# MMTC (MMTC) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/mmtc

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹60.38
- Change: +0.40%
- As of: 2026-09-18
- 1D return: +0.22%
- 5D return: -3.15%
- 1M return: -9.05%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, MMTC's stock is trading below key moving averages on the daily and monthly charts, indicating a bearish technical stance across these shorter to medium-term timeframes. The weekly chart, however, shows the price above its Supertrend indicator, suggesting a potential divergence or a less negative short-term outlook on that timeframe. Daily momentum appears weak, with the price below its 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), and the Supertrend is also in a bearish direction. This is contrasted by the weekly timeframe where the Supertrend is bullish, though the price remains below its weekly EMAs and SMAs. Monthly indicators also show the price below its EMAs and SMAs, reinforcing the bearish trend on that longer timeframe. The stock is currently trading near its nearest support level of ₹60.21, which is approximately 0.1% below the current price of ₹60.27. The nearest resistance is observed at ₹60.67, about 0.66% above the current price. The stock's current drawdown stands at -0.3%, with an annualized volatility of 48% and an Average True Range (ATR) of 2.72% of the current price, indicating elevated risk.

Recent market activity shows 3 positive attention events and 1 downside event in the last 30 days, with no neutral events. No specific chart patterns are currently active, with the latest formations like 'Inside Bar' and 'Outside Bar' on the daily timeframe having passed without continuation. The stock is positioned in the lower half of its 20-day and 50-day trading ranges, and closer to the lower end of its 252-day range.

Key watch conditions include monitoring the price action around the immediate support at ₹60.21 and resistance at ₹60.67. A sustained move below ₹60.21 could test the next support level at ₹59.68. Conversely, a break above ₹60.67, followed by a move past the ₹61.20 resistance, would be needed to challenge the more significant resistance at ₹67.58 and potentially signal a shift in the daily trend. Given the mixed signals between daily/monthly bearishness and weekly bullish Supertrend, close attention to price action at these levels is crucial.

- Current price on September 18, 2026, is ₹60.27.
- Nearest support level is ₹60.21 (0.1% below current price).
- Nearest resistance level is ₹60.67 (0.66% above current price).
- Daily and monthly timeframes show price below key moving averages and a bearish Supertrend.
- Weekly timeframe shows a bullish Supertrend, but price remains below weekly moving averages.
- Annualized volatility is 48% and current drawdown is -0.3%.

- Inside Bar
- Outside Bar
- Bearish Engulfing Reversal

### News Context

MMTC Limited announced a change in its statutory auditors, with the Comptroller and Auditor General of India appointing M/s R S P H & Associates for the financial year 2026-27. This appointment was formally communicated on September 16, 2026, and is subject to conditions. The company also held its 63rd Annual General Meeting on September 17, 2026, where shareholders approved the financial statements for the year ended March 31, 2026, and the appointment of auditors. During the AGM, new directors were appointed, including Jatinderjit Singh Mann as Director (Marketing) and Kundan Kumar Mishra as Director (Finance), along with two Non-executive Government Nominee Directors. In a separate filing on August 31, 2026, MMTC disclosed non-compliance with certain SEBI (LODR) Regulations due to the absence of Independent Directors on its Board, which prevents the formation of mandatory Board Sub-Committees. The company noted that director appointments are made by the Ministry of Commerce & Industry and it regularly informs the Department of Commerce of the need for such appointments.

- On September 17, 2026, MMTC Limited appointed M/s R S P H & Associates as its Statutory Auditor for FY 2026-27, effective immediately.
- The company's 63rd AGM, held on September 17, 2026, saw the adoption of FY26 financial statements and approval of the new statutory auditors.
- New directors were appointed at the AGM on September 17, 2026, including Jatinderjit Singh Mann (Director-Marketing) and Kundan Kumar Mishra (Director-Finance).
- MMTC Limited disclosed on August 31, 2026, that it is non-compliant with SEBI (LODR) Regulations due to a lack of Independent Directors, preventing the formation of required Board Sub-Committees.

