The Orissa Minerals Development Company Limited — Board Meeting, 10-02-2025: Outcome of Board Meeting

The Board of Directors has approved the unaudited financial results for the quarter ending December 31, 2024. The results indicate ongoing challenges as mining operations for Belkundi and Bhadrasai Mines remain suspended due to statutory clearance issues, although operations at the Bagiaburu Iron Mines commenced in December 2023. The company reported an outstanding statutory dues concern, with significant amounts due for EPF, gratuity, and property tax, raising potential compliance risks. The financial results were prepared on a going concern basis, despite these operational hurdles.