MOIL promoter declares no share encumbrance in FY26

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.27%	-1.42%	-5.07%	-8.52%	-25.60%	+51.13%

MOIL Limited has incorporated a joint venture company with Madhya Pradesh State Mining Corporation Limited (MPSMCL) to expand its manganese ore mining operations in Madhya Pradesh. The new entity, MOIL MPSMCL MINING LIMITED, was incorporated on June 4, 2026, and has been allotted Corporate Identification Number U07293MP2026GOI084604. This strategic move aims to leverage the combined expertise of both state-owned entities to strengthen mining capabilities in the region.

The joint venture is a subsidiary of MOIL Limited, which holds a 51% stake, while MPSMCL owns the remaining 49%. The incorporation follows necessary approvals from the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Steel. The nature of consideration for the subscription is cash, with MOIL subscribing to 1,02,000 equity shares of INR 10 each.

Key Details of the Joint Venture

The following table outlines the specific details regarding the incorporation and shareholding structure of the new entity:

Sr. No.	Particulars	Details of Incorporation of JV
1	Name of the entity	MOIL MPSMCL MINING LIMITED
2	Date of Incorporation	04.06.2026
3	Country of Incorporation	India
4	Industry	Mining of Manganese Ore
5	Nature of consideration	CASH
6	Cost of subscription	1,02,000 equity shares of INR 10 each
7	MOIL Limited Shareholding	51%
8	MPSMCL Shareholding	49%

The joint venture will focus exclusively on the mining of manganese ore in Madhya Pradesh, aligning with MOIL's core business operations. The necessary governmental and regulatory approvals have already been secured, facilitating the smooth establishment of the new company.