NMDC Limited — Others, 07-04-2025: Rumour Verification - Regulation 30(11)

NMDC has issued a clarification regarding a recent news article alleging governance concerns tied to its loss-making Australian subsidiary, Legacy Iron Ore Limited. The company notes that initial mining operations require substantial capital investment and time to achieve cash-positive status. Additionally, NMDC disputes the claims made in the article, stating they are unfounded and that all investments in subsidiaries have been conducted within the guidelines established by its Board. This rebuttal could mitigate investor concerns and stabilize market sentiment, supporting a positive outlook for NMDC despite market fluctuations driven by macroeconomic factors.