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.

MMTC Limited published the notice for its 63rd Annual General Meeting in Business Standard on August 24, 2026. The meeting is scheduled for September 17, 2026, at 11:00 am via video conferencing. Shareholders will appoint four new directors and adopt audited financials for FY26.

The government-owned enterprise will transact both ordinary and special business items during the session. Shareholders can participate remotely using the VC/OAVM facility provided by Central Depository Services Ltd (CDSL). The deemed venue for the meeting is the company's registered office in New Delhi.

Board Appointments

The primary focus of the special business is the appointment of four individuals to the board. Two directors will be appointed under ordinary business, while two others will be appointed as non-executive, government nominee directors under special business.

Ordinary Business Appointments

Shareholders will consider the appointment of Jatinderjit Singh Mann as Director (Marketing) and Kundan Kumar Mishra as Director (Finance) and Chief Financial Officer. Both appointments are liable to retire by rotation.

Mann brings experience from NTPC Ltd, where he served as AGM (Marketing/Consultancy). Mishra has over 28 years of experience, including roles at KBUNL, a subsidiary of NTPC.

Special Business Appointments

The board seeks approval for the appointment of Ms. Nigar Fatima Husain and Shri A.K.M. Kashyap as Non-executive, Government Nominee Directors. These appointments were initially made by the President of India and the Board of Directors but require shareholder ratification.

Husain, a senior civil servant with expertise in national policy execution and defense land management, was appointed by the Ministry of Commerce & Industry on April 28, 2026. Kashyap, who holds an M.Sc. in Chemistry and has served in the Department of Supply, was appointed on November 25, 2025.

Both Husain and Kashyap draw their remuneration from the Government of India as they are holding additional charges. Neither director holds equity shares in MMTC Limited as of March 31, 2026.

Other Agenda Items

Under ordinary business, shareholders will also adopt the Audited Standalone and Consolidated Financial Statements for FY26. This includes reviewing the Directors' Report, Statutory Auditors' Report, and comments from the Comptroller & Auditor General of India (C&AG).

Additionally, the meeting will authorize the Board to fix the remuneration of Statutory Auditors for FY27, who are appointed by the C&AG under Section 139(5) of the Companies Act, 2013. No director is liable to retire by rotation under ordinary business this year.

Voting and Participation Details

Remote e-voting is open from September 14, 2026, to September 16, 2026. The cut-off date for shareholding eligibility is September 10, 2026. Shareholders holding shares in physical or demat mode can vote electronically through CDSL or NSDL platforms.

The register of members and share transfer books will remain closed from September 11, 2026, to September 17, 2026. M/s AK & Associates has been appointed as the scrutinizer for the e-voting process.