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.

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.

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.

MMTC Limited has notified stock exchanges regarding a significant change in its board composition, announcing the expiration of its Chairman and Managing Director's term scheduled for April 28, 2026.

Leadership Transition Details

The company informed both the National Stock Exchange and Bombay Stock Exchange that Shri Nitin Kumar Yadav, Additional Secretary (Ministry of Commerce) with Director Identification Number 03104045, will see his term as CMD (Additional Charge) expire on April 28, 2026.

Ministry Extension Status

MMTC Limited disclosed that while an extension of Shri Nitin Kumar Yadav's appointment is expected from the Ministry, it has not yet been received. This indicates the company is awaiting official confirmation from the government regarding the continuation of his leadership role.

Regulatory Compliance

The notification was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates listed companies to inform stock exchanges about material events and changes in directorship. Company Secretary Ajay Kumar Misra signed the official communication dated April 28, 2026.

Stock Exchange Communication

The formal intimation was sent to both major Indian stock exchanges where MMTC shares are listed:

• National Stock Exchange: Trading symbol MMTC
• Bombay Stock Exchange: Scrip code 513377

The government enterprise, which operates in the metals and minerals trading sector, emphasized that this disclosure is for information and record purposes of the exchanges and stakeholders.