49% against

    Against: promoters 0.00% · institutions 8.35% · other public 0.00%

    Turnout: all 67.49% · promoters 100.00% · institutions 83.86% · other public 38.99%

  4. To appoint a Director in place of Sri A G K Raju (DIN 00019100) who retires by rotation and being eligible, offers himself for reappointment.
    OrdinaryPromoters have an interest in it
    72.41% for27.59% against

    Against: promoters 0.00% · institutions 66.08% · other public 0.00%

    Turnout: all 67.49% · promoters 100.00% · institutions 83.86% · other public 38.99%

  5. To ratify the remuneration of the Cost Auditors for the financial year ended 31st March 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.49% · promoters 100.00% · institutions 83.86% · other public 38.99%

  6. To consider and approve the continuation of Sri Hemant M Nerurkar (DIN: 00265887) as an Independent Director beyond the age of 75 years, upto completion of his present term
    Special
    91.30% for8.70% against

    Against: promoters 0.00% · institutions 9.68% · other public 18.18%

    Turnout: all 67.49% · promoters 100.00% · institutions 83.86% · other public 38.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 27 Aug 2026, 10 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon.MoreLess
    10 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the report of the Auditors thereon.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of indirect subsidiaries on the website of the Company.
    • Edelweiss Mutual Fund, Navi Mutual FundUnqualified financial statements. Non-Compliant with S. 136(1) of the Companies Act & Regulation 46(2)(s) of SEBI LODR: Nondisclosure of the audited financial statements of indirect subsidiaries on the website of the Company.
    7 for3 against
  • To declare a dividend of Rs.2.20 per equity share for the financial year 2025-26, as recommended by the Board of Directors.
    10 for0 against
  • To appoint a Director in place of Sri A G K Raju (DIN:00019100), who retires by rotation and being eligible, offers himself for reappointment.
    Against DSP Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual Fund
    • DSP Mutual Fund, Jio BlackRock Mutual Fund, Old Bridge Mutual FundA G K Raju, 67, is promoter and Executive Director: Finance, HR, Purchase and administration. He has served on the board since March 1990. He attended seven out of eight (87.5%) board meetings held in FY26. While his reappointment is in line with regulations, the company has five family members on the board as executive directors (and several in office of profit positions), which is disproportionate for the size of business. This practice deters from attracting the right talent to the company. We also raise concern that he is a part of the Audit Committee (AC). We believe the Audit Committee should constitute of non-tenured/non-conflicted independent directors. We do not support the resolution.
    7 for3 against
  • To appoint a Director in place of Sri Utpal H Sheth (DIN:00081012), who retires by rotation and being eligible, offers himself for reappointment.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund
    • Angel One Mutual FundGovernance Concern: The proposed director is a member of Nomination & Remuneration Committee and the remuneration practice of the Company appears Skewed & Unfair.
    • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern identified w.r.t. his profile, time commitment and attendance performance. Governance Concern: The proposed director is a member of NRC and the remuneration practice of the Company appears Skewed & Unfair.
    7 for3 against
  • To ratify the remuneration of the Cost Auditors for the financial year ended March 31, 2026.
    10 for0 against
  • To reappoint Sri A V N Raju (DIN:00018965) as a Wholetime Director of the Company and the remuneration payable to him.
    10 for0 against
  • To approve the remuneration payable to Smt. Kausalya Bhupathi Raju, Director (Commercial), as a Related Party Transaction.
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, Old Bridge Mutual Fund, Sundaram Mutual Fund
    • Angel One Mutual FundGovernance and Transparency Concern: The proposed increase in remuneration, if considered higher limits, appears to be excessive and neither adequate disclosure has been provided to justify the same nor objective disclosures on quantum of increase in periodic term.
    • DSP Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundMs. Kausalya Bhupathi Raju, Associate Director, is sister of A A V Ranga Raju (Managing Director), A G K Raju (ED), A S N Raju (ED) and A V N Raju (ED). The company proposes to appoint her as Director (Commercial), holding office of profit, not on Board. We estimate her annual compensation at Rs. 7.2 mn. We raise concerns over the excessive number of promoter family members on the board: there are five promoter executives on the board and several others already in office of profit positions. This practice deters from attracting the right talent to the company. We do not support the resolution.
    • Edelweiss Mutual Fund, Navi Mutual Fund, Old Bridge Mutual FundCompliant with law. No concern identified on the merit of the proposed appointee. Governance and Transparency Concern: The proposed increase in remuneration, if considered higher limits, appears to be excessive and neither adequate disclosure has been provided to justify the same nor objective disclosures on quantum of increase in periodic term.
    3 for7 against

