MOIL Limited , a Government of India Enterprise, has received an order from the Commissioner (Appeals), CGST & Central Excise, Bhopal, upholding a service tax demand on royalty, District Mineral Foundation (DMF), and National Mineral Exploration Trust (NMET) for manganese ore consumed at its Ferro Manganese Plant in Balaghat.

Key Details of the Tax Demand

The total amount due includes the original service tax demand plus interest and penalties as per sections 75, 77, and 78 of the CGST Act, 2017.

Company's Response

MOIL Limited has stated that it plans to file further appeals against the order. The company has already pre-deposited Rs 4.18 lakhs at the time of filing previous appeals.

Impact on Operations

According to the company's disclosure, there is no further financial impact expected beyond the demanded amount. MOIL Limited maintains that it will pursue legal recourse by appealing against the order of the Commissioner (Appeals) CGST and Central Excise, Bhopal, MP.

Investor Relations

In a separate announcement, MOIL Limited has informed that it is organizing a mine visit for its Institutional Investors and Analysts. The visit is scheduled for the Balaghat Mine, which coincidentally is the same location as the Ferro Manganese Plant mentioned in the tax demand.

This mine visit suggests that despite the ongoing tax issue, the company is maintaining its commitment to transparency and investor relations. However, it's important to note that this visit is not directly related to the tax demand and is likely part of the company's regular investor engagement activities.

MOIL Limited continues to operate under its CIN No: L99999MH1962GOI012398, with its headquarters located at MOIL Bhavan, 1A, Katol Road, Nagpur – 440 013.

As the situation develops, investors and stakeholders will likely be watching closely to see how the appeal process unfolds and whether it will have any long-term implications for the company's financial position or operations.

MOIL Limited , a state-owned manganese ore mining company, has released its financial results for the half year ended September 30, 2025, revealing a mixed performance amid challenging market conditions.

Financial Performance

The company reported revenue from operations of Rs 696.11 crore for the half year, compared to Rs 784.73 crore in the corresponding period of the previous year, marking a decrease of 11.29%. The net profit for the period stood at Rs 121.94 crore, down from Rs 202.31 crore in the previous year, representing a 39.73% decline.

Segment-wise Performance

MOIL's operations are divided into three segments:

• Mining products generated revenue of Rs 651.45 crore
• Manufactured products contributed Rs 50.33 crore
• Power segment added Rs 11.62 crore

Dividend Announcement

MOIL's Board of Directors has approved an interim dividend of Rs 1.80 per equity share with a face value of Rs 10 each for the financial year ending March 31, 2025. The record date for dividend payment is set for November 15, 2025, with the actual payment scheduled for December 9, 2025.

Balance Sheet Highlights

As of September 30, 2025, MOIL's total assets stood at Rs 3,303.86 crore. The company maintains a strong equity position with a paid-up equity share capital of Rs 203.49 crore and other equity of Rs 2,498.66 crore.

Investor Relations

MOIL resolved all three investor complaints received during the quarter, leaving no pending complaints as of September 30, 2025.

Looking Ahead

As MOIL continues to operate in a dynamic market environment, investors and stakeholders will be watching closely to see how the company adapts its strategies to improve performance in the coming quarters.

Note: All figures are based on the unaudited financial results for the quarter and half year ended September 30, 2025, as approved by the MOIL Limited Board of Directors.