Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015-Submission of Application for Migration to Main Board of BSE and NSE
MODIS · price
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Awaiting price reaction for this filing.
Modis Navnirman Ltd, a Mumbai-based real estate redevelopment company, has submitted its application to migrate from the BSE SME Platform to the Main Board of BSE Limited and simultaneously for listing on the Main Board of NSE. The company has completed the required documentation and compliance formalities and filed the application with both exchanges on July 22, 2025. The Whole-Time Director & CFO, Mr. Mahek Modi, described the move as a significant milestone aimed at enhancing market visibility, attracting institutional investors, and unlocking shareholder value. The company is currently listed on the BSE SME platform under scrip code 543539.
Migration to the main board typically improves liquidity, broadens the investor base, and may attract institutional participation, which is generally viewed as a positive development for existing shareholders. However, the actual impact on the stock price will depend on approval timelines and post-migration trading dynamics.