Latest news about MMTC
MMTC
55.19
+0.32(+0.58%)
Company Performance:
View Company Insights1D+0.58%
1M-12.06%
6M-6.08%
1Y-23.05%
5Y0.00%
More news about MMTC
20Aug 26
MMTC PAMP calls for better gold recycling schemes in India
MMTC PAMP has called for improved gold recycling schemes in India, advocating for incentives to unlock household gold stock. The company argues that mobilising this stock through formal channels could revive domestic gold refiners. The call was reported in a newspaper.
12Aug 26
MMTC posts ₹93.73 crore Q1FY27 profit amid audit qualification
MMTC posted strong Q1FY27 profits with standalone net income at ₹93.73 crore and consolidated net income at ₹104.24 crore, largely fueled by other income. Despite operational revenue stagnation, the bottom line improved significantly. However, the financial statements received a qualified audit opinion regarding the Anglo Coal dispute, where auditors flagged an understated provision of ₹82.82 crore, a stance contested by management.
07Aug 26
MMTC appoints Kundan Kumar Mishra as Director (Finance)
MMTC Limited has appointed Kundan Kumar Mishra as Director (Finance) for a five-year term starting August 3, 2026. The appointment was approved by the Competent Authority based on PESB recommendations.
03Aug 26
MMTC Ltd notifies expiry of Nabarun Nayak's independent director tenure
MMTC Limited disclosed that Nabarun Nayak’s term as Non-Executive Independent Director concludes on August 2, 2026. The notice, filed under SEBI LODR Regulation 30, confirms the end of his tenure without specifying a replacement or additional board actions.
17Jun 26
MMTC Ltd audit qualification cuts FY26 profit by Rs. 82.82 crore
MMTC Limited reported a qualified audit opinion for FY26 following a disagreement with statutory auditors over the recognition of an Rs. 82.82 crore provision for the Anglo Coal case. The company classified the amount as a contingent liability, reducing standalone net profit from Rs. 212.07 crore to Rs. 129.25 crore and consolidated net profit from Rs. 387.38 crore to Rs. 304.56 crore. Management disputed the qualification, citing accrued interest of Rs. 259.74 crore and pending adjudication on the exchange rate.
13Jun 26
MMTC directors resign effective June 9, 2026
MMTC Limited announced that Non-Executive Independent Director Shri Srinivas Rao Maddi and Director (Finance) Ms. Anoopa S. Nair resigned from its Board effective June 9, 2026. The disclosure was submitted to stock exchanges under Regulation 30 of SEBI (LODR) Regulations 2015.
08Jun 26
MMTC FY26 Net Profit Surges to ₹463.30 Crore; Auditor Flags Anglo Coal Provision Gap
MMTC Limited reported a sharp rise in standalone net profit before tax to ₹463.30 crore for FY26, up from ₹97.20 crore in FY25, with consolidated profit before tax at ₹638.61 crore. The results were driven by exceptional income including ₹411.76 crore from the NINL divestment escrow and ₹13.21 crore from confiscated gold. Auditors issued a qualified opinion over a ₹82.82 crore provision gap in the Anglo Coal case and flagged material uncertainty related to going concern, as the administrative ministry has directed MMTC to prepare a manpower scale-down and business exit roadmap.
30May 26
MMTC extends CMD Nitin Kumar Yadav's term by one year
MMTC Limited has extended the tenure of Shri Nitin Kumar Yadav as Chairman and Managing Director for one year from April 27, 2026, to April 26, 2027, pursuant to a Ministry of Commerce & Industry order. Yadav, an IAS officer, continues to hold additional charge as CMD for PEC Limited and STC Limited.
25May 26
MMTC reschedules board meeting to May 29 for FY26 results
MMTC Limited announced the rescheduling of its 490th board meeting from May 28 to May 29, 2026. The meeting will consider the audited financial results for the quarter and year ended March 31, 2026. The trading window remains closed until 48 hours after the results declaration.
22May 26
MMTC confirms no encumbrance on govt shares for FY26
MMTC Limited disclosed that the Ministry of Commerce and Industry holds 1,34,89,03,143 equity shares. The Ministry confirmed no encumbrance was made on these shares during FY26.
15May 26
MMTC Limited Schedules Board Meeting on May 28, 2026 to Approve Audited Financial Results for Q4 and Full Year FY26
MMTC Limited has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The intimation was filed on May 15, 2026, in accordance with Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The notice was communicated to both NSE and BSE and was digitally signed by Company Secretary Ajay Kumar Misra.
