MOIL Limited has bid farewell to its Chairman-cum-Managing Director Shri Ajit Kumar Saxena, who attained the age of superannuation on December 31, 2025 and ceased to hold the position effective January 1, 2026. An IIT-BHU alumnus with over 39 years of experience in the steel and mining sectors, Shri Saxena's visionary leadership guided MOIL to its best-ever performance in FY'25, achieving record milestones in manganese ore production, sales, and exploration. The manganese ore mining company informed stock exchanges about this development to ensure regulatory compliance and stakeholder transparency.
During his nearly three years of leadership, MOIL witnessed significant institutional strengthening, operational excellence, and a strong emphasis on a people-centric leadership ethos. Under his guidance, the company not only enhanced its operational efficiency but also cemented its position as a benchmark in the Indian mining sector. The organization and its employees expressed deep gratitude for his strategic vision, integrity, and exemplary leadership, which will be remembered as a period of remarkable growth and sustainable development.
The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions, including changes in key managerial personnel. The official communication was signed by Company Secretary and Compliance Officer Neeraj Dutt Pandey on January 1, 2026, ensuring proper documentation of this corporate development.
As a Government of India enterprise, MOIL Limited maintains strict adherence to corporate governance norms and transparency requirements. The timely disclosure of leadership changes demonstrates the company's commitment to keeping stakeholders informed about significant organizational developments. Shri Saxena's legacy sets a strong foundation for future leaders at MOIL, inspiring continued commitment to excellence, innovation, and responsible mining practices. The cessation represents a natural transition in the company's leadership structure, following standard retirement protocols for senior executives in government enterprises.
