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.

MMTC PAMP has called for better gold recycling schemes in India, batting for incentives that could help unlock household gold stock and revive domestic refiners, according to a newspaper report.

Push for gold recycling reform

MMTC PAMP has highlighted the need for structured incentives to encourage households to bring their gold holdings into the formal recycling ecosystem. The company's position, as reported in the press, underscores a broader concern about the underutilisation of gold held by Indian households and its potential impact on the domestic refining industry.

By channelling household gold into formal recycling channels, MMTC PAMP contends that domestic refiners could gain access to a significant and largely untapped source of raw material, potentially strengthening the operational viability of the refining sector in India.