New Delhi: State-owned MOIL Limited has informed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) that Independent Director Dinesh Kumar Gupta (DIN: 01303034) has ceased to be a member of the company’s Board with effect from April 15, 2026.
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed entities to promptly inform stock exchanges about key changes in board composition.
Tenure Completion Leads to Board Exit
According to the official exchange filing, Dinesh Kumar Gupta has stepped down following the completion of his fixed tenure as outlined in an order issued by the Ministry of Steel, Government of India, dated April 15, 2025.
The company clarified that his exit is not due to any disagreement or governance concern, but purely a routine cessation after the expiry of his designated term as Independent Director.
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Regulatory Disclosure Under SEBI LODR
MOIL Limited confirmed that the board-level change has been duly reported under SEBI LODR norms. Such disclosures are part of standard compliance requirements for all listed public sector enterprises to ensure transparency and investor awareness.
The company emphasized that the transition is part of its regular governance cycle and will not impact ongoing operations or strategic decision-making.
Board Transition and Governance Continuity
During his tenure, Dinesh Kumar Gupta contributed to the company’s governance framework by providing independent oversight and strategic inputs as part of the board’s decision-making process.
Following his exit, the company is expected to undertake necessary steps to maintain compliance with board composition norms as prescribed under corporate governance regulations.
About MOIL Limited
MOIL Limited is a Miniratna Category-I public sector enterprise under the Ministry of Steel and accounts for nearly 50% of India’s manganese ore production. With multiple mining operations across the country, MOIL plays a crucial role in supporting India’s steel and alloy industries while maintaining a strong presence in the global manganese market.
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