MMTC Limited informs the exchange regarding its Annual Report for the financial year 2025-26.

MMTC LIMITED ANNUAL REPORT 2025 - 26 Regd. Office: Core-1, 'SCOPE Complex', 7 Institutional Area, Lodhi Road, New Delhi - 110 003 CIN: L51909DL1963GO1004033 BOARD OF DIRECTORS vCMD AND FUNCTIONAL DIRECTORS 1. Shri Nitin Kumar Yadav, Chairman & Managing Director (w.e.f. 28.04.2025) 2. Shri Jatinderjit Singh Mann, Director (Marketing) (w.e.f. 12.02.2026) 3. Shri Kundan Kumar Mishra, Director (Finance) (w.e.f.03.08.2026) 4. Ms. Anoopa S. Nair, Director (Finance), (up to 09.06.2026) 5. Shri J. Ravi Shanker, Director (Marketing) (up to 31.07.2025) 6. Shri Kapil Kumar Gupta, Director (Finance) (up to 31.05.2025) 7. Shri Hardeep Singh, Chairman & Managing Director (up to 26.04.2025) vGOVERNMENT NOMINEE DIRECTORS 1. Shri A.K.M Kashyap, Deputy Director General, MoC&I (w.e.f. 16.12.2025) 2. Ms. Nigar Fatima Husain, AS & FA, MoC&I (w.e.f. 07.05.2026) 3. Shri Asit Gopal, SS & FA, M/o Textiles (w.e.f. 27.01.2026 up to 28.04.2026) 4. Smt. Arti Bhatnagar, SS & FA, MoC&I (up to 26.09.2025) 5. Smt. Aishvarya Singh, JS, DoC (up to 22.09.2025) v NON-OFFICIAL INDEPENDENT DIRECTORS 1. Shri Srinivas Rao Maddi (up to 09.06.2026) 2. Smt. Surendranath Meenakshi (up to 08.06.2026) 3. Shri Nabarun Nayak (up to 02.08.2026) 4. Shri Dinesh Dubey (up to 24.04.2026) v COMPANY SECRETARY Shri Ajay Kumar Misra vREGISTRAR AND SHARE TRANSFER AGENT MCS Shares Transfer Agent Limited 179-180, 3rd Floor Okhla Industrial Area, Phase-1, New Delhi-110020 Tel.: 011-41406150, Email: admin@mcsregistrars.com vBANKERS State Bank of India (Consortium Leader) vSTATUTORY AUDITORS SECRETARIAL AUDITORS M/s Dinesh Jain & Associates M/s Blak & CO. Chartered Accountants Company Secretaries A-115, Vikas Marg, 2nd Floor, Shakarpur H.O.: 3FCS-08 (3rd Floor), Ansal Plaza Delhi-110092 Vaishali, Delhi, NCR-201010 Email: dkjain440@gmail.com Mob.: 9990573703 Email.: globizassociates@gmail.com CONTENTS Page No. Corporate Mission / Corporate Objectives 01 Chairman’s Statement 02 Notice of 63rd AGM 03-13 Directors’ Report 14-25 Management Discussion & Analysis Report 26-27 Annual Report on CSR Activities for Financial Year 2025-26 28-29 Report on Corporate Governance 30-49 Business Responsibility & Sustainability Reporting for FY 2025-26 50-80 Secretarial Audit Report & Management’s Reply thereon 81-91 Comments of C & AG of India 92-94 Decade at a Glance etc. 95-101 Statutory Audit Report & Management’s Reply thereon 102-125 Financial Statements of MMTC Limited 126-181 Consolidated Financial Statements 182-260 Auditors 261 MMTC Ofces 262 Corporate Mission s the largest trading company of India and a major trading company of sia, MMTC aims at improving its position further by achieving sustainable and viable growth rate through excellence in all its activities, generating optimum profits through satisfaction of shareholders, customers, suppliers, employees and society. Corporate Objectives v To be a leading International Trading House in India operating in the competitive global trading environment, with focus on "bulk" as core competency and to improve returns on capital employed. To retain the position of single largest trader in the country for product lines like minerals, metals and precious metals. v To render high quality of service to all categories of customers with professionalism and efficiency. To provide support services to the medium and small scale sectors. To streamline system within the company for settlement of commercial disputes. To promote development of trade-related infrastructure. 