Mutual fund votes, meeting of 27 Jan 2026, 29 fund houses

  • To consider and approve appointment of Sri Sumit Banerjee (DIN: 00213826) as an Independent Director of the Company.
    29 for0 against
6 earlier meetings

Mutual fund votes, meeting of 29 Aug 2025, 28 fund houses

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and the Auditors thereonMoreLess
    28 for0 against
  • To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 together with the report of the Auditors thereon
    28 for0 against
  • To declare dividend on the Equity Shares for the financial year 2024-25, as recommended by the Board of Directors of the Company
    28 for0 against
  • To appoint a Director in place of Sri A S N Raju (DIN:00017416) who retires by rotation and being eligible, offers himself for reappointment
    28 for0 against
  • To appoint a Director in place of Sri J V Ranga Raju (DIN:00020547) who retires by rotation and being eligible, offers himself for reappointment
    Against Axis Mutual Fund, Franklin Templeton Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Unifi Mutual Fund, UTI Mutual Fund
    • Axis Mutual Fund, Jio BlackRock Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, Unifi Mutual Fund, UTI Mutual FundJ V Ranga Raju, 66, is one of the promoters and Executive Director of the company. He has over for decades of experience in the construction industry. He also has active interests in the hospitality and education sectors. He is associated with the company since inception and is serving on the board since March 1990. He has attended six out of nine (67%) of the board meetings held in FY25 and 16 out of 23 (69.5%) of the board meetings held in the last three years. We expect directors to attend all board meetings. We have a threshold of 75% attendance over a three-year period. We raise concerns over the excessive number of family members on the board: the company has five promoter Executive directors on the board and several in office of profit positions. We do not support the resolution.
    • Franklin Templeton Mutual FundA vote AGAINST the following nominee is warranted because: • Jampanna Venkata Ranga Raju has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    • Invesco Mutual FundJ V Ranga Raju, 66, is one of the promoters and Executive Director of the company. He has over for decades of experience in the construction industry. He also has active interests in the hospitality and education sectors. He is associated with the company since inception and is serving on the board since March 1990. He has attended six out of nine (67%) of the board meetings held in FY25 and 16 out of 23 (69.5%) of the board meetings held in the last three years. We expect directors to attend all board meetings. We have a threshold of 75% attendance over a three-year period. We raise concerns over the excessive number of family members on the board: the company has five promoter Executive directors on the board and several in office of profit positions. We do not support the resolution
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    19 for9 against
  • To ratify the remuneration of the Cost Auditors for the financial year ended March 31, 2025
    28 for0 against
  • To appoint M/s. Ravi & Subramanyam, Company Secretaries as the Secretarial Auditors of the Company for a term of five (5) consecutive financial years commencing from F.Y. 2025-26
    28 for0 against

Mutual fund votes, meeting of 17 Nov 2024, 22 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To consider and approve Material Related PartynTransactions to be entered into between the Companynand/ or its subsidiary with related parties in relation to,ndesign, construction, and operation of a twin tunnel fromnFilm City, Goregaon to Khindipada (Amar Nagar) Mulundnincluding box tunnel (cut and cover) at Film City along withnthe electrical, mechanical and associated works (“Project”).MoreLess
    6 for0 against
2 proposals not matched to one resolution
  • Approve Material Related Party Transactions
    2 for0 against
  • To consider and approve Material Related Party Transactions with J Kumar - NCC Private Limited (JKNPL) for a Maximum value of transaction of Rs. 1000.00 Crores, J Kumar Infraprojects Limited (JKIL) for a Maximum value of transaction of Rs. 934.80 Crores and M/s. J. Kumar-NCC JV (UJV) for a Maximum value of transaction of Rs. 1750.00 Crores.MoreLess
    14 for0 against

