MMTC Limited concluded its 63rd Annual General Meeting on September 17, 2026, via video conferencing. Shareholders approved the adoption of standalone and consolidated financial statements for the year ended March 31, 2026.

The meeting also saw the appointment of four new directors to the board. These appointments were transacted under both ordinary and special business items as per the notice dated September 17, 2026.

Board Appointments

The shareholders passed resolutions to appoint the following individuals to the board:

Nigar Fatima Husain and A.K.M. Kashyap were appointed as Non-executive, Government Nominee Directors. Jatinderjit Singh Mann and Kundan Kumar Mishra were appointed in their respective functional roles.

Other Key Resolutions

The company authorized the Board of Directors to fix the remuneration of statutory and branch auditors for the financial year 2026-27. These auditors are appointed by the Comptroller & Auditor General of India under Section 139(5) of the Companies Act, 2013.

No director was liable to retire by rotation under Section 152(6) of the Companies Act, 2013. Consequently, no resolution for re-appointment was proposed under ordinary business.

Voting Process

Members could cast votes remotely from September 14, 2026, at 9:00 am to September 16, 2026, at 5:00 pm. E-voting was also available during the meeting for those who had not voted remotely. The results will be hosted on the company website, CDSL, and stock exchanges within the statutory timeframe.

MMTC Limited has appointed M/s R S P H & Associates as its statutory auditor for the financial year 2026-27. The appointment was made by the Comptroller & Auditor General of India (C&AG) under Section 139 of the Companies Act, 2013.

The C&AG issued the appointment letter on September 8, 2026, citing Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. MMTC received the formal order on September 16, 2026.

Auditor Acceptance and Compliance

M/s R S P H & Associates, Chartered Accountants (FRN: 003013N), accepted the appointment on September 16, 2026. The firm confirmed its eligibility under Section 141(3)(g) of the Companies Act, 2013, read with Rule 4 of the Companies (Audit and Auditors) Rules, 2014.

The audit firm stated that none of its partners or their relatives hold any security or interest in MMTC Limited or its subsidiaries. It also confirmed no indebtedness to the company exceeding prescribed limits.

Regulatory Framework

The supplementary and test audit for FY27 has been entrusted to the Director General of Audit (Industry and Corporate Affairs), I P Estate, New Delhi, under Sections 143(6) and (7) of the Companies Act, 2013.

Remuneration for the auditors will be regulated per Section 142 of the Companies Act, 2013, along with guidelines issued by the Department of Company Affairs dated April 8, 1976, and June 7, 1984. Any revision in audit fees for FY27 must be intimated once the accounts for FY26 are finalized.