MOIL Limited — Capital/Financing Update 2023

May 2, 2023

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MOIL LIMITED

(A Government of India Enterprise) Regd. Off.: MOIL Bhawan, 1A Katol Road, Nagpur – 440 013 Website: www.moil.nic.in, E-Mail ID: compliance@moil.nci.in, Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: L99999MH1962GOI012398

CS/NSE-BSE/2023-24

Date 02.05.2023

To, To, The GM (Listing), Listing Department National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, Plot No.C-1, G Block, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (East), Dalal Street Mumbai – 400053 Mumbai- 400001

Sub: Press Release

Stock Code: NSE – MOIL BSE - 533286

Dear Sir/Madam,

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the press release titled MOIL registers spectacular performance in April, 2023 issued to the press.

This is for your kind information please.

Thanking you,

Yours faithfully,

For MOIL Limited

NEERAJ

Digitally signed by NEERAJ DUTT PANDEY DN: c=IN, postalCode=440030, st=MAHARASHTRA, l=NAGPUR, o=Personal, serialNumber=8fb6facb083b630969bd66d1566 814315b76a18b3d630955a816d5d37371a6b0, pseudonym=186520210922140147111, 2.5.4.20=82f2c2053474bfbab48cb5961d119d902.5.4.20=82f2c2053474bfbab48cb5961d119d90 pseudonym=186520210922140147111, 2.5.4.20=82f2c2053474bfbab48cb5961d119d902.5.4.20=82f2c2053474bfbab48cb5961d119d90 8e945b73052176fbfec2bd38b291d1eb, email=NEERAJDP_ACS@REDIFFMAIL.COM, cn=NEERAJ DUTT PANDEY, title=1865 Date: 2023.05.02 12:42:07 +05'30'Date: 2023.05.02 12:42:07 +05'30'

DUTT 814315b76a18b3d630955a816d5d37371a6b0, pseudonym=186520210922140147111, 2.5.4.20=82f2c2053474bfbab48cb5961d119d902.5.4.20=82f2c2053474bfbab48cb5961d119d90 8e945b73052176fbfec2bd38b291d1eb, email=NEERAJDP_ACS@REDIFFMAIL.COM, PANDEY cn=NEERAJ DUTT PANDEY, title=1865 Date: 2023.05.02 12:42:07 +05'30'Date: 2023.05.02 12:42:07 +05'30' N. D. Pandey (Company Secretary & Compliance Officer)

PRESS RELEASE

MOIL registers spectacular performance in April, 2023

‘Best April’ production and sales achieved

With a production of 1.31 lakh tonnes of Manganese Ore in April, 2023, MOIL has registered Best April production performance since inception, with a significant growth of 26% over April, 2022.

Breaking a multi-year record, sales at 97,838 tonnes for the month has also been best for any April month and 72 percent higher than April, 2022.

Giving utmost thrust to exploration, MOIL achieved core drilling of 7,530 metres in April 2023, which is 3.6 times that of April, 2022. The company has made an ambitious plan of carrying out exploration in brown-field and green-field areas during FY’24.

Production of Electrolytic Manganese Dioxide (EMD) has also been best for any April month, higher by 6% than April, 2022. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries.

Shri Ajit Kumar Saxena, CMD, congratulated MOIL collective on these achievements and reposed confidence of continuing the growth trajectory in the coming times.

About MOIL: MOIL Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of Ministry of Steel, Government of India. MOIL is the largest producer of manganese ore in the country, contributing ~45% of the domestic production. It operates eleven mines in the state of Maharashtra and Madhya Pradesh. The company has ambitious vision of more than doubling its production to 3.00 million tonnes by 2030. MOIL is also exploring business opportunities in the State of Gujarat, Rajasthan, Chhatisgarh and Odisha, besides other areas in the State of Madhya Pradesh.

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