Ministry of Commerce & Industry Declares No Encumbrance on MMTC Shares for Financial Year Ended March 31, 2026

The Ministry of Commerce and Industry, Government of India, has formally declared that no encumbrance was created on the equity shares of MMTC Limited — either directly or indirectly — during the financial year ended 31.03.2026. The disclosure was filed with both the National Stock Exchange of India Ltd and the Bombay Stock Exchange Limited on April 16, 2026.

Regulatory Disclosure Under SEBI Takeover Regulations

The declaration was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that every person who holds shares or voting rights in a listed company, along with persons acting in concert, must declare on an annual basis whether any encumbrance has been created on the shares held by them.

The key details of the disclosure are presented below:

Parameter: Details Disclosing Entity: Ministry of Commerce & Industry, Govt. of India Shareholder of Record: President of India, represented through Ministry of Commerce & Industry Equity Shares Held: 1,34,89,03,143 Encumbrance Status: Nil (No encumbrance, direct or indirect) Financial Year Covered: Year ended 31.03.2026 Disclosure Date: April 16, 2026 Regulation Invoked: Regulation 31(4), SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Authorised Signatory: Daya Shankar, Director, Department of Commerce

Filing Details

The disclosure was addressed simultaneously to the Listing Department of the National Stock Exchange of India Ltd, Bandra Kurla Complex, Mumbai, and the Department of Corporate Services of the Bombay Stock Exchange Limited, Dalal Street, Mumbai. The letter was signed by Daya Shankar, Director, Ministry of Commerce & Industry, Department of Commerce, Vanijya Bhawan, New Delhi, in the capacity of Authorised Signatory on behalf of the Ministry of Commerce & Industry.

A copy of the disclosure was also forwarded to the Company Secretary of MMTC Limited for information and record.

MMTC Limited has announced a change in its board composition with the cessation of Shri Asit Gopal as Government Nominee Director and the appointment of Ms. Nigar Fatima Husain as his replacement. The transition follows an official order from the Ministry of Commerce and Industry dated 28.04.2026.

Director Cessation Details

Shri Asit Gopal, who served as Government Nominee Director with DIN 08548124, completed his term on 28.04.2026. His cessation was communicated to the stock exchanges on 29.04.2026 in compliance with regulatory requirements under SEBI (LODR) Regulations 2015.

Parameter: Details Outgoing Director: Shri Asit Gopal DIN: 08548124 Position: Government Nominee Director Term Expiry: 28.04.2026 Designation: SS&FA

New Director Appointment

The Ministry of Commerce and Industry has appointed Ms. Nigar Fatima Husain as the new Government Nominee Director through Order No. 11/36/2001-FT(M&O)-Vol-I(i). The appointment is made under Article 87(2) of the Articles of Association of MMTC Limited and takes effect immediately.

Parameter: Details New Director: Ms. Nigar Fatima Husain Service: IDES:96 Designation: Additional Secretary & Financial Advisor Ministry: Commerce and Industry Appointment: With immediate effect Order Date: 28.04.2026

Regulatory Compliance and Communication

MMTC Limited has fulfilled its disclosure obligations by informing both stock exchanges about the directorship changes. The company indicated that it will update stock exchanges about the formal appointment of Ms. Nigar Fatima Husain once all paperwork is completed as per Company law requirements.

Ajay Kumar Misra, Company Secretary, signed the official communication sent to stock exchanges on 29.04.2026. The company received the Ministry order on 29.04.2026 and promptly communicated the changes to maintain transparency with stakeholders and ensure regulatory compliance.

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