Postal Ballot Notice - Newspaper Publication
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 Limited (BSE scrip code 543539) has published newspaper advertisements in 'Free Press Journal' (English) and 'Navshakti' (Marathi) on July 15, 2025, notifying shareholders about a Postal Ballot Notice. The only resolution put to shareholders is the approval of a scheme of arrangement to merge its wholly-owned subsidiary, Shree Modi's Navnirman Private Limited (Transferor Company), into itself (Transferee/Holding Company). The Postal Ballot Notice was sent electronically to shareholders on July 14, 2025, with the cut-off date being July 11, 2025. E-voting will run from July 17, 2025 (9:00 AM IST) to August 15, 2025 (5:00 PM IST), and results are expected to be declared by August 19, 2025. This is a purely procedural filing to comply with SEBI disclosure requirements for the ongoing shareholder voting process.
Shareholders should note that the only item requiring their vote is the approval of an internal merger between the company and its wholly-owned subsidiary, which is largely a corporate restructuring step. Investors who hold shares as of July 11, 2025 can cast their votes via e-voting through NSDL during the voting window.