1. Based on the Recommendation of Nomination and Remuneration Committee, approved appointment of Mr. Chintan Suresh Shah (DIN: 05288038) as Additional (Non-Executive Independent) Director ....
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Modi's Navnirman Limited held a board meeting on July 10, 2025, where it appointed two new Additional Non-Executive Independent Directors — Mr. Chintan Suresh Shah (DIN: 05288038) and Mr. Anil Suresh Kapasi (DIN: 03524165) — each for a 5-year term, subject to shareholder approval. Mr. Shah has 22+ years of experience in manufacturing and is the Founder of Chemo Fab Industries LLP. Mr. Kapasi is the Founder and MD of Arihant Academy with 32+ years in the coaching sector. Both are confirmed as not debarred by SEBI and not related to any existing directors. The board also approved payment criteria for Non-Executive Directors, a Dividend Distribution Policy linked to market capitalization, and a CSR Policy for the company.
The addition of two experienced independent directors strengthens board oversight and governance. Adoption of formal dividend and CSR policies signals improved compliance maturity, though appointments remain subject to shareholder approval at the next general meeting.