| Scrip Code | 513377 |
|---|---|
| NSE Symbol | MMTC |
| MSEI Symbol | NOTLISTED |
| ISIN | INE123F01029 |
| Name of company | MMTC LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 11-08-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 04-08-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | First quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 11-08-2026 15:30:00 |
| End date and time of board meeting | 11-08-2026 18:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 68.00 | 68.00 | |
| Other income | 14,544.00 | 14,544.00 | |
| Total income | 14,612.00 | 14,612.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 1,470.00 | 1,470.00 |
| (e) | Finance costs | 5.00 | 5.00 |
| (f) | Depreciation, depletion and amortisation expense | 70.00 | 70.00 |
| (f) | Other Expenses | ||
| 1 | (i) Operating expenses | 25.00 | 25.00 |
| 2 | (ii) Administrative expenses | 592.00 | 592.00 |
| 3 | (iii) Others | 0.00 | 0.00 |
| Total other expenses | 617.00 | 617.00 | |
| Total expenses | 2,162.00 | 2,162.00 | |
| 3 | Total profit before exceptional items and tax | 12,450.00 | 12,450.00 |
| 4 | Exceptional items | 5.00 | 5.00 |
| 5 | Total profit before tax | 12,455.00 | 12,455.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 3,082.00 | 3,082.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 3,082.00 | 3,082.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 9,373.00 | 9,373.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 1,051.00 | 1,051.00 |
| 16 | Total profit (loss) for period | 10,424.00 | 10,424.00 |
| 17 | Other comprehensive income net of taxes | 4,151.00 | 4,151.00 |
| 18 | Total Comprehensive Income for the period | 14,575.00 | 14,575.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 10,424.00 | 10,424.00 | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 4,151.00 | 4,151.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 15,000.00 | 15,000.00 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.69 | 0.69 | |
| Diluted earnings (loss) per share from continuing operations | 0.69 | 0.69 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.69 | 0.69 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.69 | 0.69 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-04-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-06-2026 | 30-06-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | a) Precious Metals | 0.00 | 0.00 | ||||
| 2 | b) Metals | 0.00 | 0.00 | ||||
| 3 | c) Minerals | 0.00 | 0.00 | ||||
| 4 | d) Coal & Hydrocarbon | 0.00 | 0.00 | ||||
| 5 | e) Agro Products | 0.00 | 0.00 | ||||
| 6 | f) Fertilizer | 0.00 | 0.00 | ||||
| 7 | g) Others | 0.00068 | 0.00068 | ||||
| Total Segment Revenue | 68.00 | 68.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 68.00 | 68.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | a) Precious Metals | 0.00 | 0.00 | ||||
| 2 | b) Metals | 0.00 | 0.00 | ||||
| 3 | c) Minerals | 0.00 | 0.00 | ||||
| 4 | d) Coal & Hydrocarbon | 0.00 | 0.00 | ||||
| 5 | e) Agro Products | 0.00 | 0.00 | ||||
| 6 | f) Fertilizer | 0.00 | 0.00 | ||||
| 7 | g) Others | 43.00 | 43.00 | ||||
| Total Profit before tax | 43.00 | 43.00 | |||||
| i. Finance cost | (3,310.00) | (3,310.00) | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (10,153.00) | (10,153.00) | |||||
| Profit before tax | 13,506.00 | 13,506.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | a) Precious Metals | 1,934.00 | 1,934.00 | ||||
| 2 | b) Metals | 970.00 | 970.00 | ||||
| 3 | c) Minerals | 1,759.00 | 1,759.00 | ||||
| 4 | d) Coal & Hydrocarbon | 19,307.00 | 19,307.00 | ||||
| 5 | e) Agro Products | 5,132.00 | 5,132.00 | ||||
| 6 | f) Fertilizer | 1,752.00 | 1,752.00 | ||||
| 7 | g) Others | 2,642.00 | 2,642.00 | ||||
| Total Segment Asset | 33,496.00 | 33,496.00 | |||||
| Un-allocable Assets | 2,62,994.00 | 2,62,994.00 | |||||
| Net Segment Asset | 2,96,490.00 | 2,96,490.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | a) Precious Metals | 1,819.00 | 1,819.00 | ||||
| 2 | b) Metals | 606.00 | 606.00 | ||||
