State-owned MOIL Limited announced comprehensive price revisions for various grades of manganese ore and other products for January 2026, effective from January 1, 2026. The company communicated this development to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as part of its regular business practice of fixing and revising prices for manganese ore products.

Ferro Grades See Uniform Price Increases

The company has implemented a 3.00% price increase for all ferro grades of manganese ore, regardless of manganese content levels. This uniform adjustment applies to both high-grade and lower-grade ferro products.

Mixed Adjustments for SMGR Grades

Silico Manganese Grade (SMGR) products have received differentiated pricing based on manganese content levels, with significant variations across different grades. While higher-grade SMGR products saw increases, lower manganese content grades experienced substantial reductions.

Specialized Product Categories

Metal Mandi Fines Record Highest Increase

Metal Mandi Fines, including grades UKF532, DBF575, and MSF592, received the most substantial price adjustment with a 10.00% increase compared to prices prevailing since December 1, 2025.

Chemical Grades and EMD Pricing

The company maintained stable pricing for chemical grades, continuing rates from December 1, 2025. However, Electrolytic Manganese Dioxide (EMD) saw a price reduction of ₹5,000.00 per metric tonne.

Stock Performance and Market Response

Shares of MOIL Limited ended at ₹368.95, registering a gain of ₹0.40 or 0.11% on the BSE. The price revisions are effective from midnight of December 31, 2025/January 1, 2026, and represent the company's ongoing strategy to align product pricing with market conditions and operational requirements.

MOIL Limited has announced the cessation of its Chairman-cum-Managing Director due to superannuation, marking a significant leadership transition for the government enterprise. The company informed stock exchanges about this development in compliance with regulatory requirements.

Leadership Transition Details

The manganese ore mining company disclosed that Shri Ajit Kumar Saxena, who served as Chairman-cum-Managing Director, attained the age of superannuation on December 31, 2025. Following this milestone, he ceased to hold the position effective January 1, 2026.

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions, including changes in key managerial personnel.

The company secretary and compliance officer, Neeraj Dutt Pandey, signed the official communication dated January 1, 2026, ensuring proper documentation of this corporate development.

Corporate Governance Impact

As a Government of India enterprise, MOIL Limited maintains strict adherence to corporate governance norms and transparency requirements. The timely disclosure of leadership changes demonstrates the company's commitment to keeping stakeholders informed about significant organizational developments.

The cessation of the Chairman-cum-Managing Director position due to superannuation represents a natural transition in the company's leadership structure, following standard retirement protocols for senior executives in government enterprises.