Notice of 52nd AGM of the Company
MODIRUBBER · price
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Modi Rubber Ltd has called its 52nd AGM on Tuesday, September 30, 2025, at 11:30 AM via video conferencing. Shareholders will consider adoption of the FY2024-25 audited financial statements, the re-appointment of Chairman Vinay Kumar Modi (who retires by rotation), and the appointment of M/s Sanjay Grover & Associates as Secretarial Auditor for a five-year term (FY2025-26 to FY2029-30) at a proposed fee of Rs. 2.50 lakh plus taxes. The Directors' Report reveals the company earned a standalone net profit of Rs. 235.96 lakh in FY25, sharply lower than Rs. 28.56 crore in FY24, with income mostly from guest house operations, interest and dividends. No dividend has been recommended. The company continues to implement the old BIFR revival scheme, and possession of its Modinagar Tyre Factory remains tied up in litigation at the Allahabad High Court.
Routine AGM business with no major strategic change — the most notable point for shareholders is the steep fall in FY25 profits versus last year and the ongoing non-operational status (no manufacturing, income largely from rent, interest and dividends). No dividend means no cash return this year.