MOIL GM Satish Kumar Asati retires effective July 1, 2026

0 min read     Updated on 02 Jul 2026, 06:02 AM
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MOIL Limited announced the resignation of General Manager (Electrical) Shri Satish Kumar Asati effective July 1, 2026, due to superannuation. The disclosure was made to stock exchanges under Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing was submitted by Neeraj Dutt Pandey, Company Secretary & Compliance Officer.

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MOIL Limited announced the resignation of Shri Satish Kumar Asati from the position of General Manager (Electrical) effective July 1, 2026, due to superannuation. The company disclosed this change in senior management to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notification, addressed to the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited, confirmed that the event occurred on July 1, 2026. Shri Satish Kumar Asati, an Indian national, held the PAN ADMPA2685A.

Details of the Change

The following table outlines the specifics of the management change:

Sr. No. Reason of Change Designation Name Nationality PAN Effective Date of reason for change Date of occurrence of Event
1. Superannuation GM (Electrical) Shri Satish Kumar Asati Indian ADMPA2685A 01.07.2026 01.07.2026

The filing was submitted by Neeraj Dutt Pandey, Company Secretary & Compliance Officer of MOIL Limited.

Historical Stock Returns for MOIL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%+1.43%-7.74%-20.86%-27.15%+44.98%

Who will be appointed as the successor to manage the Electrical department during this transition?

Will this management change impact MOIL's ongoing operational efficiency or expansion projects?

Is MOIL planning to restructure its senior management team further in the near future?

MOIL promoter declares no share encumbrance in FY26

1 min read     Updated on 13 Jun 2026, 01:00 AM
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The President of India, acting through the Ministry of Steel, declared no encumbrance of MOIL Limited shares during FY26. The disclosure was filed under SEBI (SAST) Regulations, 2011.

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The President of India, acting through the Ministry of Steel, has confirmed that no encumbrance was made on shares of MOIL Limited directly or indirectly during the financial year ended March 31, 2026. This declaration was submitted to the stock exchanges in compliance with regulatory requirements.

The disclosure was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Ministry of Steel represents the President of India as one of the promoters of MOIL Limited.

Declaration Details

The filing explicitly states that the promoter has not created any charge or lien on the company's shares during the specified period. The declaration was signed by Daya Nidhan Pandey, Joint Secretary to the Government of India, on behalf of the President of India.

Particulars Details
Promoter President of India (via Ministry of Steel)
Company MOIL Limited
Period Financial Year ended March 31, 2026
Regulation SEBI (SAST) Regulations, 2011, Reg 31(4)
Encumbrance Status No encumbrance

The document was addressed to the Listing Departments of the National Stock Exchange of India Ltd and BSE Limited for their information and records.

Historical Stock Returns for MOIL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%+1.43%-7.74%-20.86%-27.15%+44.98%

Does the absence of share encumbrance suggest the Ministry of Steel plans to maintain its current holding level in MOIL Limited?

How might this clean capital structure position MOIL for potential dividend declarations or future capital raising activities?

Could this declaration signal a shift in the government's disinvestment strategy regarding the manganese ore sector?

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