Mutual fund votes, meeting of 14 Sep 2024, 23 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider, and adopt:n(a)tthe audited standalone financial statements of the Company for the financial year ended 31st March 2024 together with the reports of the Board of Directors and the Auditors thereon.nn(b)tthe audited consolidated financial statements of the Company for the financial year ended 31st March 2024, together with the report of the Auditors thereon.MoreLess
    20 for0 against
  • To declare dividend on the Equity Shares for the financial year 2023-24 as recommended by the Board of Directors of the Company.
    22 for0 against
  • To appoint a Director in place of Sri A V N Raju (DIN 00018965) who retires by rotation and being eligible, offers himself for reappointment.
    22 for0 against
  • To appoint a Director in place of Sri Utpal Sheth (DIN 00081012) who retires by rotation and being eligible, offers himself for reappointment.
    22 for0 against
  • To ratify the remuneration of the Cost Auditors for the financial year ended 31st March 2024
    22 for0 against
  • To consider and approve payment of Commission to the Non-Executive Directors of the Company.
    22 for0 against
  • To consider and approve appointment of Sri Rajender Mohan Malla (DIN: 00136657) as an Independent Director of the company.
    22 for0 against
2 proposals not matched to one resolution
  • 1. To receive, consider, and adopt: (a) the audited standalone financial statements of the Company for the financial year ended 31st March 2024 together with the reports of the Board of Directors and the Auditors thereon. (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2024, together with the report of the Auditors thereon. 2. To declare dividend on the Equity Shares for the financial year 2023-24 as recommended by the Board of Directors of the Company. 3. To appoint a Director in place of Sri A V N Raju (DIN 00018965) who retires by rotation and being eligible, offers himself for reappointment. 4. To appoint a Director in place of Sri Utpal Sheth (DIN 00081012) who retires by rotation and being eligible, offers himself for reappointment. 5. To ratify the remuneration of the Cost Auditors for the financial year ended 31st March 2024 6. To consider and approve payment of Commission to the Non-Executive Directors of the Company 7. To consider and approve appointment of Sri Rajender Mohan Malla (DIN: 00136657) as an Independent Director of the company.MoreLess
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against

Mutual fund votes, meeting of 26 Mar 2024, 18 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To consider and approve the appointment ofnSri Ramesh Kailasam (DIN: 07648920) as an IndependentnDirector of the Company
    17 for0 against
  • To consider and approve the appointment ofnSmt Uma Shankar (DIN: 07165728) as an IndependentnDirector of the Company
    17 for0 against
1 proposal not matched to one resolution
  • 1. To consider and approve appointment of Sri Ramesh Kailasam (DIN: 07648920) as an Independent Director of the Company 2. To consider and approve appointment of Smt Uma Shankar (DIN: 07165728) as an Independent Director of the CompanyMoreLess
    1 for0 against

Mutual fund votes, meeting of 16 Nov 2023, 14 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To consider and approve enhancement in the Borrowing Powers of the Company
    14 for0 against
  • To consider and approve for creation of security/ charge on the properties of the Company for the enhanced borrowing powers
    12 for0 against
  • To consider and approve the Reappointment of Sri A S N Raju (DIN-00017416) as a Whole time Director of the Company and the remuneration payable to him
    Against Franklin Templeton Mutual Fund, Kotak Mahindra Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns in the executive's remuneration: • His remuneration is competitively positioned relative to companies in similar line of businesses. • His remuneration structure is open-ended with no absolute cap on commission or overall pay. • There are no disclosures on the threshold and target performance that he needs to achieve based on which payouts under commission and Exgratia will be made.
    • Kotak Mahindra Mutual FundA S N Raju, 66, is currently the Executive Director at NCC Ltd. He has more than 4 decades of expertise in the construction industry. He heads the buildings and transportation division of the company. His re-appointment is compliant by the law but since there is no cap placed on variable component of proposed remuneration, it raises a governance concern. Hence voting AGAINST .
    12 for2 against
1 proposal not matched to one resolution
  • Approve Pledging of Assets for Debt
    2 for0 against