| 3 | c) Minerals | 2,295.00 | 2,295.00 | ||||
| 4 | d) Coal & Hydrocarbon | 37,375.00 | 37,375.00 | ||||
| 5 | e) Agro Products | 3,089.00 | 3,089.00 | ||||
| 6 | f) Fertilizer | 2,288.00 | 2,288.00 | ||||
| 7 | g) Others | 448.00 | 448.00 | ||||
| Total Segment Liabilities | 47,920.00 | 47,920.00 | |||||
| Un-allocable Liabilities | 21,923.00 | 21,923.00 | |||||
| Net Segment Liabilities | 69,843.00 | 69,843.00 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | -Remeasurements of the defined benefit plans | 5.00 | 5.00 |
| 2 | -Equity Instruments through other comprehensive income | 4,145.00 | 4,145.00 |
| 3 | -Share of Other Comprehensive Income in Joint Venture (net of tax) | 1.00 | 1.00 |
| Total Amount of items that will not be reclassified to profit and loss | 4,151.00 | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 4,151.00 | 4,151.00 |
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | DINESH JAIN & ASSOCIATES | Yes | 31-03-2029 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 14,612.00 | 14,612.00 |
| 2 | Total Expenditure | 2,157.00 | 10,439.00 |
| 3 | Net Profit/(Loss) | 10,424.00 | 2,142.00 |
| 4 | Earnings Per Share | 0.69 | 0.14 |
| 5 | Total Assets | 2,96,490.00 | 2,96,490.00 |
| 6 | Total Liabilities | 2,96,490.00 | 2,96,490.00 |
| 7 | Net Worth | 2,26,647.00 | 2,18,365.00 |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| Textual Information(1) | We draw attention to note no. 1 of the accompanying statement, which states that, in respect of the Anglo-Coal case, an amount of Rs. 1088.62 crore (comprising Rs.1087.76 crore deposited with the court and Rs.0.86 crore attached from the company’s bank account) had been deposited with the Hon’ble Delhi High Court. The final determination of the amount is subject to the judgement/clarification of the Hon’ble Court. The Hon’ble Delhi High Court, vide its order dated 09.05.2025, directed that “the decree holder [Anglo] shall be entitled to withdraw the said amount along with up-to-date accrued interest after the expiry of two weeks from today”. The SLP filed by the company before the Hon’ble Supreme Court was dismissed by order dated 03.11.2025. Thereafter, the Company filed an application before the Hon’ble Delhi High Court on 03.11.2025 admitting a total liability of Rs.1169.14 crore, including interest calculated up-to 01.11.2025. Subsequently, pursuant to the order of the Hon’ble Delhi High Court dated 10.11.2025, an amount of Rs.1000 crore was released to Anglo on 17.11.2025. Based on the management’s calculations, the estimated remaining liability of the company towards Anglo coal as on 17.11.2025 amounts to Rs.170.58 crore, including interest calculated up to 17.11.2025. Accordingly, the estimated present obligation of the company in respect of the aforesaid matter amounts to Rs. 170.58 crore, against which the company has recognised a provision of Rs. 87.76 crore only. This has resulted in non-recognition of provision to the extent of Rs. 82.82 crore. The company, instead of making a provision of Rs.82.82 crore, has included this amount in its contingent liabilities due to which provision has been understated and contingent liabilities have been overstated by Rs.82.82 crores. The non-recognition of provision to the extent of Rs.82.82 crore constitutes a departure from the accounting standards as prescribed under section 133 of the Act. Had the amount of Rs.82.82 crore been provided by the company, the provisions would have been increased by Rs.82.82 crore and the shareholders’ funds would have been reduced by the said amount. Our Audit report on the financial results of the Company for the quarter and year ended 31st March 2026 dated 29th May 2026 was also qualified in respect of this matter. |
|---|---|
