Orissa Minerals Development Company Ltd

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.

Orissa Minerals Development Company Ltd trading window closed from 14 September 2026 till 48 hours after declaration of the unaudited financial results for the quarter ended 30 June, 2026.

Meeting Details

• Date: 17 September 2026; Time and venue not disclosed.

Key Agenda Items

• Consider, approve and take on record unaudited financial results for quarter ended 30 June 2026.

Other Notes

• No trading window closure periods or other material notes disclosed.

The Orissa Minerals Development Company Limited – Trading window closed from 14 September 2026 till 48 hours after declaration of the unaudited Financial Results for the quarter ended 30 June 2026

Director resignation and disclosure delay

• Resignation of Shri Arun Kanti Bagchi, Non-Executive Director, received 4 Sep 2026.
• Intimation to stock exchange filed on 8 Sep 2026.
• Company regrets the delay and commits timely SEBI LODR compliance going forward.
• No material financial impact disclosed.

EC update highlights

• EC granted for Belkundi Mine: capacity 1.8 MTPA iron, 0.3 Mn, Odisha.
• EC area: mining area 920.6 ha; total lease area 1276.79 ha; crushers 100/200/400 TPH.
• Forest land: total 695.907 ha; Stage II FC over 384.54 ha; FC valid to Aug 2026.
• Remediation/NRAP/CRAP budget Rs 4.81 crore; breakdown: Rs 1.0466cr, Rs 1.785cr, Rs 1.9825cr.
• EMP costs: capital Rs 2.86 cr; recurring Rs 1.10 cr annually.
• Wildlife plan approved: budget Rs 359.813 lakh; approval 04-04-2025.
• Past penalties total Rs 118.26 crore; Supreme Court 2020 order permitting resumption with clearances.
• Rail transport target 70%; rest by road; private TK-1/TK-2 sidings; rail coordination discussions.
• Public hearing 2024: 88 verbal, 20 written representations; major issues employment and environment.
• Regulatory compliance: six-month compliance reports; air, water, noise monitoring; multiple monitoring stations.

Scope & Capacity

• Environmental Clearance granted for Belkundi Iron and Manganese Ore Mine.
• Area 1276.79 ha (RoR) / 1276.949 ha (DGPS); capacity 1.8 Mt Fe, 0.3 Mt Mn.
• Crusher capacity 100, 200, 400 TPH planned at Belkundi; mining area Barbil–Keonjhar, Odisha.

Financials & CAPEX

• Total project cost Rs 121.08 crore; EMP capital Rs 2.86 crore; recurring Rs 1.10 crore annually.
• Remediation/Natural Resource Augmentation Plan budget Rs 4.81 crore; three-year rollout.

Regulatory & Compliance

• Penalties: Rs 118.26 cr paid; resumption allowed in 2020 subject to clearances.
• Forest land: 384.54 ha diverted; total forest area 695.907 ha.

Environmental Commitments

• EC subject to MoEFCC conditions including SOTM, NRAP/CRAP, green belt, EMP and monitoring.
• Mining plans: life of mine Iron 14 years; Mn 37 years; 814 jobs.
• No ESZ within 10 km; DFO certificate confirms.