Mishra Dhatu Nigam Limited has announced the conclusion of tenure for three Part-time Non-official Independent Directors, effective April 17, 2026. The company informed both BSE and NSE about this board composition change through a regulatory filing under Regulation 30 of SEBI LODR.

Directors Whose Tenure Concluded

The following table details the three directors whose tenure has concluded:

Regulatory Compliance and Background

The tenure conclusion follows the directive issued by the Ministry of Defence through Letter No. 11(70)/2021/Misc./D(NS) dated April 18, 2025. This represents a planned transition that was previously communicated to the exchanges through an earlier intimation dated April 18, 2025.

Company Communication

The disclosure was signed by Paul Antony, Company Secretary & Compliance Officer, and filed with the stock exchanges on April 18, 2026. The communication emphasized that this information is being shared for the knowledge of the exchange and company members.

About the Company

Mishra Dhatu Nigam Limited operates as a Government of India enterprise with its registered office located at P.O. Kanchanbagh, Hyderabad, Telangana. The company trades on stock exchanges under the symbol MIDHANI with scrip code 541195 on BSE.

Mishra Dhatu Nigam Limited (MIDHANI) has announced record-breaking financial performance for FY 2025-26, achieving its highest-ever sales despite facing significant supply chain challenges. The government enterprise demonstrated resilience and strategic execution in navigating geopolitical disruptions while delivering strong growth across multiple business segments.

Record Financial Performance

MIDHANI's financial results for FY 2025-26 showcase exceptional growth momentum:

The company's provisional and unaudited figures reflect successful execution despite significant geopolitical disruptions affecting raw material supply chains. Strategic planning and execution successfully mitigated potential production impacts.

Key Business Drivers and Product Deliveries

The growth was primarily driven by strategic supplies to critical sectors including aerospace, defense, and space applications. Key contributors included supply of superalloys and titanium alloys for indigenous aero-engine programs, alongside performance-critical materials for the Indian Navy and Indian space sectors.

Notable deliveries during the year featured:

• Nickel-based single crystal cast sticks for aerospace applications
• Wrought superalloy bars and rolled rings for aerospace sector
• High-strength low-alloy steels for naval applications
• 31 numbers of titanium alloy windows for Shri Ram Mandir, Ayodhya - marking the first architectural use of titanium in India
• Approximately 90 tons of armour steel for Republic Day Presidential Dais

Major Achievements and Certifications

MIDHANI achieved several significant milestones during FY 2025-26:

Business Expansion and New Capabilities

The company has successfully transitioned from being primarily a raw material supplier to an integrated product company. New and expanded business areas include:

• Aerospace fasteners
• Superalloy and titanium castings
• Welding consumables
• Titanium fabricated structures

MIDHANI has also executed up-armouring of vehicles for different state police forces, meeting side mine blast proof requirements in light motor vehicles.

Technology Transfer and Strategic Partnerships

The company obtained technology transfer from IIT Delhi for manufacturing ABHED bullet proof jackets, recognized as one of the world's lightest BIS level 6 for API protection. Additionally, MIDHANI signed an MoU with different stakeholders for creating a Metal Bank to ensure uninterrupted availability of critical raw materials for defense projects of national importance.

MIDHANI's performance in FY 2025-26 demonstrates the company's ability to deliver consistent growth while expanding its product portfolio and strengthening its position as a critical supplier to India's defense, aerospace, and strategic sectors.