MSTC Ltd

MSTC Ltd has announced the appointment of Shri Siraiong Singpho and Shri Niwas Mandal as Non-Official Independent Directors to its Board. This appointment is effective from July 18, 2026, for a term of three years or until further orders, as per the directive from the Ministry of Steel, Government of India. Both appointees are unrelated to existing directors or key management personnel and are not debarred from holding directorships. Shri Singpho brings experience as a businessman and social activist, while Shri Mandal is an advocate with extensive experience and a background in advisory roles for wildlife boards. This move strengthens the board's composition with independent expertise.

MSTC Ltd has received an order from the Ministry of Steel, Government of India, appointing Shri Siraiong Singpho and Shri Niwas Mandal as Non-Official Independent Directors to its Board. Their tenure will be for a period of three years from the date of notification or until further orders, whichever is earlier. Both appointees are unrelated to any existing Director or Key Managerial Personnel of the company and are not debarred from holding directorships by any regulatory authority. Further details will be provided in due course as required by SEBI regulations.

MSTC Limited's Board of Directors, in a meeting held on July 10, 2026, approved an alteration to the Objects clause of its Memorandum of Association. This alteration, which was previously approved by the administrative ministry on July 3, 2026, will allow the company to engage in the business of travel agencies, tour operators, and allied activities. Shareholder approval will be sought via postal ballot. The board meeting commenced at 12:30 PM IST and concluded at 1:15 PM IST.

MSTC Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure will be effective from July 1, 2026, and will continue until 48 hours after the announcement of the company's unaudited financial results for the quarter ended June 30, 2026. During this period, insider trading is prohibited, ensuring fair market practices.

MSTC Ltd's board approved audited financial results for the quarter and year ended March 31, 2026, recommending a final dividend of ₹8.10 per equity share (81%) for FY26, subject to shareholder approval at the upcoming AGM. The dividend will be paid within 30 days of declaration at the AGM. The board also gave preliminary consent for alteration in the Objects clause of the Memorandum of Association (MoA) to include travel agency business, pending administrative ministry and shareholder approvals. The AGM will be held on September 24, 2026, via video conferencing.

MSTC Ltd's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a final dividend of ₹8.10 per equity share (81%) for FY 2025-26, subject to shareholder approval at the upcoming AGM. The dividend will be paid within 30 days of declaration at the AGM. The board also gave preliminary consent for alteration in the Objects clause of the Memorandum of Association (MoA) to include travel agency business, pending approvals. The AGM will be held on September 24, 2026, via video conferencing.

MSTC Ltd's Board approved audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹8.10 per equity share (81% of paid-up equity) for FY26, subject to shareholder approval at the AGM. The board also gave preliminary consent for altering the Objects clause in the Memorandum of Association to include travel agency and tour operator services, pending administrative ministry and shareholder approvals. The AGM will be held on September 24, 2026, via video conferencing.

MSTC Ltd's Board of Directors approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹8.10 per equity share (81% of paid-up equity) for FY26, subject to shareholder approval at the upcoming AGM on September 24, 2026, to be held via video conferencing. The board also gave preliminary consent for alteration in the Objects clause of the Memorandum of Association (MoA) to include travel agency business, pending administrative ministry and shareholder approvals. The meeting concluded at 5:45 p.m.

BSE Limited has levied a fine of ₹5,31,000 (including GST) on MSTC Limited for the quarter ended March 31, 2026. The fine is for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015, pertaining to the composition of the Board. MSTC clarified that as a Mini Ratna Category-I PSU, the appointment of directors, including independent directors, rests with the Government of India (Ministry of Steel), and the company has no role in these appointments. MSTC stated that the non-compliance was not due to its negligence and that it is continuously following up with the Ministry of Steel for nominations. The company has requested BSE to waive the fine, asserting that it has no impact on its financial, operational, or other activities.

MSTC Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board will also consider recommending a final dividend for the financial year 2025-26, if any. The trading window for dealing in the company's securities remains closed from April 1, 2026, to May 31, 2026.