BSEModipon LtdLowNeutral
Announced Mon, 4 Aug · 16:59 IST

Please refer the enclosed file

Board & Shareholder Meetings View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Modipon Limited has issued the notice for its 58th Annual General Meeting (AGM) scheduled for Tuesday, August 26, 2025 at 2:00 p.m. IST via video conferencing, along with the Annual Report for FY 2024-25. The record date for e-voting is August 19, 2025, with remote e-voting window from August 23 (9:00 a.m.) to August 25 (5:00 p.m.). Shareholders will vote on adoption of FY 2024-25 financials, appointment of Ranjeet Verma & Associates as Secretarial Auditor for 5 years, re-appointment of two Independent Directors (Kavita Rani and Nitesh Kumar) for second terms, and the re-appointment of Manish Modi as Chairman & Managing Director. The company reported a loss after tax of Rs 66.16 lakhs in FY 2024-25 (vs Rs 58.38 lakhs in FY 2023-24), negative net worth of Rs 9,174.51 lakhs, and zero revenue from operations, as its manufacturing operations have been shut since 2007 and the company is now in real estate with a sub-judice land matter.

Likely market impact

This is primarily a procedural AGM notice with multiple board-level resolutions up for shareholder approval, including the re-appointment of the CMD which is pending Central Government approval due to his NRI status. No dividend or operational updates were announced; the company continues to report losses with no revenue from operations.