Orissa Minerals Development Comp Share Price Today

OMDC gets ROC extension of 2 months for FY26 AGM

Orissa Minerals Development Company Ltd received a two-month extension from the ROC Cuttack for its 108th AGM. The new deadline for holding the AGM for FY26 is November 30, 2026. The extension was granted due to delays in receiving comments from the Comptroller and Auditor-General of India. The ROC order was issued on September 29, 2026, under Section 96(1) of the Companies Act, 2013.

Orissa Minerals Development Co appoints GVN Prasad as Non-Executive Director

Orissa Minerals Development Company Ltd appointed GVN Prasad as Non-Executive Director effective September 16, 2026. Prasad replaces Arun Kanti Bagchi on the board following a nomination by holding company RINL. GVN Prasad is a Metallurgical Engineer with an EPGP from IIM-Kozhikode and joined RINL in 1987.

Orissa Minerals Q1FY27 Results: Net profit turns positive at ₹345.3 lakh

Net profit turned positive at ₹345.3 lakh in Q1FY27, reversing a loss of ₹278.6 lakh in Q1FY26. Revenue from operations grew 48% YoY to ₹2,864.7 lakh, driven by the iron ore segment. Iron ore segment pre-tax profit surged to ₹932.7 lakh from ₹220.7 lakh in the prior year. Finance costs remained high at ₹481.2 lakh, consuming nearly half of operating profits. Mining operations at Belkundi and Bhadrashahi remain suspended due to clearance issues.

OMDC clarifies delay in Arun Kanti Bagchi resignation disclosure

Orissa Minerals Development Company clarified the delay in disclosing Arun Kanti Bagchi's resignation. The company received the resignation letter on September 4, 2026, and filed it on September 8, 2026. Bagchi stepped down effective August 31, 2026, after superannuating from RINL. The firm apologized for the late filing under SEBI LODR Regulation 30. No immediate replacement for the non-executive director role was announced.

OMDC Belkundi mine gets EC for 1.8 MTPA iron, 0.3 MTPA manganese

Orissa Minerals Development Company Limited has received a recommendation for Environment Clearance for its Belkundi Mine from the Expert Appraisal Committee. The approval allows for 1.8 MTPA iron ore and 0.3 MTPA manganese ore production, restricted to 965.423 hectares, pending lease extensions and legal clearances.

Orissa Minerals net loss narrows 93% to ₹290 lakh in FY26

Orissa Minerals Development Company Limited saw its net loss narrow by 92.8% to ₹290.77 lakh in FY26, driven by a 40.8% increase in total income to ₹10,000.20 lakh. Although pre-tax losses widened slightly to ₹539.97 lakh, post-tax adjustments significantly improved the bottom line. The Board approved the audited standalone financial results on July 24, 2026, under SEBI Listing Regulations.