MMTC Limited has notified the stock exchanges of a change in its Board of Directors, with the appointment of Ms. Nigar Fatima Husain as a Government Nominee Director. The intimation, filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was communicated by the Company Secretary on 11.05.2026. The appointment follows an office order bearing reference No. 11/36/2001 issued by the Department of Commerce, Ministry of Commerce & Industry, Government of India, dated 28.04.2026.

Appointment Details

The appointment was made in accordance with Article 87(2) of the Articles of Association of MMTC Limited, with the President of India approving the nomination. The filing was completed upon receipt of approval from Directors through a Resolution by Circulation. Key details of the appointment are summarised below:

Profile of Ms. Nigar Fatima Husain

Ms. Nigar Fatima Husain is an Indian Defense Estates Service Officer of the 1996 batch. She is presently posted as Additional Secretary & Financial Advisor at the Ministry of Commerce & Industry and the Ministry of Heavy Industries, Government of India. Her academic qualifications include a B.Sc. (Hons.) in Zoology from Kolkata University, an LLB from Delhi University, and a Post-Graduation in Sociology from Dr. Harisingh Gour Vishwavidyalaya, Sagar (M.P.).

Over the course of her career, Ms. Husain has held several senior administrative positions:

• Chief Executive Officer of Roorkee, Jhansi, Deolali, and Mhow Cantonments
• Deputy Director General, Defense Estates, overseeing Vigilance matters of the Department
• Additional Director General, Defense Estates, responsible for land matters pertaining to Defense land across the country
• Director in the Department of School Education and Literacy
• Joint Secretary in the Ministry of Minority Affairs, Government of India

Regulatory Disclosures

In compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, MMTC Limited has disclosed that Ms. Nigar Fatima Husain is not related to any of the existing Directors of the company. Additionally, Ms. Husain has confirmed that she is not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other such authority.

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:

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.