MODISON LIMITED has informed the Exchange regarding Change in Director(s) of the company.
MODISONLTD · price
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Modison Limited informed the exchanges that Mr. Ashok Shantilal Jatia, Non-Executive Independent Director, will complete his second term on November 1, 2025. The Board has approved the appointment of Mr. Nandkishore Bafna (DIN: 00019372) as Additional Non-Executive Independent Director in his place, effective November 1, 2025, for a five-year term ending October 31, 2030. Mr. Bafna is a Partner at Lodha & Co. LLP, a rank-holding Chartered Accountant with over 45 years of experience in assurance and corporate finance advisory. He has 20+ years of experience as an Independent Director in other companies, including serving as Chairman of Audit Committees. The appointment is subject to shareholder approval through a special resolution.
This is a routine like-for-like replacement of an independent director with no material change expected for shareholders. The incoming director's strong audit and governance background may strengthen board oversight, but there is no immediate impact on stock price or operations.