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.

MMTC Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The Government of India enterprise, which ceased its primary trading and warehousing business following a Ministry of Commerce order in April 2022, continues to exist primarily as a wind energy generator.

Operational Status and Revenue

The company’s consolidated turnover for FY26 stood at ₹341.05 lakh, a significant increase from ₹269.35 lakh in FY25. This revenue growth is driven almost exclusively by its wind energy generation activities, which account for 99.50% of total turnover. The entity operates nine offices across India but has no plants or international locations. With commercial operations halted, MMTC reported zero exports and no value chain partners.

What the Numbers Show

A clear divergence exists between the company’s operational scale and its legal liabilities. While revenue is minimal, the BRSR details significant ongoing litigation. Notably, an arbitration award against Anglo Coal remains under execution, with the Delhi High Court directing the release of deposited funds. Additionally, disputes with KISPL regarding customs penalties are pending before the Supreme Court and Delhi High Court. These legal obligations persist despite the cessation of the underlying trade activities that generated them.

Human Capital and Governance

MMTC employed 245 permanent staff at the end of FY26, comprising 80% men and 20% women. There were no workers on payroll. The employee turnover rate for permanent staff fell to 11.57% in FY26, down from 18.23% in FY25 and 32.76% in FY24. All permanent employees are covered by Provident Fund and Gratuity schemes. The Board of Directors includes two women, representing 22.22% of the total.

Environmental and Social Compliance

Consistent with its limited operational footprint, MMTC reported zero consumption of water, electricity, or fuel, and zero greenhouse gas emissions for FY26. No waste was generated or disposed of during the period. The entity confirmed compliance with applicable environmental laws but noted it has no mechanism for zero liquid discharge or waste management due to ceased operations. No complaints related to human rights, sexual harassment, or workplace discrimination were received from employees or stakeholders.