NMDC Limited has announced a change in its board composition following the completion of Shri Sanjay Tandon's tenure as Non-Official Independent Director on April 14, 2026. The company informed BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited about this development under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Tenure Completion Details

Shri Sanjay Tandon's directorship concluded after serving a one-year term that commenced on April 15, 2025. His reappointment was originally authorized through Ministry of Steel, Government of India's Order No. 1/1/2025-BLA dated April 15, 2025, which specified the tenure would last for one year from the notification date or until further orders, whichever came earlier.

Current Board Composition

Following this change, NMDC Limited's board now consists of 10 directors across three categories. The functional directors include Chairman & Managing Director Shri Amitava Mukherjee, along with directors overseeing technical, production, personnel, and finance functions. The government nominee directors comprise representatives from the Ministry of Steel, while the independent directors category includes three non-official members.

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing timely intimation to all relevant stock exchanges where its shares are listed. NMDC Limited's shares trade on BSE Limited under scrip code 526371, National Stock Exchange under scrip code NMDC, and The Calcutta Stock Exchange Limited under scrip code 24131. The notification was signed by Company Secretary & Compliance Officer Pravin Shekhar on April 15, 2026.

This board composition change reflects the completion of the prescribed tenure period as determined by the Ministry of Steel's original appointment order, ensuring compliance with corporate governance requirements for public sector enterprises.

NMDC Limited has submitted its mandatory disclosure under SEBI (Substantial Acquisition of Share and Takeovers) Regulations, 2011, revealing the promoter shareholding details as of March 31, 2026. The disclosure was filed with BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on April 7, 2026.

Promoter Shareholding Details

The regulatory filing confirms that the President of India, acting as the promoter of NMDC Limited, maintains a substantial stake in the company. The shareholding position demonstrates the continued government control over this key mining enterprise.

Share Encumbrance Status

The disclosure specifically addresses the encumbrance status of the promoter's shareholding during the financial year. This information is crucial for investors and regulatory compliance, as it indicates the liquidity and availability of the promoter's shares.

Key highlights of the encumbrance disclosure include:

• No direct encumbrance of shares by the promoter during FY 2026
• No indirect encumbrance of shares during the financial year
• Clean shareholding structure maintained throughout the period

Regulatory Compliance Framework

The submission was made in accordance with Regulation 31(4) of SEBI (Substantial Acquisition of Share and Takeovers) Regulations, 2011. This regulation mandates periodic disclosure of substantial shareholdings to ensure transparency in the capital markets and protect investor interests.

Government Ownership Structure

The disclosure reinforces the government's continued majority ownership in NMDC Limited through the President of India. The Ministry of Steel, Government of India, submitted the disclosure on behalf of the President of India, highlighting the administrative framework governing this public sector enterprise.

The 60.79% shareholding represents a substantial majority stake, ensuring government control over the company's strategic decisions and operations. This ownership structure aligns with the government's policy of maintaining control over key natural resource companies in the mining sector.