Orissa Minerals Development Company Ltd

Dematerialisation confirmation and record update

• Dematerialisation requests processed (accepted/rejected) and securities listed on exchanges.
• Physical certificates for dematerialisation mutilated and cancelled after verification; depository name substituted as registered owner within prescribed timelines.

Govt. Director appointment

• Ministry of Steel appoints Daya Nidhan Pandey as Government Director on OMDC Board, effective 12 October 2026.
• S. Sharad Rao ceases to be a Director on the OMDC Board.
• Appointment pursuant to MoS Order No. S-14011/1/2022-BLA dated 12 October 2026.
• Pandey is Joint Secretary, Ministry of Steel; IAS 2006 batch; holds BA, MA, MPA.
• Term until further orders or earlier cessation per Articles of Association.
• Disclosure under SEBI LODR Regulation 30; governance change only; no financial terms disclosed.

Appointment of statutory auditors

• CAG appoints SDR & Associates as OMDC statutory auditors for FY 2026-27.
• Holding company auditors will also audit OMDC's Consolidated Financial Statements.
• Remuneration and audit fees for 2026-27 to be intimated after 2025-26 accounts finalised.
• The appointment is subject to Annexure-I terms in the CAG policy.
• Annexure-II lists SDR & Associates as statutory auditor for OMDC.

Board governance

• Ministry of Steel appoints Daya Nidhan Pandey as Government Director on OMDC board, effective 12 Oct 2026.
• He replaces S. Sharad Rao; tenure until further orders.
• MoS order No. S-14011/1/2022-BLA dated 12 Oct 2026 formalizes appointment.
• New director is a 2006 IAS batch officer, currently Joint Secretary, Ministry of Steel.
• Cessation of the previous Government Director on the OMDC board.
• No material financial implications disclosed.

Auditor Appointment

• Appointed SDR & Associates as Statutory Auditor for FY 2026-27.
• Appointment by the CAG under Section 139 of Companies Act 2013.
• Holding company auditors will also audit Consolidated Financial Statements.
• Remuneration governed by Section 142; revisions for 2026-27 to be intimated after 2025-26 finalisation.
• Annexure II lists SDR & Associates as Statutory Auditor for 2026-27.
• Company will contact auditors individually with intimation to the CAG.

Board appointment

• Shri GVN Prasad nominated as Non-Executive Director on OMDC board, effective 16 September 2026.
• Nominated by Rashtriya Ispat Nigam Limited (RINL); replaces Arun Kanti Bagchi.
• Appointment date: 16 September 2026.
• Background: Metallurgical engineer; long RINL career; previous GM Marketing.
• RINL is ultimate holding company; disclosure under SEBI LODR Regulation 30.

Board approval

• Board approved unaudited standalone results for quarter ended 30 June 2026.

Audit status

• Independent auditor issued limited review report; not an audit.

Going concern & Emphasis

• Emphasis of matter notes mining operations suspended for Belkundi and Bhadrasahi mines.

New mining operation

• Bagiaburu Iron Mines started operating from 14 December 2023.

Land holdings

• Total freehold land 180.82 acres; OMDC holds 5.423 acres.
• 910 acres in Bird & Co.; 3.393 acres possessed by OMDC via adverse possession.
• 098 acres in BPMEL.

Lease & going concern

• Mining leases undergoing renewal; results prepared on going concern basis.

Board meeting timing

• Meeting commenced 10:30 AM and concluded 3:30 PM.