12May 26
MMTC Limited Appoints Ms. Nigar Fatima Husain as Government Nominee Director on Board
MMTC Limited has appointed Ms. Nigar Fatima Husain, an Indian Defense Estates Service Officer of the 1996 batch and Additional Secretary & Financial Advisor at the Ministry of Commerce & Industry, as Government Nominee Director on its Board, effective 07.05.2026, succeeding Shri Asit Gopal. The appointment was made under Article 87(2) of MMTC's Articles of Association with Presidential approval, pursuant to a Department of Commerce order dated 28.04.2026, and was formally approved by Directors through Resolution by Circulation on 11.05.2026.
08May 26
Ministry of Commerce & Industry Declares No Encumbrance on MMTC Shares for Financial Year Ended March 31, 2026
The Ministry of Commerce and Industry, Government of India, has declared no encumbrance — direct or indirect — on the equity shares of MMTC Limited held by the President of India for the financial year ended 31.03.2026. The President of India, represented through the Ministry, holds 1,34,89,03,143 equity shares in the company. The disclosure was filed on April 16, 2026, with both the National Stock Exchange of India Ltd and the Bombay Stock Exchange Limited, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
30Apr 26
MMTC Limited Announces Government Nominee Director Change on Board
MMTC Limited has announced significant board changes with the cessation of Shri Asit Gopal as Government Nominee Director following his term expiry on 28.04.2026. The Ministry of Commerce and Industry has appointed Ms. Nigar Fatima Husain as the new Government Nominee Director with immediate effect under Article 87(2) of the company's Articles of Association.
28Apr 26
MMTC Limited Announces CMD Term Expiration on April 28, 2026
MMTC Limited has announced the expiration of CMD Shri Nitin Kumar Yadav's term on April 28, 2026, informing stock exchanges under SEBI regulations. While the company expects an extension from the Ministry of Commerce, official confirmation has not yet been received. The notification ensures regulatory compliance and keeps stakeholders informed about the leadership transition.
25Apr 26
MMTC Limited Announces Expiry of Independent Director Dinesh Dubey's Term
MMTC Limited has announced the expiry of Shri Dinesh Dubey's term as Non-Executive Independent Director on 24.04.2026. The company informed stock exchanges that while a ministry extension was expected, it has not been received yet. This board change was communicated under SEBI regulations to ensure regulatory compliance.
09Apr 26
MMTC Limited Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026
MMTC Limited has filed its mandatory quarterly certificate under SEBI Depositories Regulations for the quarter ended March 31, 2026. The certificate, issued by MCS Share Transfer Agent Limited and submitted to BSE and NSE on April 9, 2026, confirms compliance with dematerialization requirements and proper handling of securities, demonstrating the company's adherence to regulatory obligations.
12Mar 26
MMTC Limited Reports Zero Physical Share Transfer Requests Under SEBI Special Window
MMTC Limited reported zero requests for re-lodgment of physical share transfers during February 5 to March 4, 2026, under SEBI's special window provision. The disclosure, made on March 12, 2026, was in compliance with SEBI circular dated January 30, 2026. MCS Share Transfer Agent Limited confirmed the nil status across all parameters including requests received, processed, approved, and rejected.
12Feb 26
MMTC Limited Appoints Jatinderjit Singh Mann as Director (Marketing)
MMTC Limited has appointed Shri Jatinderjit Singh Mann as Director (Marketing) effective 12.02.2026, following approval from the Ministry of Commerce & Industry. Mann, aged approximately 52 years, brings significant experience from NTPC Limited where he served as Additional General Manager (Marketing/Consultancy) & Head of RDSS-J&K. He holds engineering and MBA qualifications, with the appointment approved for a five-year term at a pay scale of Rs. 1,80,000-3,40,000/- (IDA).
27Jan 26
MMTC Limited Appoints Asit Gopal as Government Nominee Director
MMTC Limited has appointed Shri Asit Gopal (DIN 08542184) as Government Nominee Director effective January 27, 2026, replacing Ms Arti Bhatnagar. The appointment was made pursuant to government order from the Department of Commerce dated January 19, 2026. The 59-year-old appointee currently serves as Special Secretary & Financial Advisor in the Ministry of Textiles with additional charges across multiple ministries, bringing over three decades of public administration experience.
14Jan 26
MMTC Shares Surge 9.28% as Bullion Prices Hit Fresh Highs
MMTC Ltd shares surged 9.28% to ₹69.45 on Wednesday, driven by a sharp rally in bullion prices. Silver hit a lifetime high of ₹2,86,790 per kg while gold reached ₹1,43,650 per 10 grams. The company's MMTC-PAMP joint venture is India's only London Bullion Market Association-accredited refinery for gold and silver. Trading volumes jumped to 10.49 times the 30-day average, with no material corporate announcements reported during the period.