- MMTC Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- MMTC Limited has informed the Exchange about Summary of Proceedings of 63rd AGM held on Thursday, 17.09.2026 at 11:00 A.M. |SUBJECT: General Updates
- MMTC LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- MMTC Limited has informed the Exchange regarding 'MMTC Limited has informed the Exchange regarding the receipt of 458 requests for Re-Lodgment of Transfer requests of Physical Shares as per SEBI Circular No. HO/38/13/11 (2) 2026-MIRSD-POD/I/3750/2026 dated January 30, 2026' for August 2026'. |SUBJECT: Updates
- MMTC Limited has informed the exchange regarding clarification pertaining to Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A) & 21(2) of SEBI (LODR) Regulations,2015 |SUBJECT: General Updates

### What Changed

MMTC Limited's 63rd Annual General Meeting (AGM) was held on September 17, 2026. During the AGM, shareholders approved financial statements for the year ended March 31, 2026, and appointed auditors for the fiscal year 2026-27. The company also announced the appointment of new directors, including Jatinderjit Singh Mann as Director (Marketing) and Kundan Kumar Mishra as Director (Finance). Additionally, Ms. Nigar Fatima Husain and A.K.M. Kashyap were appointed as Non-executive Government Nominee Directors. On the same day, RSPH & Associates were appointed as the Statutory Auditor for a 12-month term. The company's stock saw a slight increase, closing at ₹60.27 on September 18, 2026, compared to ₹60.14 the previous day.

- MMTC Limited held its 63rd AGM on September 17, 2026, adopting financial statements for the year ended March 31, 2026.
- New directors appointed include Jatinderjit Singh Mann (Director - Marketing), Kundan Kumar Mishra (Director - Finance), Ms. Nigar Fatima Husain, and A.K.M. Kashyap (Non-executive Government Nominee Directors) on September 17, 2026.
- RSPH & Associates appointed as Statutory Auditor for a 12-month term, effective September 17, 2026.
- Stock closed at ₹60.27 on September 18, 2026, up from ₹60.14 on September 17, 2026.

- MMTC Limited has informed the Exchange about Summary of Proceedings of 63rd AGM held on Thursday, 17.09.2026 at 11:00 A.M. |SUBJECT: General Updates
- MMTC LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA

### Official Filings

MMTC Limited has undergone a change in its statutory auditors, with the Comptroller and Auditor General of India appointing M/s R S P H & Associates as the new auditor for the financial year 2026-27. This appointment was confirmed at the company's 63rd Annual General Meeting (AGM) held on September 17, 2026, where shareholders also adopted the financial statements for the year ended March 31, 2026. The AGM also saw the approval of new directors, including Jatinderjit Singh Mann as Director (Marketing) and Kundan Kumar Mishra as Director (Finance). Separately, MMTC disclosed a non-compliance with certain SEBI (LODR) Regulations as of August 31, 2026, due to the absence of Independent Directors on its Board, which prevents the formation of mandatory Board Sub-Committees. The company noted that director appointments are made by the Ministry of Commerce & Industry.

- M/s R S P H & Associates appointed as Statutory Auditor for FY 2026-27, confirmed at the 63rd AGM on September 17, 2026.
- Audited standalone and consolidated financial statements for the year ended March 31, 2026, were adopted at the 63rd AGM on September 17, 2026.
- Jatinderjit Singh Mann appointed Director (Marketing) and Kundan Kumar Mishra appointed Director (Finance) at the 63rd AGM on September 17, 2026.
- MMTC Limited disclosed non-compliance with SEBI (LODR) Regulations as of August 31, 2026, due to the lack of Independent Directors.
- Zero requests for re-lodgment of physical share transfers were processed in August 2026, as reported on September 8, 2026.

- MMTC Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- MMTC Limited has informed the Exchange about Summary of Proceedings of 63rd AGM held on Thursday, 17.09.2026 at 11:00 A.M. |SUBJECT: General Updates
- MMTC LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- MMTC Limited has informed the Exchange regarding 'MMTC Limited has informed the Exchange regarding the receipt of 458 requests for Re-Lodgment of Transfer requests of Physical Shares as per SEBI Circular No. HO/38/13/11 (2) 2026-MIRSD-POD/I/3750/2026 dated January 30, 2026' for August 2026'. |SUBJECT: Updates
- MMTC Limited has informed the exchange regarding clarification pertaining to Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A) & 21(2) of SEBI (LODR) Regulations,2015 |SUBJECT: General Updates
- MMTC Limited has informed the Exchange regarding Notice of 63rd Annual General Meeting to be held on Thursday, September 17, 2026 at 11:00 A.M. |SUBJECT: Shareholders meeting
- MMTC LIMITED has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 17-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- MMTC Limited has informed the Exchange about Copy of Newspaper Publication of Notice of 63rd AGM of MMTC Limited to be held on Thursday, 17.09.2026 at 11:00 a.m. |SUBJECT: Copy of Newspaper Publication
- AS ON DATE : 24-AUG-26
- Significant increase in volume has been observed in MMTC Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. MMTC Limited has submitted their response. |SUBJECT: Spurt in Volume

