Summary Proceeding of the 40th Annual General Meeting of the Company held today i,e, 30.09.2025
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Modern Insulators Limited held its 40th Annual General Meeting on Tuesday, September 30, 2025, from 11:00 AM to 12:00 PM at the registered office in Talheti, Abu Road, Rajasthan. Executive Director P. Sridharan chaired the meeting in the absence of the Chairman, with 33 members present. All 7 resolutions on the agenda were passed with the requisite majority, including adoption of the audited standalone and consolidated financial statements for FY ending March 31, 2025. Notably, special resolutions approved revision of remuneration for Chairman & Managing Director Sachin Ranka and Whole-time Director Shreyans Ranka, while Shreyans Ranka was also reappointed as a director retiring by rotation. Rahul Singhvi was reappointed as Independent Director, M/s Anshika & Associates was appointed as Secretarial Auditor, and cost auditor remuneration for FY 2025-26 was ratified.
All resolutions including the financial statements and promoter-director pay hikes sailed through without opposition, indicating shareholder continuity and no governance disruption. The meeting outcome is largely procedural with no strategic surprises, so market impact is expected to be neutral.