63rd ANNUAL REPORT 2025 - 26 CHAIRMAN’S STATEMENT Dear Shareholders, I welcome all of you on behalf of the members generated from non-trading activities, mainly of the Board to the 63rd Annual General from interest earned from parking the funds in Meeting of the Company for the Financial Year Banks received from divestment of NINL, 2025-26. erstwhile JV Company and Dividend income received from the JV Company, MMTC PAMP. In pursuance of guidelines of Ministry of Corporate Affairs, the Annual General Meeting I extend my heartfelt gratitude to the of the company is being held through virtual Government of India, especially the Ministry of mode. Commerce and Industry, DIPAM, C&AG, State Governments, Auditors, Vendors and other A copy of the Annual Report containing the Authorities and Agencies for their unwavering Directors’ Report, Management Discussions support. Your strong and continued support and Analysis Report, Corporate Governance has played a pivotal role in our sustenance. Report, Business Responsibility & Sustainability Report (BRSR) and Audited Accounts for the I also want to extend my sincere gratitude to my year ended 31st March 2026, together with fellow Board Members for their invaluable Auditor’s report, Comments of C&AG, contributions to the Company's operations. To Management’s reply thereto have been our investors, shareholders, and employees, circulated along with the Notice of the Meeting. thank you for your continued trust and support. Your confidence is paramount, and we remain With your permission, I take them as read. deeply committed to maintaining it through our The Company presently is not carrying dedicated efforts. Business activities as per the mandate of Once again, I sincerely thank all stakeholders Government. During 2025-26, your company for their trust and confidence in our company. earned a profit of 212.07 Cr. which is Sd/- Nitin Kumar Yadav Chairman and Managing Director (Addl. Charge) Regd. Office : Core-1, 'SCOPE Complex',7 Institutional Area, Lodhi Road, New Delhi-110003 CIN : L51909DL1963GOI004033 NOTICE Notice is hereby given that the 63rd Annual General Meeting of the Members of MMTC Limited will be held on Thursday, 17th September, 2026 at 11:00 A.M. at Core-1, 'SCOPE COMPLEX' 7 Institutional Area, Lodhi Road, New Delhi-110003 through Video Conferencing (“VC”) / Other Audio-visual Means (“OAVM”) to transact the following business: ORDINARY BUSINESS 1. To consider and adopt the Audited Standalone & Consolidated Financial Statements of the Company for the year ended 31st March, 2026, along with the Directors’ Report, Statutory Auditors’ Report, the Comments thereupon of Comptroller & Auditor General of India and the Report of the Secretarial Auditor for the Financial Year 2025-26. 2. To authorize the Board of Directors of the company in terms of the provisions of Section 142(1) of Companies Act, 2013 to appoint and fix remuneration of the Statutory/Branch Auditors of the Company appointed by Comptroller & Auditor General of India u/s 139(5) of the Companies Act, 2013 for the Financial Year 2026-27. 3. To appoint Shri Jatinderjit Singh Mann as Director (Marketing) (DIN: 11535429) on the Board of the company and in this regard to consider and if thought fit, to pass the following resolution as Ordinary Resolution. “RESOLVED THAT pursuant to provisions of Section 149 & 152 and other applicable provisions, if any, of the Companies Act, 2013, Companies (Appointment and Qualification of Directors) Rules, 2014, Regulation 17 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shri Jatinderjit Singh Mann (DIN 11535429), be and is hereby appointed as Director (Marketing) on the board of the Company on 12.02.2026, liable to retire by rotation.” 4. To appoint Shri Kundan Kumar Mishra as Director (Finance) (DIN: 11865137) on the Board of the company and in this regard to consider and if thought fit, to pass the following resolution as Ordinary Resolution. “RESOLVED THAT pursuant to provisions of Section 149 & 152 and other applicable provisions, if any, of the Companies Act, 2013, Companies (Appointment and Qualification of Directors) Rules, 2014, Regulation 17 and other applicable Regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shri Kundan Kumar Mishra (DIN 11865137), be and is hereby appointed as Director (F [Showing first 8,000 characters — download PDF for full document]