MOIL Limited has announced comprehensive price increases across its manganese ore product range, effective from April 1, 2026. The state-owned manganese ore mining company has implemented a tiered pricing strategy with increases ranging from 15% to 17.5% across different product categories, with ferrosilicon and chemical grades seeing the highest increases.

Price Revision Details

The company has structured its price increases based on product specifications and manganese content levels. The pricing strategy reflects differential treatment for various grades of manganese ore and related products, with ferro grades receiving more favorable treatment based on higher manganese content.

EMD Pricing Maintained

While most product categories have seen price increases, MOIL has maintained the basic price of ₹1,80,000 per metric ton (PMT) for Electrolytic Manganese Dioxide (EMD) for April 2026. This price level has been continued from the rates prevailing since March 1, 2026.

Implementation Timeline

The price revisions became effective from midnight of March 31, 2026/April 1, 2026, applying to the month of April 2026. All increases are calculated based on the prices that were prevailing since March 1, 2026, providing a clear baseline for the percentage adjustments.

Regulatory Compliance

MOIL has communicated these price changes to stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that these price adjustments align with its established business practice of periodic price fixing and revision for manganese ore and other products.

The announcement was made through official communication to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, ensuring transparent disclosure to stakeholders and the investment community.

MOIL Limited has received a GST demand order worth ₹1,27,68,306 from tax authorities in Madhya Pradesh for alleged data mismatches during the financial year 2022-23. The order was received on March 31, 2026, at 6:40 PM from the Joint Commissioner of State Tax, Chhindwara Division, Jabalpur Zone.

GST Order Details

The order was issued in Form GST DRC-07 under Section 73 of the CGST/SGST Act, 2017, addressing alleged mismatches between GSTR-1, GSTR-3B and E-way Bill data, along with Input Tax Credit (ITC) related issues for the period April 2022 to March 2023.

Nature of Alleged Violations

The tax authorities have identified discrepancies in the reporting of outward supplies between GSTR-1 and outward E-way Bills. The issues also encompass input tax credit matters and reconciliation differences for the specified period.

According to MOIL's disclosure, the discrepancies primarily arise due to:

• Stock transfers between units
• Inter-unit transfers
• Capitalization of capital goods
• Timing differences in reporting

Company's Response and Impact

MOIL has clarified that the demand does not have any immediate operational impact on the company's activities. The management is currently examining the order in detail to understand the specific allegations and assess the merits of the case.

The company has indicated its intention to take appropriate legal steps, including filing an appeal within the prescribed time limit under the GST Act. This suggests that MOIL may contest the demand through the available legal remedies.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to inform stock exchanges about material events that could impact their operations or financial position.

MOIL's proactive disclosure demonstrates its commitment to maintaining transparency with stakeholders regarding regulatory matters that could potentially affect the company's financial standing.