Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the Postal Ballot Notice being sent electronically to Shareholders. Kindly note that the Postal Ballot Notice shall also be uploaded on the Company website at www.modernwoollens.com.The Notice is being sent to all the Members, whose names appear with the Company Registrar and Share Transfer Agent or their respective Depository Participants as on Friday, 20th February, 2026 (cut-off date). Members holding shares in physical mode and who have not updated their email addresses with the Company are requested to update their email addresses as per the instructions given in the enclosed Notice.The e-voting period will commence from Thursday, 26th February, 2026 at 09.00 a.m. and will end on Friday, 27th March, 2026 at 05:00 p.m.
MODTHREAD · price
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Modern Threads (India) Limited has issued a Postal Ballot Notice seeking shareholder approval for the appointment of Mr. Prabodh Kumar Nahar (DIN: 11457800) as Whole-time Director designated as Executive Director for a period of three years, effective from 7th January 2026. Mr. Nahar, an M.Com and Fellow Chartered Accountant, brings around 37 years of experience across finance, commercial, accounts, taxation, legal, administration, and management. His proposed remuneration includes a basic salary of Rs. 1,40,623 per month, with annual hikes of up to 10% from 1st July 2026, plus HRA of Rs. 5,500/month, 20% bonus allowance, PF up to 12%, gratuity, and other perquisites. The e-voting window runs from 9:00 a.m. on 26th February 2026 to 5:00 p.m. on 27th March 2026, with the cut-off date for eligibility set as 20th February 2026.
This is a routine governance action and the appointment has already been made on an additional-director basis from January 2026; the postal ballot only formalises shareholder ratification. The remuneration terms are broadly in line with standard industry practice, and the resolution is being moved as a special resolution, so existing shareholders should review the explanatory statement and exercise their vote during the e-voting window.