Nature of the Event
This is a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing about the successful incorporation of a Joint Venture (JV) company.
Key Details of the Incorporated JV Company
- Name of JV Company: MOIL MPSMCL MINING LIMITED
- Date of Incorporation: 04.06.2026
- Country of Incorporation: India
- Corporate Identification Number (CIN): U07293MP2026GOI084604 (Allotted by the Ministry of Corporate Affairs (MCA), Government of India)
- Industry & Line of Business: Mining of Manganese Ore
Parties Involved and Shareholding Structure
The JV company is a subsidiary of MOIL Limited. The shareholding is structured as follows:
- MOIL Limited: 51% shareholding
- Madhya Pradesh State Mining Corporation Limited (MPSMCL): 49% shareholding
Transaction Details
- Nature of Consideration: Cash
- Subscription Details: MOIL subscribed to 1,02,000 equity shares of INR 10 each.
- Total Cost of Subscription: INR 10,20,000 (1,02,000 shares * INR 10)
Regulatory Approvals and Background
The incorporation of the JV company was subject to governmental approvals, which were already obtained from the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Steel.
Chronology and Reference
This disclosure, dated 06.06.2026, is a follow-up to an earlier communication from the company (Letter No. CS/NSE-BSE/2025-26/388 dated 31st January, 2026) on the same subject. The intimation of incorporation was received from the MCA via email on 06.06.2026.
Disclosure Compliance
The information is being disclosed to the National Stock Exchange of India Ltd and the Bombay Stock Exchange Limited as required by SEBI LODR Regulations.