MOIL Ltd concludes 64th AGM, reappoints CMD and directors
- MOIL Limited held its 64th AGM on September 18, 2026, in Nagpur
- Shareholders reappointed Vishwanath Suresh as Chairman-cum-Managing Director
- Continuation of appointments approved for three other directors
- Audited financial statements for FY26 were adopted by shareholders
*this image is generated using AI for illustrative purposes only.
MOIL Limited concluded its 64th Annual General Meeting on September 18, 2026, in Nagpur. The meeting, held through video conferencing, saw shareholders approve the continuation of appointments for key board members.
The Government of India enterprise facilitated remote e-voting for all agenda items from September 14 to September 17, 2026. The cut-off date for determining shareholder eligibility was September 11, 2026.
Board Appointments Approved
Shareholders voted to continue the tenure of several directors:
- Vishwanath Suresh: Chairman-cum-Managing Director
- Rashmi Singh: Director (Commercial)
- Sonali Sanjit Nagvenkar: Independent Director
- Lokesh Chandra: Nominee Director (Government of Maharashtra)
Ordinary Business
The meeting also transacted ordinary business items. These included adopting the audited financial statements for the fiscal year ended March 31, 2026. The Board was authorized to fix the remuneration of Statutory Auditors for FY27 in compliance with Comptroller and Auditor General of India directives.
Audit Observations
The Company Secretary noted that the Statutory Auditors’ report required no reading as there were no comments. Two observations from the C&AG were recorded but deemed to have no impact on company performance. The Secretarial Audit Report highlighted observations regarding the composition of the Board and its committees.
The meeting concluded at 1:37 pm with a vote of thanks.
Historical Stock Returns for MOIL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.34% | -2.52% | -10.60% | -18.06% | -31.10% | +49.71% |
How might the continuation of Vishwanath Suresh as Chairman-cum-Managing Director influence MOIL's strategic expansion plans in the manganese ore sector for the upcoming fiscal year?
What are the specific implications of the C&AG observations on board composition for MOIL's corporate governance compliance and potential regulatory scrutiny?
Given the adoption of FY26 financials, what key performance indicators should investors monitor to assess the impact of recent manganese price volatility on MOIL's profitability?
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