### Fundamentals

MMTC's recent operating performance shows a notable shift, with revenue from operations increasing from ₹34 lakh in Q3 FY2025-26 to ₹68 lakh in Q1 FY2026-27. This top-line growth has been accompanied by a significant improvement in profitability. Profit Before Exceptional Items And Tax swung from a loss of ₹80.52 crore in Q4 FY2025-26 to a profit of ₹124.50 crore in Q1 FY2026-27. Similarly, Profit Loss For Period (PAT) recovered from a loss of ₹126.03 crore in Q4 FY2025-26 to a profit of ₹104.24 crore in Q1 FY2026-27. The company also reported a reduction in finance costs, decreasing from ₹31 lakh in Q3 FY2025-26 to ₹5 lakh in Q1 FY2026-27. The tax expense also saw a substantial increase, moving from a negative ₹16.15 crore in Q4 FY2025-26 to a positive ₹30.82 crore in Q1 FY2026-27, reflecting the improved profitability.

Key monitoring areas include the sustainability of this revenue growth and the resulting profitability. Investors should observe whether the positive trend in Profit Before Exceptional Items And Tax and Profit Loss For Period continues in subsequent quarters. The significant swing in tax expense also warrants attention to understand its drivers in relation to the company's earnings.

- Revenue from operations increased from ₹34 lakh in Q3 FY2025-26 to ₹68 lakh in Q1 FY2026-27.
- Profit Before Exceptional Items And Tax turned from a loss of ₹80.52 crore in Q4 FY2025-26 to a profit of ₹124.50 crore in Q1 FY2026-27.
- Profit Loss For Period (PAT) recovered from a loss of ₹126.03 crore in Q4 FY2025-26 to a profit of ₹104.24 crore in Q1 FY2026-27.
- Finance costs decreased from ₹31 lakh in Q3 FY2025-26 to ₹5 lakh in Q1 FY2026-27.
- Tax expense increased from a negative ₹16.15 crore in Q4 FY2025-26 to a positive ₹30.82 crore in Q1 FY2026-27.

### Bull Case

The company's weekly trend shows a bullish SuperTrend signal, indicating a potential upward movement in the short to medium term. This is supported by a positive SuperTrend value of 53.15 on the weekly chart. However, both daily and monthly trends are currently exhibiting bearish SuperTrend signals, suggesting caution is warranted as these longer timeframes indicate prevailing downward pressure.

- Weekly SuperTrend is bullish at 53.15 as of 2026-09-18.
- Daily SuperTrend is bearish, indicating short-term downward pressure.
- Monthly SuperTrend is also bearish, suggesting a longer-term downward trend.

### Bear Case

MMTC's recent performance and technical indicators suggest a cautious outlook. The stock's price has been trending downwards, with key moving averages like the 20-day and 50-day Simple Moving Averages (SMA) showing negative slopes. The Supertrend indicator is also signaling a bearish trend on both daily and monthly timeframes. Furthermore, the company has experienced significant drawdowns, with a current drawdown of -30% and a maximum drawdown of -39%, indicating substantial past price depreciation. Recent period returns are also predominantly negative, with a -8% year-to-date return and a -20% return over the last three months.

- The daily Supertrend indicator is bearish as of 2026-09-18.
- The monthly Supertrend indicator is bearish as of 2026-09-18.
- The 20-day Exponential Moving Average (EMA) has a negative slope of -1.09 over 5 periods.
- The 50-day Simple Moving Average (SMA) has a negative slope of -0.47 over 5 periods.
- The company's current drawdown is -30% and its maximum drawdown is -39%.
- Year-to-date returns are -8% as of 2026-09-18.
- Returns over the last 3 months are -20% as of 2026-09-18.

### FAQs

**What is the company's current technical trend and what are the key support and resistance levels?**

As of September 18, 2026, MMTC Limited's daily trend is showing a bearish Supertrend direction with a value of 65.24. The closing price was ₹60.27, below the 20-day Exponential Moving Average (EMA) of ₹62.19 and the 50-day EMA of ₹63.29. Key support levels to watch are ₹60.21 (pivot), ₹59.68, and ₹59.22. Resistance is noted at ₹60.67, ₹61.20, and ₹61.66.

