MMTC Limited — Others, 31-12-2024: Action(s) initiated or orders passed

MMTC Limited has clarified that a warning letter was issued due to not holding any meetings of its Stakeholders Relationship Committee in the financial year 2023-2024. While the letter advises caution to ensure compliance with exchange guidelines, the company confirms that there have been no formal actions taken against it and asserts no financial impact from this incident. MMTC is committed to resolving shareholder grievances and adhering to compliance standards, but the current inactivity is linked to directions from the Ministry of Commerce and Industry. This transparency could foster a neutral investor sentiment as the company seeks to rectify its internal processes.