NMDC Limited has announced a significant change in its Board composition following the transition of one of its key directors to a new leadership role at another public sector enterprise.

Board Composition Change

The Ministry of Steel, Government of India, through Order No. S-14014/1/2024-BLA dated 07.01.2026, communicated the appointment of Shri Vishwanath Suresh, Director (Commercial) at NMDC, as Chairman & Managing Director of MOIL Limited. This appointment took effect from the date of his assumption of charge of the new position.

As a consequence of this appointment, Shri Vishwanath Suresh has been relieved from the services of NMDC Limited and ceased to be a Director on the Board of NMDC Limited with effect from 07.01.2026.

Current Board Composition

Following the change, NMDC Limited's Board comprises ten directors across three categories:

Functional Directors

Government Nominee Directors

Non-Official Independent Directors

Subsidiary Impact

This change also affects NMDC Steel Limited, as per the Ministry of Steel order dated 20.03.2023, which established that the Chairman & Managing Director, Functional Directors, and Government Directors of NMDC Limited would also serve as corresponding positions on NMDC Steel Limited's Board on a co-terminus basis.

The announcement was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, and communicated to BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange Limited. Company Secretary & Compliance Officer Pravin Shekhar signed the official communication on behalf of NMDC Limited.

NMDC Steel Limited , a Government of India Enterprise, has released its unaudited financial results for the second quarter and first half of the fiscal year 2026. The company's performance shows mixed results with improved revenue but continued losses.

Revenue Growth

NMDC Steel Limited reported a significant increase in its revenue from operations for Q2 FY2026:

The company's revenue for Q2 FY2026 grew by 9.31% year-over-year and 27.76% quarter-over-quarter, indicating a positive trend in its operations.

Half-Yearly Performance

For the first half of FY2026, NMDC Steel's revenue showed a decline compared to the previous year:

Financial Position

Despite the revenue growth in Q2, the company continues to face challenges:

• Net Loss: ₹147.25 crore for Q2 FY2026
• Earnings Per Share (EPS): ₹(0.39) basic EPS

Corporate Information

• Paid-up Equity Share Capital: ₹2,900.81 crore
• Listing: The company's shares are listed on BSE, NSE, and Calcutta Stock Exchange

Compliance and Transparency

In compliance with SEBI regulations, NMDC Steel Limited has published its financial results in 'The Hitavada' (English) and 'Pioneer' (Hindi) newspapers on October 30, 2025. This adherence to regulatory requirements demonstrates the company's commitment to transparency and timely disclosure of financial information to its stakeholders.

While the company has shown improvement in its quarterly revenue, the continued net losses and the decline in half-yearly revenue suggest that NMDC Steel Limited may be facing ongoing challenges in its operations. Investors and stakeholders may want to closely monitor the company's future performance and any strategic initiatives to address these financial hurdles.