MMTC Received Warning Letter From NSE and BSE

Metals and Minerals Trading Corporation of India Ltd (MMTC), a government-run entity, finds itself under scrutiny due to regulatory lapses and broader operational challenges. Recent developments include warnings from stock exchanges and the looming prospect of the company’s closure by the central government.

Regulatory Warnings for Non-Compliance

MMTC received warning letters from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for its failure to convene a “stakeholders relationship committee” during the financial year 2023-2024. In a regulatory filing, the company assured stakeholders that such lapses would not recur and attached the warning letters for reference.

This is not the first regulatory challenge MMTC has faced. In August 2023, the Securities and Exchange Board of India (SEBI) revoked MMTC’s stockbroking licence due to its involvement in illegal paired contracts linked to the National Spot Exchange Ltd (NSEL) case.

MMTC Share Performance

As of December 24, 2024, 1:24 PM, the shares of MMTC are trading at ₹72.99 per share with a surge of 0.041% from its previous day’s closing price. Over the last month, the stock has seen a decline of 4.48%. While over the year the stock has surged by 22.18% the stock has a 52-week high and 52-week low of ₹131.80 per share and ₹58.65 per share respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.