IJBA has made it clear that only MMTC is authorized to import gold, with other requests for gold imports reportedly being denied.

Tightened gold import regulations have boosted MMTC's market position, with the company's shares rising by 11.3% to Rs 68.94. The supply crunch and regulatory hurdles facing other importers have worked in MMTC's favor.

VST Industries saw a significant 20% jump in its stock price, with increased trading volume, as the company reported a doubling of its Q4FY26 profit after tax (PAT). Similarly, SCI experienced a similar rise and secured a deal for green methanol shipments under NGHM, contributing to positive market sentiment.

Import importers are seeking clarity from the DGFT regarding concessional duties amid ongoing challenges with GST. The import of no-Dore gold has halted for the past three months, with only MMTC and IIBX applications being accepted since April 1.

The National Company Law Appellate Tribunal (NCLAT) has approved a one-time settlement of Rs 1,950 crore for NSEL, despite MMTC's opposition. The ruling follows an agreement by over 90% creditors. Previously, the Additional Solicitor General (ASG) had suggested fraud in the scheme, but the NCLAT found these claims to be incorrect rather than fraudulent. No objections were raised by the Enforcement Directorate, Economic Offenses Wing, or Market Regulation and Supervision Committee.