Announcement under Regulation 30 (LODR) - Press Release / Media Release
MODIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Modi's Navnirman Ltd has received shareholder approval to migrate its listed equity shares from the BSE SME Platform to the Main Board of both BSE and NSE. The approval was secured through an Extraordinary General Meeting (EGM) held on July 7, 2025, with 78.78% shareholder participation and 100% of votes cast in favour of the migration. The company will now initiate the formal application process with both exchanges. Management described this as a milestone that should improve market visibility, enhance liquidity, and attract wider investor participation.
This is generally a positive development for shareholders, as Main Board listing typically brings better liquidity, broader institutional investor participation, and improved visibility. However, Main Board companies face stricter compliance requirements, and there may be no immediate change in share price since the company was already listed on the SME platform.