MSTC LIMITED : FINE LEVIED BY BSE AND NSE

• The Company has been levied a fine of ₹5,36,900 each by NSE and BSE for non-compliance regarding Board composition. • The fine pertains to Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. • MSTC Limited clarified that as a Mini Ratna Category-I PSU, Directors are appointed by the President of India through the Ministry of Steel. • Continuous efforts were made to meet compliance requirements, and the company followed up with the Ministry of Steel for the appointment of independent directors. • Shri Siraiong Singpho and Shri Niwas Mandal were nominated as Non-Official Independent Directors on July 14, 2026, and appointed by the Board on July 18, 2026. • With their appointment, the company is now fully compliant with Regulation 17 from July 18, 2026. • The Stock Exchanges have been requested to waive off the fine. Impact: Neutral (Administrative penalty due to delayed board appointments, now resolved with no financial impact.)

Mstc Limited

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