Modi Rubber Limited has informed the Exchange regarding Appointment of Mr Ajay Kumar Jain as Non- Executive Independent Director of the company w.e.f. May 29, 2026.
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Modi Rubber Limited has announced the appointment of Mr. Ajay Kumar Jain as an Additional Director in the category of Non-Executive Independent Director, effective May 29, 2026. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. Mr. Jain is a legal professional with over 40 years of experience, specializing in corporate law, contracts, taxation, and insolvency matters. He practices before the Supreme Court, various High Courts, DRT, DRAT, NCLT, and NCLAT. His appointment is for a period of 5 years and is subject to shareholder approval at the next General Meeting or within three months. The filing confirms Mr. Jain is not related to any existing Director on the Board.
The appointment of an experienced legal professional as an Independent Director may positively impact governance standards and bring expertise in legal and insolvency matters. This is a routine board strengthening exercise with no immediate shareholder implications until the AGM approval.