**What are the recent changes in MMTC's auditor and board appointments?**

On September 17, 2026, MMTC Limited announced the appointment of M/s R S P H & Associates as its Statutory Auditor for the financial year 2026-27, effective immediately. The company also held its 63rd Annual General Meeting on the same date, where shareholders approved the appointment of statutory auditors and passed resolutions to appoint Jatinderjit Singh Mann as Director (Marketing), Kundan Kumar Mishra as Director (Finance), and Ms. Nigar Fatima Husain and A.K.M. Kashyap as Non-executive Government Nominee Directors.

**What is the reason for MMTC's non-compliance with SEBI (LODR) Regulations 2015?**

As of August 31, 2026, MMTC Limited disclosed non-compliance with several SEBI (LODR) Regulations 2015, specifically Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A), and 21(2). This is due to the absence of Independent Directors on its Board, which prevents the company from forming mandatory Board Sub-Committees. MMTC, being a Government of India enterprise, stated that director appointments are made by the Ministry of Commerce & Industry and that it has been regularly communicating the need for such appointments.

**What has been MMTC's stock performance over different periods?**

As of September 18, 2026, MMTC Limited has experienced varied returns across different periods. The stock has seen a 0.0% return in the last day, a -0.05 return over the last month, and a -0.09 return over the last year. Year-to-date, the return is -0.08. Longer-term returns include -0.03 over 10 days and -0.19 since the start.

- MMTC Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors
- MMTC Limited has informed the Exchange about Summary of Proceedings of 63rd AGM held on Thursday, 17.09.2026 at 11:00 A.M. |SUBJECT: General Updates
- MMTC LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- MMTC Limited has informed the Exchange regarding 'MMTC Limited has informed the Exchange regarding the receipt of 458 requests for Re-Lodgment of Transfer requests of Physical Shares as per SEBI Circular No. HO/38/13/11 (2) 2026-MIRSD-POD/I/3750/2026 dated January 30, 2026' for August 2026'. |SUBJECT: Updates
- MMTC Limited has informed the exchange regarding clarification pertaining to Regulations 17(1), 18(1), 19(1)/19(2), 20(2)/(2A) & 21(2) of SEBI (LODR) Regulations,2015 |SUBJECT: General Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Insufficient History
- Pivot point: ₹60.21
- Risk regime: Price Risk Requires Attention

### Support levels
- 53.4825
- 52.5
- 51.40875

### Resistance levels
- 67.58
- 70.8375
- 71.684375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.22% |
| return_10 | -3.29% |
| return_1m | -5.15% |
| return_1y | -9.15% |
| return_20 | -9.05% |
| return_3m | -19.59% |
| return_5 | -3.15% |
| return_6m | -3.83% |
| return_since_start | -18.59% |
| return_ytd | -8.28% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -39.26% |
| annualized_volatility | +47.84% |

## Quarterly financials

- Latest complete quarter: fy27_q1

## Profit surges on unallocable income; core revenue remains minimal

MMTC reported a sharp increase in profit before tax to ₹124.55 crore in Q1 FY2026-27, up 171% from ₹45.88 crore in the same quarter last year. This profit was generated despite revenue from operations of only ₹68 lakh, which remained at a very low level. The quarter’s profitability was driven by a large net unallocable income of ₹101.53 crore, while exceptional items were negligible. Net profit rose to ₹104.24 crore from ₹44.26 crore a year ago, though it fell 17% from the preceding quarter, which had benefited from a large exceptional gain and a negative tax expense.

## Revenue from operations remains minimal

Revenue from operations was ₹68 lakh in Q1 FY2026-27, a slight increase from ₹61 lakh in the previous quarter but a 50% decline from ₹1.36 crore in Q1 FY2025-26. The absolute level is very low, and over the past year it has ranged between ₹34 lakh and ₹1.36 crore per quarter. Total income (turnover) for the quarter was ₹146.12 crore, almost entirely from other income of ₹145.44 crore, highlighting that the company’s trading activity is not captured in the revenue from operations line.

