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.

MOIL Limited, the government-owned manganese ore mining company, has been penalized by India's leading stock exchanges for regulatory non-compliance. The company disclosed that both the National Stock Exchange of India Limited (NSE) and BSE Limited have imposed fines related to board composition violations during the quarter ended December 31, 2025.

Regulatory Action Details

The stock exchanges took action against MOIL for non-compliance with provisions regarding board composition requirements. The company received official communication about these penalties on February 27, 2026.

Impact Assessment

MOIL has clarified that these regulatory fines will not affect the company's financial performance, operational activities, or other business functions. The penalties are administrative in nature and relate specifically to governance compliance requirements.

Regulatory Framework

The disclosure was made pursuant to Regulation 30 read with Para-A of Part-A of Schedule-III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events, including regulatory actions and penalties.

Company Response

MOIL's Company Secretary and Compliance Officer, Neeraj Dutt Pandey, signed the disclosure document on February 28, 2026. The company has formally communicated this development to both exchanges as part of its regulatory compliance obligations.

The penalties highlight the importance of maintaining proper board composition as mandated by corporate governance norms for listed entities in India.