| Textual Information(2) | The qualification of the Statutory Auditors pertains to non-recognition of additional provision amounting to Rs. 82.82 crore in relation to the matter involving Anglo Coal/Anglo American. In this regard, the Management’s response is as under: The Company has provided complete details, supporting documents and management explanations to the Auditors during the course of Audit proceedings. Pursuant to the orders dated 06.05.2022 and 07.07.2022 passed by the Hon’ble Delhi High Court in the Anglo Coal matter, MMTC Limited had deposited an aggregate amount of Rs. 1088.62 crore, comprising: • Rs 1087.76 crore through Demand Draft dated 20.07.2022 deposited with the Registrar General of the Hon’ble Delhi High Court; and • Rs. 0.86 crore attached from MMTC’s Bhubaneswar bank account. The aforesaid amount of Rs. 1088.62 crore had already been fully recognized and provided for in the books of account of the Company. Subsequently, pursuant to the orders of the Hon’ble Delhi High Court, an amount of Rs.1000 crore was released to Anglo on 17.11.2025 from the deposited amount. To file an application in Delhi High Court, Ld. Advocate advised MMTC to provide estimated calculation sheet considering interest calculation up to 01.11.2025. The aforesaid calculations/workings for Rs. 1170.00 crore were submitted: • pursuant to judicial directions, • during the course of proceedings, • on a provisional and without prejudice basis, • And, subject to further arguments and adjudication, particularly regarding: (i) The applicable USD exchange rate. (ii) The methodology for determination of the final payable amount. Accordingly, the Management submits that the said calculations/workings cannot be construed as final crystallization or unconditional acceptance/admission of liability by the Company. Further, against the original deposit of Rs. 1088.62 crore made by MMTC in July 2022, substantial interest accrual amounting to approximately Rs. 259.74 crore had accrued up to 01.11.2025 while the amount remained under custody of the Hon’ble Court. The same is disclosed in Notes to Accounts. The rate of interest payable as decided by court is lesser than the Bank interest rate accruing on the amount deposited with Court. Such accrued interest was available for adjustment against any additional amount, if any, that may ultimately become payable pursuant to the final judicial determination. Accordingly, considering the substantial accrued interest available against the deposited amount, the Management assessed that no separate or incremental outflow of resources from the Company is expected in respect of the alleged differential liability of Rs. 82.82 crore as referred to in the Audit Qualification. In accordance with Ind AS 37 – “Provisions, Contingent Liabilities and Contingent Assets”, A provision is required to be recognized only when all the following conditions are satisfied: a) An entity has a present obligation (legal or constructive) that is a result of a past event; b) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and c) a reliable estimate can be made of the amount of the obligation. In reference to the above Ind AS, the condition mentioned at (b) does not satisfy as the chances of probable outflow for Rs. 82.82 crore is NIL, considering the accrued interest available with Court. Company had appropriately recognized the original liability of Rs.1088.62 crore, the incremental amount beyond the said deposit remained subject to: • Adjudication by the Hon’ble Court, • Judicial clarification on applicable exchange rate and related methodology, and • Adjustment against accrued interest lying with the Hon’ble Court. Considering the above facts and circumstances, the Management respectfully disagrees with the qualification made by Statutory Auditors as the provision of Rs.82.82 crore was not warranted on the reporting date and is appropriately disclosed as contingent Liability. |
| Textual Information(3) | NA |
| Textual Information(4) | NA |
| Textual Information(5) | NA |
| Name of CEO / Managing director | Jatinderjit Singh Mann |
|---|---|
| Name of CFO | Kundan Kumar Mishra |
| Name of audit committee chairman | NA |
| Name of statutory auditor | Dinesh Jain & Associates |
| Name of other signatory, if any, with designation | |
| Place | New Delhi |
| Date | 11-08-2026 |