Orissa Minerals Development Company Ltd has secured a two-month extension from the Registrar of Companies (ROC), Cuttack, to conduct its 108th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The new deadline for holding the meeting is November 30, 2026.

The extension was granted under Section 96(1) of the Companies Act, 2013. The company had applied to the ROC on September 26, 2026, requesting additional time due to a delay in receiving comments from the Comptroller and Auditor-General of India (CAG). Without these statutory observations, the company could not finalize its accounts and convene the AGM within the original timeline.

Regulatory Compliance Details

The ROC order, dated September 29, 2026, formally approves the request submitted by OMDC. The regulatory body noted that the delay in CAG feedback constituted a valid reason for the extension. However, the Registrar advised the company to exercise greater caution in future compliance with the Companies Act, 2013, to avoid similar procedural delays.

Key Dates and Deadlines

Operational Context

The company is a government-owned entity under the Ministry of Corporate Affairs. The requirement for CAG comments is standard for public sector undertakings before their annual accounts can be finalized for shareholder approval. This dependency on external audit timelines often dictates the scheduling of AGMs for such entities.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for shareholders and market participants regarding the revised corporate calendar.

Orissa Minerals Development Company Ltd appointed GVN Prasad as Non-Executive Director on its board effective September 16, 2026. The appointment follows a nomination by the company's ultimate holding company, Rashtriya Ispat Nigam Limited (RINL).

Prasad replaces Arun Kanti Bagchi, who stepped down from the position. The disclosure was made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Profile of the new director

GVN Prasad is a Metallurgical Engineer and holds an Executive Post Graduate Program in Executive Management (EPGP) from IIM-Kozhikode. He joined RINL in 1987 and has held various roles across marketing operations.

Prior to this elevation, Prasad served as General Manager (Marketing) and was in charge of Marketing Operations at RINL. He has experience as Branch Manager and Regional Manager (Marketing) in Eastern and Western regions.

In 2015, he received the Jawahar Nehru award for outstanding performance from RINL management.