MSTC announces annual report, strong profit, and governance changes

MSTC Limited, a Mini Ratna Category-I company, released its Annual Report for the financial year 2024-25, reporting a profit after tax of ₹40,298 lakhs and a total income of ₹38,750 lakhs. The company achieved a total business volume of ₹89,82,360 lakhs. Notably, MSTC announced a dividend payout of 405% for FY 2024-25, an increase from 155% in the previous year, demonstrating strong financial health.

The report highlights key governance updates, including the appointment of Shri Ramesh Kumar Soni, Smt. Alka Chandrakar, and Shri Chandra Shekhar Baghel as independent directors, and Smt. Sudershan Mendiratta as a government nominee director. These appointments, along with the reappointment of Shri Subrata Sarkar as director (finance) & CFO, are set to enhance the company's strategic direction. The 60th Annual General Meeting is scheduled for September 24, 2025.

MSTC also submitted its Business Responsibility and Sustainability Report (BRSR) for 2024-25, which details the company's commitment to ESG principles. The report covers various initiatives, including energy conservation, sustainable sourcing with 52.07% of annual procurement from MSMEs, and comprehensive training on human rights issues for 40.32% of its workforce.