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.

MOIL Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, to the National Stock Exchange and BSE on August 25, 2026. The filing, signed by Company Secretary Neeraj Dutt Pandey, discloses the company’s standalone environmental, social, and governance performance in compliance with SEBI regulations.

Financial Overview

The report highlights a total turnover of ₹1,472.84 crore and a net worth of ₹2,709.25 crore as of the end of FY26. Manganese ore mining remains the core business activity, contributing 93.37% of the total turnover. Manufacturing of ferro manganese and electrolytic manganese dioxide accounts for 6.20%, while power generation contributes 0.43%.

Environmental Metrics

MOIL reported a total energy consumption of 49,71,39,433.75 Megajoules in FY26, down from 54,22,89,969.77 Megajoules in the previous year. Renewable energy sources contributed 5,19,73,797.96 Megajoules, while non-renewable sources accounted for 44,51,65,635.79 Megajoules.

Greenhouse gas emissions (Scope 1 and Scope 2) totaled 50,770.09 metric tonnes of CO2 equivalent, a decrease from 64,272.78 metric tonnes in FY25. Scope 1 emissions stood at 7,788.79 metric tonnes, while Scope 2 emissions were 42,981.30 metric tonnes. The company implemented Zero Liquid Discharge systems across its mines, treating and reusing water for dust suppression and horticulture.

Social Performance

The company employed 2,013 permanent employees and engaged 7,929 workers at the end of the fiscal year. Spending on employee and worker well-being measures rose to 3.54% of total revenue, up from 2.95% in FY25. The Lost Time Injury Frequency Rate (LTIFR) for workers decreased to 0.27 per million person-hours worked, compared to 0.61 in the prior year.

Governance and Compliance

MOIL reported no fines, penalties, or settlements with regulatory agencies during FY26. The Board of Directors approved policies covering all nine principles of the National Guidelines on Responsible Business Conduct. The company received 29 community complaints, all of which were resolved promptly, and 10 shareholder grievances, with one pending resolution at year-end.