MOIL: Board of Director in its Meeting held on 02.11.2026 has approved incorporation of a wholly owned subsidiary…
MOIL (MOIL) filed a disclosure titled "Board of Director in its Meeting held on 02.11.2026 has approved incorporation of a wholly owned subsidiary of MOIL Limited". The company is valued at about ₹4,355 crore.
What happened
MOIL (MOIL) filed a disclosure with the exchanges on 2 November 2026 at 04:24 PM titled "Board of Director in its Meeting held on 02.11.2026 has approved incorporation of a wholly owned subsidiary of MOIL Limited".
Company snapshot
MOIL is a small-cap company in the Metals & Mining sector, with a market value of about ₹4,355 crore.
The stock last traded at ₹214, against a 52-week range of ₹211–₹389.4 (45.0% below the high).
Before this filing the shares had moved −12.3% over the month and −23.9% over three months. Average daily turnover over the last 20 sessions was about ₹8.23 crore.
Promoters held 64.68% at the end of Q1 FY27. Foreign institutions owned 3.73% and domestic institutions 6.82%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 348 | 51.5 | 2.53 |
| Q2 FY26 | 348 | 70.4 | 3.46 |
| Q3 FY26 | 360 | 52.9 | 2.6 |
| Q4 FY26 | 444 | 92.6 | 4.55 |
| Q1 FY27 | 371 | 87.6 | 4.31 |
What history shows
BCEIE's records show 2 previous approval filings from the company since May 2026.
Across 21 similar disclosures by other Metals & Mining companies, shares moved −0.3% on average the next day and −0.4% over five days; 43% of them rose the next day.
Market-wide, 1,547 approval filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- 2 November 2026: Board meeting — Financial Results/Dividend.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.