MSTC Limited has appointed Shri Siraiong Singpho and Shri Niwas Mandal as Non-Official Independent Directors on its Board. The appointments are effective for a period of three years from the date of notification of their appointment, or until further orders, whichever is earlier. The decision follows orders bearing no. 1/1/2026-BLA dated July 14, 2026, received from the BLA cell of the Ministry of Steel, Government of India.

The company confirmed that neither Shri Siraiong Singpho nor Shri Niwas Mandal is related to any Director or Key Managerial Personnel of MSTC Limited. Additionally, both individuals are not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.

Appointment Details

The disclosure was made to the exchanges pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details required under Regulation 30 will be informed in due course.

MSTC Limited received approval from its administrative ministry to alter the objects clause of its Memorandum of Association (MoA) to include the business of travel agencies, tour operators, and tourist agents. The Board of Directors approved this alteration at its meeting held on July 10, 2026, subject to shareholder consent via postal ballot.

Board and Ministry Approval

The administrative ministry granted approval for the alteration vide its letter no. S-31021/20/2023-MFH dated July 3, 2026. Consequently, the board approved the insertion of a new clause regarding travel agencies and allied activities through web-based platforms or otherwise. The meeting commenced at 12:30 P.M. (IST) and concluded at 1:15 P.M. (IST).

Shareholder Consent Process

The approval of shareholders will be sought through the postal ballot mechanism. The company will provide the specific details of the postal ballot process in due course. The resolution to amend the MoA will become effective only upon receiving the requisite shareholder approval.