MOIL Limited has confirmed its revised price fixation for various grades of manganese ore for March 2026, implementing a conservative pricing strategy with uniform 2% increases for ferro grades while introducing significant adjustments for select product categories and EMD products.

Confirmed Price Increases for Ferro Grades

The company has officially confirmed a uniform 2.00% price increase for ferro grades across all manganese content levels for March 2026. This includes both ferro grades with manganese content of 44% and above, as well as ferro grades below 44%, representing a measured approach compared to previous pricing adjustments. The increases are calculated on prices prevailing since February 1, 2026.

Selective Price Maintenance and Strategic Adjustments

MOIL has continued its differentiated pricing approach for certain product categories, maintaining February 2026 pricing levels for specific grades while implementing targeted increases for others. The SMGR (Mn 25%) grades and fines will continue at their existing price points, while BGL509 under SMGR (Mn 20%) category receives a substantial 10.00% increase.

EMD Price Reduction

In a notable policy shift, MOIL has reduced the basic price of EMD (Electrolytic Manganese Dioxide) by ₹10,000 per PMT, bringing it down from ₹1,90,000 per PMT to ₹1,80,000 per PMT effective March 1, 2026.

Implementation and Compliance

All price revisions became effective from midnight of February 28, 2026/March 1, 2026, as communicated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revised pricing structure demonstrates MOIL's adaptive approach to market conditions while maintaining strategic positioning across its diverse manganese ore product portfolio.

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.