Modis Navnirman Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/06/2025 ,inter alia, to consider and approve Merger of the Company with ....
MODIS · price
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Modis Navnirman Ltd has postponed its Board Meeting from Friday, June 06, 2025, to Monday, June 09, 2025. At this meeting, the Board will consider and approve two key matters: (1) the merger of the company with its wholly owned subsidiary under Section 233 of the Companies Act, 2013 (a fast-track merger route for holding/subsidiary structures), and (2) the migration of the company from the BSE SME (small and medium enterprise) platform to the Main Board of BSE and NSE. The current BSE scrip code is 543539 and the company is registered as a construction-related entity in Mumbai.
Migration from the SME platform to the Main Board of BSE and NSE is generally seen positively as it can improve trading liquidity, broaden investor participation, and enhance visibility. The merger of the wholly owned subsidiary is an internal corporate restructuring and should simplify the group's structure with limited material impact on shareholders unless combined with changes in capital base.