Outcome of Board Meeting held on 13th May 2026
MODINATUR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modi Naturals Limited reported strong FY2026 consolidated results with revenue of Rs 71,918 lakhs (up 8.5% from Rs 66,291 lakhs). Profit after tax nearly doubled to Rs 6,028 lakhs compared to Rs 3,103 lakhs in the previous year. The company also reported an exceptional income of Rs 486 lakhs from an insurance claim related to a machinery breakdown in FY 2023-24. Statutory auditors Doogar & Associates resigned citing resource constraints, and B. Chhawcharia & Co. has been appointed as the new auditor. The auditors issued an unmodified opinion on the financial statements. Additionally, the company proposed shifting its registered office from Nehru Place to Okhla Industrial Area in Delhi.
The significant PAT growth of ~94% is positive for shareholders. The auditor change mid-year may raise some questions, though the resignation cited resource constraints rather than disputes. The clean audit opinion with unmodified results supports financial credibility.