News Announcement

MMTC: Results-Delay in Financial Results

As you are aware MMTC Ltd is a Govt. of India Enterprise under the administrative control of MOC&I GoI. 2. Due to recent financial problems in MMTC the companys business/offices have been severely downsized and further advised for reduction in manpower through VRS with MOC approval. This has resulted in some operational issues leading to delay in receipt of accounts/details from regional offices. CAG/Statutory Auditor queries on the accounts for the year 2021-22 are also being addressed which may have an effect of first quarter accounts for 2022-23. MMTC is trying to finalise the accounts by the end of this month. 3.Keeping the above circumstances in view we request the Stock Exchanges to extend the time limit for consideration and approval of Unaudited Financial Results (both stand alone and consolidated) for the quarter ended on 30.6.2022 by the Board of Directors of MMTC Ltd by the end of August 2022 and subsequent announcement of Annual Audited Results thereafter.

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