The Board of Directors, in their meeting held today, has considered and approved the agendas as mentioned in this disclosure
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Modern Insulators' board, meeting on 11 July 2025, approved three items. First, it revised the remuneration of Chairman & Managing Director Sachin Ranka and Whole-Time Director Shreyans Sachin Ranka, subject to shareholder approval. Second, it re-appointed Independent Director Rahul Singhvi for a second 5-year term starting 1 August 2025, also pending shareholder approval. Third, the company approved an investment of Rs. 10.05 crore in the 'Carnelian Shift Strategy' Portfolio Management Services (PMS) run by Carnelian Asset Advisors, to be deployed as a long-term investment in tranches over about 6 months. Singhvi holds a PGDBA in Finance & Marketing from ICFAI and brings decades of finance and management experience.
The director re-appointment and remuneration changes are routine governance items that should not move the stock. The Rs. 10.05 crore PMS deployment signals the company is parking surplus cash in market-linked instruments, which shareholders should monitor for returns versus simpler options like debt funds.