MMTC Limited has informed the Exchange regarding Cessation of Mr Asit Gopal (SS&FA), Non- Executive Govt. Nominee Director of the company w.e.f. April 28, 2026, as per the order duly received from the Ministry on 29.04.2026.
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MMTC Limited has announced the cessation of Mr. Asit Gopal (SS&FA) as Non-Executive Government Nominee Director on the Board, effective April 28, 2026. His term expired on this date, and the official order was received by the company on April 29, 2026. The cessation was as per the order from the Ministry of Commerce and Industry. Simultaneously, Ms. Nigar Fatima Husain has been appointed as the new Government Nominee Director, vice Mr. Asit Gopal, with immediate effect. She is an Additional Secretary & Financial Advisor at the Ministry of Commerce and Industry. The company has stated it will formally update exchanges about her appointment once the documentation under Company law is complete.
The change represents routine governance transition for a PSU with government nominee directors. The appointment of Ms. Nigar Fatima, who holds a senior bureaucratic position, ensures continuity of government representation on the board.