MSTC Ltd

MSTC Limited announced that the Government of India, through the Ministry of Steel, has assigned additional charge of the Director (Commercial) post to Shri Manobendra Ghoshal, the current Chairman & Managing Director. This assignment is for an initial period of three months, effective from November 1, 2026, to January 31, 2027. The charge will remain until a regular incumbent is appointed or until further orders are issued, whichever occurs first. This interim arrangement aims to ensure continuity in the commercial operations of the company.

MSTC Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026. The report, issued by a Practising Company Secretary as per SEBI regulations, confirms the reconciliation of the company's share capital. The issued capital stands at 70,400,000 shares, with listed capital also at 70,400,000 shares. The shares are held in dematerialised form across CDSL (10,155,158 shares, 14.42%) and NSDL (60,104,942 shares, 85.38%), with a small portion (139,900 shares, 0.20%) held in physical form. The register of members is updated, and there are no significant differences or pending issues to report for the quarter.

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

MSTC Ltd has announced the appointment of M/s. Mookherjee Biswas & Pathak, Chartered Accountants, Kolkata as its Statutory Auditor for the Financial Year 2026-27. This appointment was made by the Comptroller and Auditor General of India. The firm, M/s. Mookherjee Biswas & Pathak, has over 56 years of experience in professional services and is registered with the Institute of Chartered Accountants of India and the Comptroller & Auditor General of India. The filing also includes a brief profile of the appointed auditors.

MSTC Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as mandated by SEBI Listing Regulations. The report details the company's operations, employee data, and market presence. MSTC's primary business activities include e-auction, e-procurement, and software solutions, accounting for 93.11% of its turnover. The company serves a diverse customer base, including government entities, public sector undertakings, institutional bodies, and private industry leaders, as well as smaller organizations and MSMEs. The report also provides employee statistics, including details on differently-abled employees, and confirms the reporting boundary is standalone.

MSTC Ltd has submitted its Annual Report for the financial year 2025-26, along with the Notice of its 61st Annual General Meeting (AGM). The AGM is scheduled for September 24, 2026, at 11:00 AM, to be conducted via Video Conferencing. Key agenda items include the adoption of audited standalone and consolidated financial statements, confirmation of interim dividend and declaration of final dividend for FY25-26, appointment of a director retiring by rotation, authorization for fixing statutory auditor remuneration, and the appointment of Shri Siraiong Singpho as an Independent Director.

MSTC Ltd has announced the record date for determining entitlement to the final dividend for the financial year 2025-26. The company will hold its 61st Annual General Meeting (AGM) on September 24, 2026, where the final dividend, if declared, will be proposed. The Register of Members and Share Transfer Books will be closed from September 18 to September 24, 2026. The record date is fixed as September 17, 2026. The proposed final dividend is ₹8.10 per equity share, in addition to an interim dividend of ₹7.60 per share already paid.

MSTC Ltd has announced its 61st Annual General Meeting (AGM) will be held on September 24, 2026, via Video Conferencing. The meeting agenda includes adopting financial statements for FY26, confirming an interim dividend of ₹7.60 per share, and proposing a final dividend of ₹8.10 per share for FY25-26. The company also plans to appoint a director retiring by rotation and authorize the board to fix statutory auditor remuneration for FY26-27. Additionally, Shri Siraiong Singpho is proposed for appointment as an Independent Director. The Register of Members and Share Transfer Books will be closed from September 18 to September 24, 2026, for AGM and dividend purposes. The record date for the dividend is September 17, 2026.

MSTC Ltd announced that its shareholders have approved an amendment to the company's Memorandum of Association (MoA) through a special resolution passed via postal ballot. The amendment involves inserting a new clause to allow the company to engage in the business of travel agencies, tour operators, and tourist agents, including allied activities, through web-based platforms or otherwise. This strategic expansion diversifies MSTC's business interests beyond its existing operations.

MSTC Ltd has been fined ₹5,36,900 (including GST) by both BSE and NSE for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015, concerning board composition for the quarter ended June 30, 2026. The company clarified that director appointments are solely controlled by the Government of India through the Ministry of Steel. Following the nomination of two Independent Directors by the Ministry of Steel on July 14, 2026, and their subsequent appointment by the Board on July 18, 2026, MSTC Ltd has achieved full compliance. The company has requested a waiver of the levied fines, stating the non-compliance was beyond its control and did not impact its operations or financials.