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Modern Insulators Limited has issued a postal ballot notice seeking shareholder approval to appoint Shri Shreyans Ranka as Joint Managing Director for 5 years effective January 8, 2026. He is currently a Whole-time Director and will be elevated to JMD. His remuneration includes a basic salary of Rs. 4 lakh per month, House Rent Allowance of Rs. 1.25 lakh per month, plus PF, NPS, gratuity, car, telephone, and medical reimbursements. E-voting runs from February 2, 2026 to March 3, 2026, with results to be announced by March 5, 2026. He holds just 500 shares in the company. The appointment was approved by the Board on January 8, 2026 based on the recommendation of the Nomination and Remuneration Committee.
Shri Shreyans Ranka is the son of the existing Chairman & Managing Director Shri Sachin Ranka, meaning this appointment continues promoter-family succession at the senior management level. The elevation of a family member to JMD may be viewed positively as continuity but could raise governance concerns among minority shareholders watching for independent oversight.