MOIL Limited — Important, 06-12-2024: Updates

Rashtriya Ispat Nigam Limited (RINL) has nominated Shri Ajit Kumar Saxena, CMD of MOIL, as a Non-Executive Director on the Board of International Coal Venture Private Limited (ICVL). This nomination follows prior communications regarding changes in board membership. The addition of Shri Saxena is expected to enhance governance and strategic oversight within ICVL, potentially aligning with RINL's broader operational goals. Investors may view this move as a positive step towards strengthening the board's expertise and could signify a more integrated approach in collaborative ventures within the coal sector.