Modis Navnirman Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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Awaiting price reaction for this filing.
Modis Navnirman Limited's Board, at its meeting on February 13, 2026, approved the unaudited standalone financial results for Q3 FY26 (quarter and nine months ended December 31, 2025), along with the limited review report from statutory auditors. The company is migrating to the Ind AS accounting framework for the first time, with effect from April 1, 2025, and has accordingly restated prior period figures. The company migrated from the SME platform to the Main Board of the stock exchanges with effect from November 14, 2025. A scheme of merger with its wholly-owned subsidiary, Shree Modis Navnirman Private Limited, was approved by the Ministry of Corporate Affairs on October 16, 2025, effective April 1, 2025; current period figures therefore reflect the merged entity. The company operates in a single segment — Real Estate (Construction & Redevelopment). Statutory auditors (DGMS & Co.) issued an unmodified review opinion, with no qualifications or emphasis of matter noted.
The clean (unmodified) auditor review is a positive signal for shareholders. However, key numbers from the results table are difficult to verify due to document quality, and the change in accounting framework (Ind AS) plus the subsidiary merger mean year-on-year comparisons should be interpreted with caution.