12Jan 26
MMTC Stock Turns Bearish After Triple Top Pattern Formation
MMTC Limited shares have turned bearish after forming a triple top pattern and breaking below ₹65.60 support level on Friday. Technical indicators including RSI decline to 50.67, bearish MACD crossover, and moving average breakdown confirm the negative momentum. Despite 17.20% monthly gains, the government-owned trading company has posted negative returns of 9.01% over six months and 15.53% over the past year.
31Dec 25
MMTC Ltd Issues Latest Clarification on Trading Volume Surge with No Material Events
MMTC Limited has provided an updated clarification to stock exchanges on December 31, 2025, confirming there are no undisclosed material events causing recent trading volume surges. The response, signed by CMD Nitin Kumar Yadav, addresses exchange inquiries and reaffirms the company's commitment to regulatory compliance under SEBI LODR Regulation 30.
30Dec 25
MMTC Shares Decline 4.88% as Gold and Silver Prices Retreat from Record Highs
MMTC Ltd shares declined 4.88% to ₹67.21 as gold and silver prices retreated from record highs, impacting bullion-linked companies. The government-owned enterprise operates through joint venture MMTC-PAMP India in precious metals refining and retail. The decline follows profit-taking and year-end volatility after metals' recent rally driven by safe-haven demand and weakening rupee. Despite the retreat, gold February futures traded higher at ₹1,35,775 per 10 grams while silver climbed to ₹2,33,642 per kg on Tuesday.
29Dec 25
MMTC shares rally 10% on record gold, silver prices
MMTC Limited shares experienced a significant rally, jumping 10.50% to reach an intraday high of ₹71.25, driven by record-breaking gold and silver prices in domestic and international markets. The government-owned trading enterprise, which operates in precious metals import, export and domestic trading, benefits from higher bullion prices through improved trading margins, increased commission income, and enhanced demand for sovereign gold schemes and retail bullion products.
14Nov 25
MMTC Reports Rs 135.59 Crore Loss in Q2 FY26, Receives NINL Divestment Funds
MMTC Limited posted a net loss of Rs 135.59 crore for Q2 FY26. The company made an additional provision of Rs 33.76 crore for the Anglo Coal case following a Delhi High Court order. On a positive note, MMTC received Rs 437.51 crore from the NINL divestment escrow account, including Rs 411.76 crore in principal and Rs 25.75 crore in interest. The Board of Directors approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 in a meeting on November 13, 2025.
11Aug 25
MMTC Limited Approves Q1 FY2026 Unaudited Financial Results
MMTC Limited's Board of Directors approved the unaudited financial results for Q1 FY2026 on August 7, 2025. The meeting, held from 12:00 PM to 3:00 PM, reviewed both standalone and consolidated results for the quarter ended June 30, 2025, along with auditors' reports. In compliance with SEBI regulations, MMTC has submitted these results to NSE and BSE, and made them available on their official website.
07Aug 25
MMTC Limited Approves Quarterly Financial Results for Quarter Ended June 30, 2025
MMTC Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, during a meeting on August 7, 2025. The board also reviewed and approved the Auditors' Report. The results have been made available on the company's website and communicated to the National Stock Exchange of India and the Bombay Stock Exchange.
26Jun 25
MMTC Ltd Poised to Benefit as Platinum Prices Soar to 10-Year High
Platinum prices have reached their highest level since 2014 due to growing supply concerns. This surge could significantly affect MMTC Ltd (INE123F01029), a key player in metals trading. The price increase may present trading opportunities for MMTC, but could also necessitate supply chain reassessments. The company's revenue, profitability, and long-term strategies regarding platinum trade may be influenced by these market conditions.
02Jun 25
MMTC Ltd: Q4 Profit Plummets 96.8%, Share Price Drops 10%
MMTC Ltd experienced a significant downturn in its Q4 financial performance. Net profit fell by 96.8% to Rs 2.23 crore, while revenue declined by 64% to Rs 23.00 lakh. The company's annual profit also decreased by 54.9% to Rs 86.63 crore. In response to these results, MMTC's share price dropped nearly 10% to Rs 77.30, ending a three-day rally.
30May 25
MMTC Ltd Shares Surge 54% in May Despite Weak Q4 Performance
MMTC Ltd, a state-owned trading company, experienced a 9% stock surge in morning trade, continuing a 54.33% gain in May, despite reporting a 96.85% year-on-year decline in Q4 net profit to ₹2.20 crore. Revenue dropped 53.71% to ₹48.10 crore. However, EBITDA improved by 134.09% to ₹20.60 crore, and other income increased by 21.63% to ₹47.80 crore. The contrast between weak financials and strong stock performance has puzzled market participants.
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