MSTC Limited has scheduled its 61st Annual General Meeting (AGM) for Thursday, September 24, 2026, at 11:00 am. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The announcement aligns with Ministry of Corporate Affairs (MCA) General Circular no. 03/2025 dated September 22, 2025, which permits virtual AGMs. The company published public notices in Financial Express, Jansatta, Prabhat Khabar, and Arthik Lipi on August 20, 2026, to inform stakeholders of the upcoming proceedings.

E-voting and Participation Details

Shareholders holding shares as on the record date will have the opportunity to cast their votes remotely. The remote e-voting window opens on Sunday, September 20, 2026, at 9:00 am and closes on Wednesday, September 23, 2026, at 5:00 pm. Voting facilities will also be available during the live AGM session.

Key logistical details for shareholders include:

Members are required to update their email addresses to receive the electronic copy of the Notice of AGM and the Annual Report for FY26. Physical share holders must submit Form ISR-1 to MSTC Limited or its Registrar and Transfer Agent, Bigshare Services Private Limited, to register email IDs. Demat account holders should update details with their respective Depository Participants.

Dividend and Bank Details

To receive dividends directly into bank accounts via NECS, shareholders must ensure their bank details are registered. Physical share holders need to submit Forms ISR-1 and ISR-2, while demat holders must coordinate with their Depository Participants. Login credentials for e-voting will be sent via email after successful registration.

Ajay Kumar Rai, Company Secretary and Compliance Officer, issued the notice from Kolkata on August 20, 2026. The full notice and annual report are accessible on the company’s website and stock exchange portals.

MSTC Limited reported a significant improvement in its financial performance for the first quarter of FY27, with consolidated net profit rising sharply year-on-year. The company logged a consolidated net profit of ₹582 million (₹582.2 million), up from ₹423 million in the corresponding period of the previous fiscal year. This represents a growth of approximately 31%. Standalone net profit also increased by 31% to ₹581 million (₹581.2 million) from ₹443 million in Q1FY26.

Revenue showed robust growth, increasing by roughly 22% to reach ₹942 million (₹940.0 million) from ₹774 million in the prior year’s quarter. Management attributed this growth to higher volumes in mineral block sales and scrap auctions. The simultaneous expansion in both top-line and bottom-line figures indicates improved operational efficiency during the period. The Board of Directors approved the unaudited financial results in its meeting held on August 13, 2026.

Financial Highlights

Standalone Results

The standalone segment also mirrored the consolidated growth trajectory. Total income for the standalone entity rose to ₹940.0 million from ₹774.0 million in the previous year. Pre-tax profit expanded by 32% to ₹785.3 million from ₹596.3 million. Basic earnings per share (EPS) stood at ₹8.26, compared to ₹6.30 in the same quarter last year.

Strategic Shifts and New Verticals

In a significant strategic move, MSTC completely exited its legacy trading and marketing segment in this quarter. The company had been operating under a 110% bank guarantee model for this segment, which has now been discontinued with dues recovered. Consequently, segmental reporting for this business has ceased, and the company now operates solely through its e-commerce vertical.

Management highlighted several new digital initiatives aimed at diversifying revenue streams:

• EPR Certificate Trading: An electronic trading platform for Extended Producer Responsibility (EPR) certificates is complete and awaiting government notification to begin operations across notified sectors.
• TReDS Platform: A trade receivables discounting system is at an advanced stage, with discussions ongoing with the Reserve Bank of India for necessary approvals. Management targets operationalization within FY27.
• Travel Portal: The B2B travel portal is operational for internal corporate use and sister PSUs. The company is seeking IATA empanelment to expand into the broader B2B and eventually B2C segments.

Joint Venture Performance

Operations of the joint venture with Mahindra & Mahindra Recycling Private Limited (MMRPL) picked up significant momentum. For the first time in several sequential reporting periods, the venture reported a positive profit after tax, driven by higher feedstock inflows linked to stricter extended producer responsibility norms for automobile manufacturers. This contributed a token share of profit to the consolidated bottom line.

What the Numbers Show

The data reveals that MSTC’s profitability expanded at a faster pace than its revenue. While revenue grew by approximately 22%, consolidated net profit surged by nearly 31%. This divergence suggests that the company benefited from margin expansion or cost efficiencies, allowing a larger proportion of the additional revenue to flow directly to the bottom line. The exit of the legacy trading segment further streamlines the company’s focus toward high-margin digital solutions, underscoring broad-based operational strength.