Mutual fund votes, meeting of 8 Sep 2023, 13 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt: (a) the audited standalone financial statements of the Company for the financial year ended 31st March 2023 together with the reports of the Board of Directors and the Auditors thereon. (b) the audited consolidated financial statements of the Company for the financial year ended 31st March 2023, together with the report of the Auditors thereon.MoreLess
    13 for0 against
  • To declare dividend on the Equity Shares for the financial year 2022-23 as recommended by the Board of Directors of the Company.
    13 for0 against
  • To appoint a Director in place of Sri A S N Raju (DIN 00017416) who retires by rotation and being eligible, offers himself for reappointment.
    11 for0 against
  • To appoint a Director in place of Sri A G K Raju (DIN 00019100) who retires by rotation and being eligible, offers himself for reappointment.
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundAGK Raju, 64, is a part of the promoter group. He is currently designated as Executive Director and he looks after finance, purchase, HR and administration. He is associated with the company since inception and is serving on the board since March 1990. He has attended all six board meetings held in FY23. While his reappointment is in line with regulations, the company has five family members on the board as executive directors (and several in office of profit positions), which is disproportionate for the size of business. This practice deters from attracting the right talent to the company.
    10 for1 against
  • To ratify the remuneration of the Cost Auditors for the financial year ended 31st March 2023
    13 for0 against
  • To consider and approve the continuation of Sri Hemant M Nerurkar (DIN: 00265887) as an Independent Director beyond the age of 75 years, upto completion of his present term
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundRe-appointment is non-compliant with Section 149 (10) of Companies Act, 2013, upon completion of 2nd term his association/ tenure will exceed 10 years.
    • Nippon India Mutual FundAssociation will exceed ten years
    11 for2 against
2 proposals not matched to one resolution
  • Reelect A G K Raju as Director
    Against Franklin Templeton Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST the nominee is warranted, as he is an executive director serving on the audit committee.It is preferable that members of key board committees be limited to non-executive directors only, as the presence of executives on these committees may potentially undermine the committees' ability to provide independent oversight.
    1 for1 against
  • Reelect A S N Raju as Director
    2 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeMaharashtra Airport Development Company LtdSince 11 Aug 2025
    Matter is reserved for award.
  • Tax disputeGovt. of Madhya PradeshSince 11 Nov 2013
    Matter is sub-judice before the Tribunal
  • Tax disputeIOCLSince 1 Jul 2017
    Matter is sub-judice before the Tribunal
  • Tax disputeSAILSince 21 May 2018
    NCC has challenged the Arbitral Tribunal Award before the Delhi High Court. Proceedings are in progress.
  • Tax disputeSAILSince 21 May 2018
    Matter is sub-judice before the Tribunal
  • Tax disputeSEIL Energy India Limited (Sembcorp)Since 27 May 2017
    Matter is sub-judice before the Commercial Court, Hyderabad.
  • Tax disputePVVNLSince 8 Feb 2023
    PVVNL has challenged the Arbitration Award before the Commercial Court, Prayagraj. The proceedings are pending.
  • Tax disputePVVNLSince 8 Feb 2023
    PVVNL has challenged the Arbitration Award before the Commercial Court, Prayagraj. The proceedings are pending.
16 more
  • Tax disputePVVNLSince 8 Feb 2023
    PVVNL has challenged the Arbitration Award before the Commercial Court, Prayagraj. The proceedings are pending.
  • Tax disputePVVNLSince 8 Feb 2023
    PVVNL has challenged the Arbitration Award before the Commercial Court, Prayagraj. The proceedings are pending.
  • Tax disputeDGMAPSince 13 Dec 2023
    Matter is sub-judice before the Delhi High Court vide OMP(ENF) (COMM) 79/2024
  • Tax disputeCPWD, PatnaSince 18 Sep 2023
    The application under section 34 filed by CPWD, Patna before District Judge, Patna, Bihar to set aside the Arbitration Award, has been dismissed in favour of NCC. Employer preferred an appeal before the High Court of Patna under Sec. 37 of A&C Act. Proceedings in Progress.MoreLess
  • Tax disputeMinistry of Health and Family WelfareSince 7 Nov 2014
    Vide order dated 09.04.2026, the challenge application filed by Employer is dismissed by Hon'ble Delhi High Court. No appeal has been filed by Employer. The matter is settled between the parties for principle amount.MoreLess
    At the filing before: Vide order dated 09.04.2026, the challenge application filed by Employer is dismissed by Hon'ble Court
  • Tax disputeCCENEP MESSince 27 Feb 2017
    Challenging the Order of Division Bench of the Delhi High Court, MES has filed SLP before the Supreme Court of India. Proccedings are pending.
  • Tax disputeIndore Municipal CorporationSince 24 Mar 2015
    Matter is sub-judice before the Commercial Court, Indore
  • Tax disputeIndore Municipal CorporationSince 11 Jun 2015
    Matter is sub-judice before the Commercial Court, Indore
  • Tax disputeBihar Rajya Pul Nirman Nigam Ltd., & Ors.Since 17 Aug 2023
    Total Amount of Rs. 150 Crores has been received from BRPNNL. Matter remains settled. The petition is withdrawn before the Hon'ble Court.
    At the filing before: Matter is sub-judice before the Hon'ble Court. In the interim the parties have entered into an amicable settlement under which Bihar Rajya Pul Nirman Nigam Ltd (BRPNNL), has agreed to pay Rs. 150 Crs. BRPNNL released an amount of Rs. 144 Crores. The matter will be settled on receipt of the balance amount.MoreLess
  • Tax disputeSingareni CollieriesSince 5 Oct 2015
    Matter is sub-judice before the Hon’ble High Court
  • Tax disputeNIT, WarangalSince 6 Oct 2012
    Matter is sub-judice before the Hon’ble High Court
  • Tax disputeIncome Tax DepartmentSince 31 May 2014
    Matter is sub-judice before the High Court of Telangana
  • Tax disputeIncome Tax DepartmentSince 13 Jan 2017
    The case is yet to come up for hearing.
  • Tax disputeIncome Tax DepartmentSince 16 Jun 2023
    The case is yet to come up for hearing.
  • Tax disputeSingareni CollieriesSince 30 Sep 2013
    Matter is sub-judice before the High Court of Telangana
  • Tax disputeAAISince 20 Dec 2024
    Matter is sub-judice before the Tribunal

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.