## Profitability driven by large unallocable income

Profit before exceptional items and tax was ₹124.50 crore, a sharp turnaround from a loss of ₹80.52 crore in the previous quarter and up from ₹45.87 crore in Q1 last year. Exceptional items before tax were only ₹5 lakh, so profit before tax of ₹124.55 crore was almost entirely from operations before exceptional items. The largest contributor was the ‘Other Unallocable Expenditure Net Off Un Allocable Income’ line, which showed a net income of ₹101.53 crore. This line has been a net income in most recent quarters, though its size varies: it was ₹78.12 crore in Q4 and ₹17.35 crore in Q1 last year.

Segment profit before tax was ₹135.06 crore, up 22.9% from the previous quarter and 152.6% from the same quarter last year. Overall profit before tax was ₹124.55 crore. The company also reported employee benefit expense of ₹14.70 crore, depreciation of ₹70 lakh, and finance costs of ₹5 lakh, which are modest relative to the other income and unallocable income.

## Tax expense turns positive

Tax expense was ₹30.82 crore, resulting in an effective tax rate of approximately 24.7% on profit before tax. This contrasts with the previous quarter, when tax expense was a negative ₹16.15 crore, which had increased net profit. In Q1 last year, tax expense was ₹9.21 crore.

## Net profit declines sequentially but rises year-over-year

Net profit for the period was ₹104.24 crore, down 17.3% from ₹126.03 crore in the previous quarter but up 135.5% from ₹44.26 crore in Q1 last year. The sequential decline reflects the absence of the large exceptional gain of ₹96.06 crore and the negative tax charge that boosted the previous quarter’s net profit. The year-over-year increase was driven by a much larger unallocable net income compared to the same quarter last year.

## Key Takeaway

MMTC’s Q1 FY2026-27 profit before tax surged year-over-year, driven by a large unallocable net income, while trading revenue remained minimal. The company’s earnings continue to depend heavily on unallocable items rather than

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_17092026134253_ilovepdf_merged__7_.pdf)
- 2026-09-17 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_17092026170159_AGMPSD.pdf)
- 2026-09-17 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3031_WebXMLFile_20260917_171457056.xml)
- 2026-09-08 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_08092026125407_relodgement_SD_merged.pdf)
- 2026-08-31 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_31082026133925_reply.pdf)
- 2026-08-24 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_24082026131157_NOTICEFILINGF.pdf)
- 2026-08-24 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_3031_WebXMLFile_20260824_134912965.xml)
- 2026-08-24 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_24082026145110_npfilingSDF.pdf)
- 2026-08-23 — Annual Report: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_30544_MMTC_2025_2026_A_16793949_24082026152651.pdf)
- 2026-08-21 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_21082026102510_spurt_sd.pdf)
- 2026-08-13 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_13082026123237_NP_FILINGJUNE2026_sd__1_.pdf)
- 2026-08-11 — Litigation Disclosure: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_11082026191611_Final_PDF_sd.pdf)
- 2026-08-11 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_11082026111225_relodgement_pdf_mergedSD.pdf)
- 2026-08-11 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_11082026193713_sfs_siaq.pdf)
- 2026-08-07 — Management Change: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3031_WebXMLFile_20260807_144615129.xml)
- 2026-08-07 — Management Change: Shri Kundan Kumar Mishra has been appointed as Director (Finance) on the Board of MMTC Limited, effective August 3, 2026. This appointment, approved by the Government of India's Department of Commerce, is for a period of five years. Shri Mishra, aged 54, is a Fellow Member of Cost & Works Accountant with 28 years of experience and is not related to any existing directors. — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_07082026142555_KKMFILINGsd.pdf)
- 2026-08-07 — Management Change: Shri Kundan Kumar Mishra has been appointed as Director (Finance) on the Board of MMTC Limited, effective August 3, 2026. This appointment was approved by the Government of India's Department of Commerce and is for a period of five years. Shri Mishra, aged 54, is a Fellow Member of Cost & Works Accountant with 28 years of experience, including prior roles at NTPC Limited and as DGM/CFO at KBUNL. — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_07082026145527_final.pdf)
- 2026-08-04 — Official Filing: MMTC LIMITED announced an Audit Committee Meeting scheduled for August 11, 2026, to consider unaudited standalone and consolidated financial results for the quarter ended June 2026. The trading window will be closed from July 1, 2026, to August 16, 2026.
- 2026-08-03 — Generic Announcement: MMTC Limited informed the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited that the tenure of Shri Nabarun Nayak as Non-Executive Independent Director on the Board of MMTC Limited expired on August 2, 2026. This change in directorship was intimated on August 3, 2026, in accordance with Regulation 30 of SEBI (LODR) Regulations 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_03082026112342_Nabarun_Nayak_sd.pdf)
- 2026-08-03 — Generic Announcement: MMTC Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3031_WebXMLFile_20260803_104244765.xml)
- 2026-07-15 — Generic Announcement: MMTC Limited provided clarifications to the National Stock Exchange regarding submission discrepancies. The company stated that the Statement of Impact of Audit Qualifications was submitted late due to a medical emergency of the Audit Committee Chairperson, but has since been filed in PDF and XBRL formats with acknowledgment numbers provided. Machine-readable financial results and XBRL filings with corrected EPS figures were also submitted after initial technical issues and a typing error. Separately, MMTC Limited submitted the Statement on Impact of Audit Qualifications for the financial year ended March 31, 2026, to both BSE and NSE on June 16, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_15072026102201_Reply_to_NSE.pdf)
- 2026-07-06 — Generic Announcement: MMTC Limited has submitted a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. The certificate, issued by MCS Share Transfer Agent, confirms that securities received for dematerialization have been listed on stock exchanges and the original certificates have been cancelled and replaced with the depository's name as the registered owner. — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_06072026154803_Merged_sd.pdf)
- 2026-07-06 — Generic Announcement: MMTC Limited, through its Registrar and Transfer Agent MCS Share Transfer Agent Limited, has reported on requests for re-lodgment of physical share transfers under a SEBI circular dated January 30, 2026. During June 2026, 0 requests were received, 0 were processed, 0 were approved, and 0 were rejected. The filing also lists specific reasons for rejection for various transfer requests, including signature discrepancies and missing documentation. — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_06072026154330_stock_exchanged_merged_sd.pdf)
- 2026-06-24 — Generic Announcement: MMTC Limited will close its trading window for dealing in securities from July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ending June 30, 2026. This closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. The exact date of the results declaration will be communicated separately. — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_24062026111007_trading_window_cover_june_2026_sd.pdf)
- 2026-06-22 — Generic Announcement: MMTC Limited is reminding shareholders that equity shares with unclaimed dividends for seven consecutive years, including the final dividend for FY 2018-19, are liable for transfer to the Investor Education and Protection Fund (IEPF) Authority. Shareholders who have not claimed their dividends are requested to contact the company or its Registrar & Transfer Agents, MCS Share Transfer Agents Limited, by July 15, 2026, to claim unpaid dividends. Failure to do so will result in the transfer of their shares to the IEPF account, after which no claim against the company will be valid for those shares. — [Official attachment](https://nsearchives.nseindia.com/corporate/ajaymisra_22062026160108_FINALIEPFsd.pdf)

