MSTC Limited , a Government of India enterprise, has issued a Postal Ballot Notice dated July 10, 2026, disclosing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, its intent to seek shareholder approval for a significant alteration to its Memorandum of Association. The company proposes to insert a new clause into its Main Objects to formally enable entry into the travel and tourism sector, marking a diversification from its core e-commerce services business.

Background and Rationale for the Amendment

MSTC Limited is primarily engaged in providing e-commerce related services across diversified industry segments, including e-auction/e-sale, e-procurement services, and development of customised software and solutions. The existing Memorandum of Association was last approved by shareholders through a postal ballot on May 3, 2024.

The Board of Directors has proposed further diversification by entering the E-Commerce/Travel portal segment. To facilitate this, the company has determined that the Object Clause of the Memorandum of Association requires an additional clause that provides a fair and clear scope for the travel portal business. The Government of India, through the Ministry of Steel, approved the proposal for this alteration vide letter no. S-31021/20/2023-MFH dated July 3, 2026. Subsequently, the Board of Directors approved the proposed alteration in its meeting held on July 10, 2026, subject to shareholder and Registrar of Companies approval.

Proposed New Clause — Main Objects (Clause III-A), Clause No. 18

The proposed new clause to be inserted into the Main Objects of the Memorandum of Association reads as follows:

"To Provide, promote, develop, design, maintain and manage domestic and international tourism in general and in particular to carry on the business of travel agencies, tour operators, tourist agents, and to undertake or take up any agency business including to act as travel agents to facilitate travelling and to provide tourists and travellers conveniences of every kind by providing air chartering through aircrafts of various airlines, transport services, sleeping cars, berths, reserved places, hotel and lodging accommodation, guides, escorting services, safe deposits, inquiry, bureaus, libraries, meeting rooms, baggage, issuing air and railway tickets, cruise and any other mode of transport and also to act as transport agents, railway agents, air-lines agents, insurance agents and bankers inter-alia for receiving loyalty bonus, arranging bookings, reservation and issuing railway tickets, air tickets for clients, organizing all kinds of tour packages, tours whether local or foreign, organize meetings, incentives, conferences, exhibitions for clients and conducting and organizing Event Management Programmes and Cultural Programmes either directly or through collaboration, joint venture or under licenses and/or trade agreement, through web based platforms or otherwise."

The Board of Directors has recommended this Special Resolution for approval by the members.

Key Dates and Voting Process

The following table summarises the key dates and procedural details for the Postal Ballot:

The notice has been sent exclusively through electronic mode to members whose names appear in the Register of Members maintained by the Depositories as on the Cut-Off Date of July 24, 2026, and who have registered their e-mail addresses with the Depositories or the Registrar and Share Transfer Agent. Communication of assent or dissent will take place only through the e-voting system.

Governance and Compliance

The Postal Ballot process is being conducted pursuant to Sections 108 and 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of the SEBI Listing Regulations, and General Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs. The Scrutinizer will submit the e-voting results to the Chairman or any other authorised person of the company after completion of scrutiny.

If approved by the requisite majority, the Special Resolution shall be deemed to have been passed on August 27, 2026, the last date specified for e-voting. None of the Directors, Key Managerial Personnel, or their relatives are stated to be concerned or interested, financially or otherwise, in the resolution. The Postal Ballot Notice, along with the Explanatory Statement, is available on the company's website at www.mstcindia.co.in and on CDSL's website at www.evotingindia.com . The notice was filed by Ajay Kumar Rai, Company Secretary & Compliance Officer (FCS: 5627), on July 27, 2026.

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.