Pursuant to the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Director of the Company at their meeting held on today i.e. 07.01.2025 have inter alia approved the following:(i) On recommendation of Nomination and Remuneration Committee, Mr. Prabodh Kumar Nahar appointed as an Additional Director designated as an Executive Director of the Company with effect from 07.01.2026, subject to the approval of the shareholders. Presently, he is also associated with Company in the capacity as Chief Financial Officer of the Company in terms of Section 203 of the Companies Act, 2013.(ii) Shri Ram Awatar Kabra has resigned as a post of Executive Director of the Company with effect from close of business hours of 07.01.2026. He has confirmed that there are no other material reasons for his resignation other than those which are provided in the Letter of Resignation. (iii) Re-constitute of Audit Committee and Stakeholder s Relationship Committee of the Board of Directors of the Company.
MODTHREAD · price
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Modern Threads (India) Limited announced three board-level changes effective 07.01.2026. Mr. Prabodh Kumar Nahar, the company's current Chief Financial Officer, has been appointed as Additional Director designated as Executive Director for a three-year term, subject to shareholder approval. He is a Chartered Accountant with about 37 years of experience in finance, accounts, taxation, and management. Shri Ram Awatar Kabra has resigned as Executive Director, citing health issues and personal reasons, and confirmed there are no other material reasons for his exit. The Board has also reconstituted the Audit Committee and Stakeholders' Relationship Committee. Kabra's resignation takes effect from the close of business hours on the same date.
This is largely a smooth internal succession, with the existing CFO being elevated to Executive Director, which should ensure continuity in financial oversight. Kabra's resignation is attributed to personal and health reasons and is unlikely to materially affect operations. Shareholders will need to approve Nahar's appointment at the next general meeting.