MMTC Appoints Jatinderjit Singh Mann as Director (Marketing)

New Delhi, 12th February 2026: Public sector trading giant MMTC Limited has announced the appointment of Shri Jatinderjit Singh Mann as Director (Marketing) on its Board, effective immediately. The appointment was formalized during the company's 489th Board Meeting held today.

Govt Order Triggers Appointment
The appointment follows an office order (No. A-12022/12/2017-E.IV) issued by the Ministry of Commerce & Industry, Government of India, dated 4th February 2026. The order confirms the approval of the Competent Authority based on the Appointments Committee of the Cabinet's clearance received through the Department of Personnel & Training.

Shri Mann, aged 52, assumes charge for a five-year tenure in the IDA pay scale of Rs. 1,80,000-3,40,000, effective from the date he takes over charge or until further orders.

Who is Jatinderjit Singh Mann?
A graduate in Electronics & Communications Engineering from Maulana Azad National Institute of Technology (1994-98), Mann brings over two decades of experience. Prior to this appointment, he served as Additional General Manager (Marketing/Consultancy) & Head of RDSS-J&K at NTPC Ltd.

He further strengthened his academic credentials with an MBA in Finance from Punjabi University, Patiala (2020-22), positioning him uniquely at the intersection of engineering, finance, and public sector marketing.

SEBI Compliance & Board Disclosure
In compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, MMTC has disclosed the following:

• Reason for change: Appointment

• Date of appointment: 12th February 2026

• Relationship with directors: None

• Debarment status: Not debarred by SEBI or any authority

A declaration signed by Mann himself, dated 10th February 2026, confirming no debarment by SEBI or any other regulatory authority has been placed on record and submitted to the exchanges.

Company Secretary Files Exchange Intimation
Ajay Kumar Misra, Company Secretary of MMTC Limited, formally intimated both BSE (Scrip Code: 513377) and NSE (Symbol: MMTC) under Regulation 30 of the SEBI LODR Regulations, 2015. The filing included:

• Annexure-A: Brief profile and regulatory disclosures

• Annexure-B: Government office order

• Annexure-C: Declaration of non-debarment

to refer to the official exchange notices for complete disclosures.

Strategic Context
The appointment comes at a crucial time when MMTC, a premier trading house under the Ministry of Commerce, is focusing on expanding its marketing footprint across domestic and international markets. Mann's dual expertise in NTPC's commercial operations and consultancy, coupled with his recent finance specialization, is expected to bring renewed strategic direction to the company's marketing vertical.

Market Reaction:
While the stock remained range-bound during intraday trading, market participants view this as a stable, government-mandated leadership filling that ensures continuity in the PSU's boardroom.

Background:
MMTC Limited, established in 1963, is one of India's largest public sector trading enterprises engaged in the export, import, and domestic trading of various commodities including minerals, metals, fertilizers, and agricultural products.

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