The Orissa Minerals Development Company Limited Releases 105th FY23 Annual Report

The Orissa Minerals Development Company Limited released its 105th annual report for FY23, covering the year ended March 31, 2023, with the board communication dated November 30, 2023. The filing is a formal disclosure document for OMDC shareholders and includes the company’s annual-report materials, corporate information and audited-account references.

What did OMDC disclose in its FY23 annual report?

OMDC disclosed its 105th annual report for FY23, the financial year that ended on March 31, 2023. The document is identified as the annual report of The Orissa Minerals Development Company Limited and carries the company’s CIN, L51430OR1918GOI034390.

The available report extract refers to the profit and loss statement for the year ended March 31, 2023, as well as Ind AS accounting policies. However, the supplied material does not provide the underlying revenue, profit, expense, production or cash-flow figures. Therefore, no financial performance number can be concluded from the extract alone.

How was the FY23 report communicated to shareholders and exchanges?

The FY23 report was accompanied by a board communication signed by Company Secretary S Raja Babu in Visakhapatnam on November 30, 2023. A related exchange communication, bearing reference BSE, NSE & CSE/OMDC/CS/12-2023/02, was dated December 1, 2023.

The filing was addressed to the compliance departments of BSE and the National Stock Exchange of India, as well as The Calcutta Stock Exchange Limited. OMDC is identified in the supplied exchange material with BSE scrip code 590086. The report is relevant to shareholders because annual-report disclosures combine the audited financial statements with board-level and statutory reporting materials.

What are the key facts from the annual-report filing?

The key facts are that OMDC’s FY23 annual report was its 105th annual report and covered the year ended March 31, 2023. The available documents also show that the report was placed before stock exchanges shortly after the board communication date.

OMDC also requested shareholders holding shares in physical form to register their details with the company or its registrar and transfer agent, CB Management Services (P) Ltd, to facilitate delivery of annual reports by email rather than in physical form. The communication lists the registrar’s Kolkata address at P-22, Bondel Road, Kolkata - 700019.

What is OMDC’s operating and ownership background?

OMDC operates in the mining, minerals and metals segment, according to the supplied company information. Its mines office is listed at Thakurani, via Barbil, in Keonjhar district of Odisha, placing its operating context within a major mineral-producing region.

The company was nationalised by the Government of India in 1980 under the Bird & Company Ltd (Acquisition and Transfer of Undertaking and Other Properties) Act, 1980. This history is relevant because OMDC’s statutory reporting and governance framework needs to be read alongside its position as a government-nationalised enterprise.

The supplied extract from OMDC’s 2019-20 annual report stated that there was no mining activity during that year. That disclosure is historical and should not be treated as a statement on FY23 operations. The FY23 extract provided here does not include a specific mining-production figure or a statement confirming the level of mining activity.

Why does the FY23 filing matter to OMDC investors?

The FY23 filing matters because it marks OMDC’s formal annual disclosure for the period ended March 31, 2023. Shareholders can use the complete annual-report document to review audited accounts, board reporting, accounting policies and other statutory disclosures that are not fully reproduced in the supplied extract.

For investors, the absence of financial figures in the available text is important. It means that assessments of FY23 revenue, profitability, balance-sheet changes or mine operations should be based on the complete audited statements rather than inferred from the annual-report title or the exchange communication.

The filing also records shareholder-service information, including the option to receive annual reports electronically. For holders of physical shares, keeping contact details updated with OMDC or its registrar may support receipt of company communications.

Conclusion

OMDC’s 105th annual report is the company’s formal FY23 disclosure, covering the year ended March 31, 2023, and supported by communications dated November 30 and December 1, 2023. The available material confirms the filing’s identity, reporting period, exchange references and shareholder-service instructions, but it does not provide financial or operational figures.

Investors should watch the complete audited financial statements and the resolutions placed before shareholders at the ensuing annual general meeting referenced in the company material. These records are necessary to assess OMDC’s FY23 financial performance, governance actions and operating updates using disclosed facts rather than assumptions.