The Orissa Minerals Development Company Limited has appointed Shri MNVS Prabhakar as Non-Executive Chairman of its board, effective May 25, 2026. He succeeds Shri Manish Raj Gupta, who served as the ex-CMD (Additional Charge) of Rashtriya Ispat Nigam Limited (RINL). The appointment follows a nomination received from RINL, the ultimate holding company of Orissa Minerals Development Company Limited.

Shri Prabhakar currently serves as the Chairman & Managing Director of RINL, a position he assumed on May 12, 2026. The company confirmed that he is not related to any director of Orissa Minerals Development Company Limited and is not debarred from holding the directorship by SEBI or any other authority. The board composition remains compliant with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A distinguished technocrat, Shri Prabhakar brings over three decades of experience in the Indian steel sector. Prior to his current role at RINL, he served as Executive Director of NMDC Steel Limited (NSL) from February 1, 2025. During his tenure at NSL, he led operational and financial turnaround initiatives, stabilising plant operations and improving techno-economic parameters.

Shri Prabhakar began his career with Steel Authority of India Limited (SAIL) in 1991 as a Management Trainee (Technical) after completing his Bachelor of Engineering in Metallurgy from VRCE, Nagpur. He later acquired an MBA in HR & Marketing. His career includes leadership roles across operational units and functional domains, with a focus on safety, digital initiatives, and environmental sustainability.

The appointment was communicated to the stock exchanges via a filing dated May 26, 2026. The necessary disclosures regarding the change in directorship were made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The Supreme Court of India has dismissed two Special Leave Petitions (SLPs) filed by The Orissa Minerals Development Company Limited against Jai Balaji Industries Limited (JBIL), via a common order dated 08.05.2026. The company disclosed this development to the stock exchanges on 14.05.2026, in compliance with Regulation 30 requirements. The Supreme Court order was received by the company on 13.05.2026.

Background of the Petitions

The two SLPs were filed by Orissa Minerals Development Company before the Supreme Court of India, challenging a judgment and order dated 09.12.2025 passed by the Hon'ble Division Bench of the High Court at Calcutta. The High Court proceedings pertained to FMA 939/2012 and FMA 941/2012. The key details of the petitions are summarised below:

Supreme Court's Order

The matter was heard on 08.05.2026 by a bench comprising Hon'ble Mr. Justice Sanjay Kumar and Hon'ble Mr. Justice K. Vinod Chandran. After hearing counsel from both sides, the Court condoned the delay in refiling and curing defects (IA No. 132836/2026) but found no good ground or reason to interfere with the impugned judgment and order passed by the High Court at Calcutta. The special leave petitions were accordingly dismissed, and all pending applications were disposed of.

Legal Representation

Both parties were represented by legal counsel during the hearing. The key representatives are noted below:

For the Petitioner (OMDC):

• Mr. K.M. Nataraj, Additional Solicitor General
• Mr. Shovan Mishra, Advocate on Record
• Ms. Bipasa Tripathy, Advocate
• Mr. Shlok Luthra, Advocate

For the Respondent (Jai Balaji Industries Limited):

• Mr. S. Niranjan Reddy, Senior Advocate
• Mr. Kaustubh Shukla, Advocate on Record
• Ms. Pushpanjali Singh, Advocate
• Mr. Vipul Kumar, Advocate
• Ms. Sana Jain, Advocate
• Ms. Gursimrat Kaur, Advocate
• Mr. Manoj Kumar, Advocate

Regulatory Disclosure

The disclosure was made by Pintu Kumar Biswal, Company Secretary of Orissa Minerals Development Company, and was addressed to the compliance departments of the National Stock Exchange of India Limited, Bombay Stock Exchange Limited, and The Calcutta Stock Exchange Limited. A copy of the Supreme Court order dated 08.05.2026 was enclosed with the communication for reference and record.