MOIL Limited has submitted a regulatory disclosure to the National Stock Exchange of India Limited and Bombay Stock Exchange Limited regarding its joint venture acquisition. This filing is in continuation of previous communications dated 18.10.2024 (execution of Joint Venture Agreement) and 06.06.2026 (incorporation of Joint Venture Company).
The disclosure provides consolidated details about the acquisition of stake in MOIL MPSMCL Mining Limited, a joint venture company incorporated for manganese ore mining activities.
Acquisition Details:
- Target Entity: MOIL MPSMCL Mining Limited
- Industry: Mining of Manganese Ore
- Related Party Transaction: Yes, as the State Government of Madhya Pradesh is a promoter of both MOIL Limited and MPSMCL
- Government Approvals: Already approved by DIPAM and Ministry of Steel
- Completion Date: The JVC issued 102,000 equity shares of ₹10 each on 01.08.2026
- Consideration Type: Cash
- Acquisition Cost: 102,000 equity shares of ₹10 each (total value ₹10,20,000)
- Shareholding Pattern:
- MOIL Limited: 51%
- Madhya Pradesh State Mining Corporation Limited (MPSMCL): 49%
- Business Line: Mining of Manganese Ore (aligned with MOIL's main business)
The disclosure is made in compliance with SEBI (LODR) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.
The document was signed by Neeraj Dutt Pandey, Company Secretary & Compliance Officer of MOIL Limited, on 17.10.2026.