MSTC Limited , a Government of India enterprise, is seeking shareholder approval to diversify into the travel and tourism sector by altering its Memorandum of Association. The company issued a Postal Ballot Notice dated July 10, 2026, proposing the insertion of a new object clause that permits operations as travel agencies, tour operators, and providers of air chartering and hotel accommodations. This strategic move aims to expand MSTC Limited’s business scope beyond its core e-commerce and e-auction services, leveraging its existing digital infrastructure to offer domestic and international tourism solutions.

The Board of Directors approved the proposal on July 10, 2026, following prior clearance from the Ministry of Steel vide letter no. S-31021/20/2023-MFH dated July 3, 2026. The alteration requires a special resolution from shareholders and subsequent registration with the Registrar of Companies. MSTC Limited disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the public notice seeking member approval was published in newspapers including "Financial Express," "Jansatta," and "Arthik Lipi" on July 28, 2026, pursuant to Regulation 47 of the SEBI LODR Regulations.

Proposed Expansion into Travel and Tourism

The proposed amendment, to be inserted as Clause No. 18 under Main Objects (Clause III-A), enables a broad range of travel-related activities. These include operating travel agencies, tour operators, and tourist agents; providing air chartering, transport services, and hotel accommodations; and organizing tours, meetings, incentives, conferences, and exhibitions. The scope also covers acting as agents for transport, railways, airlines, insurance, and banking sectors, as well as issuing tickets and managing loyalty programs. This expansion allows MSTC Limited to integrate travel services with its current e-procurement and software offerings.

Voting Process and Key Dates

Shareholders are required to vote remotely via the e-voting system managed by Central Depository Services (India) Limited (CDSL). In compliance with General Circular No. 03/2025 issued by the Ministry of Corporate Affairs, the notice was dispatched electronically only on July 27, 2026, to members registered with email addresses as of the cut-off date. Hard copies were not sent. Members holding shares in physical mode must register their email addresses using Form ISR-1 with the company or its Registrar and Share Transfer Agent, Bigshare Services Pvt. Ltd. Demat account holders must update their email addresses with their respective Depository Participants.

Governance and Compliance

The postal ballot process adheres to Sections 108 and 110 of the Companies Act, 2013, Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI Listing Regulations. If passed, the special resolution will be deemed effective on August 27, 2026. None of the directors or key managerial personnel have any financial interest in the resolution. For queries regarding electronic voting, shareholders may contact Mr. Rakesh Dalvi, AVP at CDSL, or email helpdesk.evoting@cdslindia.com .

MSTC Limited has appointed Siraiong Singpho and Niwas Mandal as Non-Official Independent Directors to its Board. The company name Board of Directors approved the appointments via resolution by circulation on July 24, 2026, with the tenure commencing on July 18, 2026. The appointments are for a period of three years or until further orders, whichever is earlier, in accordance with order no. 1/1/2026-BLA dated July 14, 2026, issued by the Board Level Appointment (BLA) cell of the Ministry of Steel, Government of India.

The company confirmed that neither director is related to any existing Director or Key Managerial Personnel of MSTC Limited. Additionally, both appointees are not debarred from holding office by virtue of any order from SEBI or other regulatory authorities.

Director Profiles

The new appointees bring diverse professional backgrounds to the board:

Regulatory Compliance

The intimation was submitted to the Bombay Stock Exchange (Scrip Code: 542597) and the National Stock Exchange of India (Scrip Code: MSTCLTD). The appointment follows the procedural guidelines set by the Ministry of Steel, ensuring compliance with government enterprise governance norms.