NSEGeneral Updates5 Oct 2026 · 5 Oct 2026, 11:02 am
General Updates
The Orissa Minerals Development Company Limited · ORISSAMINE
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The Orissa Minerals Development Company Limited has informed the Exchange about General Updates regarding the Independent Auditors' Limited Review Report on Quarterly Standalone Financial Results and Year to Date Standalone Financial Results for the period ended 30TH June 2026.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment5/10
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The Orissa Minerals Development Company Limited has informed the Exchange about General Updates
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Independent Auditors’ Limited Review Report on Quarterly Standalone Financial
Results and Year to Date Standalone Financial Results of The Orissa Minerals
Development Company Ltd. pursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
The Board of Directors,
The Orissa Minerals Development Company Ltd.
Bhubaneswar.
We have reviewed the accompanying statement of unaudited financial results of The Orissa
Minerals Development Company Ltd. ("the Company") for the period ended 30TH June
2026. This statement is the responsibility of the Company's Management and has been
approved by the Board of Directors. Our responsibility is to issue a report on these financial
statements based on our review.
We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the
Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of
India. This standard requires that we plan and perform the review to obtain moderate
assurance as to whether the financial statements are free of material misstatement. A review
is limited primarily to inquiries of company personnel and analytical procedures applied to
financial data and thus provides less assurance than an audit. We have not performed an
audit and accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us
to believe that the accompanying statement of unaudited financial results prepared in
accordance with applicable accounting standards and other recognized accounting
practices and policies has not disclosed the information required to be disclosed in terms
of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 including the manner in which it is to be disclosed, or that it contains
any material misstatement.
Emphasis of Matter:
i) Note 1 of the financial results, which states that company's mining operations are
under suspension for Belkundi and Bhadrasahi Mines due to non-availability of
statutory clearances. Mining leases are in process of renewal and accordingly, the
financial results have been prepared on going concern basis. The Bagiaburu Iron
Mines started operating from 14.12.2023.
ii) Note 5 of the financial results, which states that total Free Hold land of 180.82
Acres out of which 5.423 Acres are in the name of OMDC, 3.910 Acres in the
name of Bird & Co., 3.393 Acres has been occupied by Jaraka Bentakar & Suru
Bantakar which is in the possession of OMDC by virtue of adverse possession as
mentioned in Record Of Right and 168.098 Acres in the name of BPMEL.
For SDR & Associates
Chartered Accountants
FRN No.326522E
(CA SS Sahoo)
Partner
Place: Bhubaneswar M. No.314508
Date: 17/09/2026 UDIN:-26314508YYAJMG9231