MOIL Limited has ceased Mirza Mohammed Abdulla from the post of Director (Production & Planning) effective September 1, 2026. The exit follows his attainment of the age of superannuation on August 31, 2026.

The Ministry of Steel, Government of India, issued order number S-14014/1/2025-BLA-Part 1 dated August 24, 2026, assigning the additional charge of the role to Smt. Rashmi Singh, Director (Commercial). She will hold this position for an initial period of three months, from September 1, 2026, to November 30, 2026.

The appointment remains valid until the joining of a regular incumbent or until further orders, whichever occurs earlier. The company disclosed this development in a filing with the National Stock Exchange and Bombay Stock Exchange on September 1, 2026.

Key Personnel Changes

• Mirza Mohammed Abdulla ceased as Director (Production & Planning) on September 1, 2026
• Rashmi Singh assigned additional charge of Director (Production & Planning) w.e.f. September 1, 2026
• Additional charge period extends until November 30, 2026 or till regular incumbent joins

MOIL Limited was fined a total of ₹18,00,680 by India’s two major stock exchanges for regulatory lapses. The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) imposed equal penalties of ₹9,00,340 each on the government-owned manganese ore miner.

The fines were levied for non-compliance with provisions regarding the composition of the Board and various Board Committees. This violation pertains to the quarter ended June 30, 2026. The company received the orders from both exchanges on August 25, 2026.

Regulatory Disclosure

The penalty disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, it falls under Para-A of Part-A of Schedule-III of the SEBI (LODR) Regulations, 2015. Neeraj Dutt Pandey, Company Secretary and Compliance Officer, signed the communication dated August 27, 2026.

Operational Impact

MOIL stated that the financial penalties have no impact on its operations or other activities. The amounts cited include Goods and Services Tax (GST). No further details on the specific nature of the board composition gaps were provided in the filing.