MOIL moil has appointed Ajay Kolte as Deputy General Manager (Materials), effective August 3, 2026. This change in senior management, disclosed to the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited, places Kolte in charge of the company’s materials department as Head of Department.

The appointment was notified on August 3, 2026, by Neeraj Dutt Pandey, Company Secretary & Compliance Officer of MOIL Limited. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely reporting of changes in senior management defined under Regulation 16(1)(d) of the SEBI (LODR) Regulations, 2015.

Appointment Details

Ajay Kolte brings a background in production engineering and business management to the role. His qualifications include a Bachelor of Engineering (Production), a Post Graduate Diploma in Business Management (PGDBM), and a Master of Business Administration with specializations in Marketing and Human Resources.

Kolte’s term of appointment is governed by the service rules of MOIL Limited. The designation as Head of Department Materials signifies his responsibility for overseeing material procurement, inventory management, and related operational functions within the manganese ore enterprise.

Regulatory Compliance

The notification, bearing reference number CS/NSE-BSE/2026-27/142, confirms that the change is administrative in nature, aimed at strengthening the management structure of the materials division. No financial implications or strategic shifts were disclosed alongside this personnel change. The company continues to operate under its existing governance framework, with this appointment ensuring continuity in departmental leadership.

MOIL Limited has announced a price reduction across most of its manganese ore product lines for August 2026, effective from midnight on July 31, 2026. The Government of India enterprise adjusted its pricing structure in line with prevailing market conditions, marking a shift from the rates that were in effect since July 1, 2026. This adjustment impacts both high-grade ferro manganese ores and lower-grade variants, signaling a broad-based correction in the company's revenue realization per unit. The price revision was communicated to the National Stock Exchange of India Ltd and the Bombay Stock Exchange Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, via a filing dated August 1, 2026.

Price Reductions by Grade

The company implemented a tiered approach to the price cuts, distinguishing between higher-grade ferro ores and other industrial grades. The specific adjustments are outlined below:

These reductions apply to the prices prevailing since July 1, 2026. The decision to cut prices by a wider margin of 5% for lower-grade ferro ores, chemical grades, SMGR grades, and fines suggests softer demand or increased competitive pressure in these specific segments compared to the premium ferro grades.

Unchanged Pricing for EMD Products

While most manganese ore grades faced price cuts, MOIL maintained stability in its Electrolytic Manganese Dioxide (EMD) segment. The basic price of EMD remains fixed at ₹1,80,000 per metric tonne (PMT), and the basic price of EMD flakes continues at ₹1,71,000. These prices are held constant for August 2026, indicating that the demand-supply dynamics for battery-grade manganese dioxide remain distinct from those of metallurgical and chemical-grade ores.

Key Takeaways

The differential pricing strategy highlights a divergence in market conditions across MOIL's product portfolio. The 4% cut for high-grade ferro manganese (Mn-44%+) versus the 5% cut for lower-grade and chemical variants suggests that premium metallurgical grades retain slightly more pricing power than their counterparts. However, the universal decline across these categories points to a broader softening in the manganese ore market. Neeraj Dutt Pandey, Company Secretary & Compliance Officer of MOIL Limited, signed the disclosure. The company's registered office is located at MOIL Bhavan, 1A, Katol Road, Nagpur.