MOIL Limited — Capital/Financing Update 2024

Oct 18, 2024

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CS/NSE-BSE/2024-25/

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MOIL LIMITED

(A Government of India Enterprise)

MOIL Bhavan, 1A, Katol Road, Nagpur – 440 013 ☎ : 0712-2806100, 2806182 /216 E-Mail : compliance@moil.nic.in Website: www.moil.nic.in Telefax: 0712-2591661 CIN No: L99999MH1962GOI012398

Date: 18.10.2024

To,

The GM (Listing), National Stock Exchange of India Ltd, Exchange Plaza, Plot No.C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400053

To, Listing Department Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Subject: Execution of Joint Venture agreement (JV) between MOIL and MPSMCL

Dear Sir/Madam,

Please refer to our Letter No. CS/NSE-BSE/2023-24/ dated 13[th] December, 2023 on the above subject. In this connection we would like to inform that consequent upon Memorandum of Understanding (MoU) between MOIL and Madhya Pradesh State Mining Corporation Limited (MPSMCL), a draft JV agreement has been signed between the parties today (18.10.2024), for carrying out exploration and mining activities including value addition projects in the State of Madhya Pradesh. This will help to enhance the production and also mark beginning for taking clearances from various agencies/departments. This agreement is subject to approval of the respective Board and the Government.

The disclosure as required under Schedule III of the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached as Annexure-I.

This is for your kind information.

Thanking you,

Yours faithfully/Hkonh; For MOIL Limited/ d`Rks EkkW;Yk fYkfEkVsM

NEERAJ Digitally signed by NEERAJ DUTT DUTT PANDEY Date: PANDEY 2024.10.18 19:40:31 +05'30' Neeraj Dutt Pandey/ (Ukhjt nRr ik.Ms;) (Company Secretary & Compliance Officer)/ (dEiuh lfpOk lg vuqikyu vf/kdkjh)

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Annexure-I

**Annexure-I **	**Annexure-I **	**Annexure-I **
Sr.No.	Particulars	Details of Parties/Terms of agreement
1.	Name(s) of parties with whom the agreement isentered	Madhya Pradesh State Mining CorporationLimited(MPSMCL)
2.	Purpose of entering into the agreement	To carry out exploration and mining activitiesincluding value addition projectsin the Stateof Madhya Pradesh
3.	Shareholding, if any, in the entity with whomthe agreement is executed	 MOIL does not have any shareholding inMPSMCL or its Group Companies. The proposed shareholding of the jointventure company is as under:1. MOIL - 51%2. MPSMCL - 49%
4.	Significant terms of the agreement (in brief)special rights like right to appoint directors,first right to share subscription in case ofissuance of shares, right to restrict any changein capital structure etc.	 The number of Directors on Board will beseven (7), of whom three (3) Directors willbe nominated for appointment by MOIL(“MOIL Directors”), and two (2) Directorswill be nominated for appointment byMPSMCL (“MPSMCL Directors”), one (1)independent Director nominated by MOIL(“MOILdirectors”)andone(1)IndependentDirectornominatedbyMPSMCL (“MPSMCL directors”). ThePartiesshallcontributetheirrespective initial subscription amounts inproportion to their shareholding. Other clauses such as restriction ontransferof securities, distribution of revenues, exitconditions,functionalmanagement,agreement termination conditions etc. areincorporatedinthe agreement.
5.	Whether, the said parties are related topromoter/promoter group/ group companies inany manner. If yes, nature of relationship.	YesState Govt. of Madhya Pradesh, one of thePromoters of MOIL is also Promoter ofMPSMCL.
6.	Whether transaction is related party transactionifyes,the same is done at “arm’s length”.	NO
7.	In case of issuance of shares to the parties,details of issueprice,class of shares issued.	No shares have been issued as on the date ofexecution of the agreement.
8.	Anyotherdisclosuresrelatedtosuchagreements, viz., details of nominee on theboard of directors of the listed entity, potentialconflict of interest arising out of suchagreements,etc.	NIL
9.	In case of termination or amendment ofagreement,listedentityshalldiscloseadditional details to the stock exchange(s):a) name of parties to the agreement;b) nature of the agreement;c) date of execution of the agreement;d) details of amendment and impact thereof orreasons of termination and impact thereof.	Not Applicable