MOIL Limited has announced the cessation of Shri Iqbal Singh Chahal, IAS, as Government Nominee Director on the company's Board of Directors. The cessation became effective from January 31, 2026, after working hours, following his superannuation from government service.

Director Cessation Details

The manganese ore mining company received official communication from the Government of Maharashtra on March 5, 2026, informing about Chahal's retirement from his position as Additional Chief Secretary (Mines). As a direct consequence of his superannuation, he ceased to be the Nominee Director representing the Government of Maharashtra on MOIL's Board.

Regulatory Compliance

MOIL Limited has duly informed both the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited about this board composition change through a formal communication dated March 5, 2026. The notification was signed by Neeraj Dutt Pandey, Company Secretary and Compliance Officer, ensuring adherence to listing requirements and regulatory obligations.

Background Context

As a Government of India enterprise, MOIL Limited maintains government nominee directors on its Board to represent stakeholder interests. The cessation of Chahal's directorship represents a routine transition following the retirement of a senior government official who served as the state government's representative on the company's Board of Directors.

The company has fulfilled its disclosure obligations by promptly notifying stock exchanges about this change in board composition, maintaining transparency with investors and regulatory authorities.

MOIL Limited has announced a comprehensive price revision for various grades of manganese ore effective from February 1, 2026, implementing strategic increases across most product categories while maintaining stability for select lower-grade offerings.

Price Increases Across Major Product Categories

The company has implemented a uniform 5% price increase across several key product segments for February 2026. This increase applies to ferro grades with manganese content of 44% and above, chemical grades, and SMGR (Mn-30%) products, all calculated on prices prevailing since January 1, 2026.

Selective Price Maintenance Strategy

MOIL has adopted a differentiated approach for certain product categories, maintaining January 2026 pricing levels for specific grades. The SMGR (Mn 25%) and SMGR (Mn 20%) grades will continue at their existing price points throughout February 2026.

Metal Mandi Fines Pricing Updates

The company has implemented a mixed approach for metal mandi fines products. While DBF575 and MSF592 will maintain their January 2026 pricing levels, UKF532 has received a significant 10% price increase for February 2026.

Implementation Timeline

All price revisions became effective from midnight of January 31, 2026/February 1, 2026, ensuring a seamless transition into the new pricing structure for the January-March 2026 quarter. The comprehensive pricing strategy demonstrates MOIL's approach to balancing market dynamics across its diverse manganese ore product portfolio.