Mstc Limited
MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc.The company is owned and controlled by the Government of India.
What Mstc files
- Others59
- Investor Meet29
- Important14
- Board Meeting10
- Dividend/Bonus10
- PPTs8
MSTC's promoter, the Ministry of Steel (Govt. of India), confirms no shares were pledged or encumbered in the past fiscal year. This indicates stability of the promoter's equity holding, reassuring investors.
MSTC's Board noted a fine from exchanges for non-compliant independent director composition. The company states ID appointments are controlled by the Ministry, beyond its remit. It is following up with the Ministry and has requested a fine waiver, arguing no company violation.
MSTC faced fines for non-compliance with board composition requirements. The Board noted the issue, stating director appointments are controlled by the administrative Ministry. While now mostly compliant, one ID vacancy remains. MSTC is urging the Ministry for appointments and seeking fine waiver, citing lack of control.
MSTC will hold its Annual General Meeting, where shareholders will vote on key board changes. This includes the appointment of a Secretarial Auditor, four new Directors, and the re-appointment of a Director. Share transfer books will be closed ahead of the AGM.
MSTC has transitioned its Share Transfer Agent, appointing Bigshare Services Pvt. Ltd. to manage shareholder services. The change replaces Alankit Assignments Ltd. and involves a formal handover of all investor records, ensuring continued smooth operations.