## News and market events

- 2026-08-20 — BUSINESS: **Volumes spurt at MMTC Ltd counter** — MMTC Ltd notched up volume of 373.46 lakh shares by 14:14 IST on NSE, a 29.12 fold spurt over two-week average daily volume of 12.82 lakh shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-spurt-at-mmtc-ltd-counter-126082000669_1.html)
- 2026-08-20 — CNBC-TV18: **This PSU is up 8% as markets bounce back from slump; Here's a look at the top Nifty 500 movers at market open** — Some Nifty 500 stocks rallied as others slipped on reasons including crude oil's extended rise. Here's a look at today's top gainers and losers at market open — [Source](https://www.cnbctv18.com/photos/market/nifty-500-top-gainers-losers-market-open-muthoot-finance-hdb-financial-hindalco-mmtc-oil-india-19973249.htm)

## Business profile

**Strategic vision:** Facilitates international trade and earns foreign exchange for India.

### Business segments
- **Minerals:** The company trades in various minerals, including iron ore and manganese ore.
- **Metals:** This segment includes precious metals as well as non-ferrous metals.
- **Agro Products:** MMTC is involved in the trade of a range of agricultural commodities.
- **Coal & Hydrocarbons:** The company engages in the trading of coal and hydrocarbon products.
- **Fertilizer:** MMTC facilitates the import of essential fertilizers.
- **General Trade/Others:** This segment covers a variety of other trading activities, including third-country trade, joint ventures, and link deals, leveraging modern forms of international trading.

### Competitive strengths
- Government of India undertaking status
- Established international trading operations
- Extensive global network of channel partners and distribution

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/mmtc
Markdown representation: https://faxioms.com/stocks/mmtc?render=md