MODISON LIMITED has informed the Exchange regarding Change in Director(s) of the company.
MODISONLTD · price
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Mr. Ashok Shantilal Jatia has completed his second term as Non-Executive Independent Director of Modison Limited with effect from November 1, 2025, and has stepped down as Chairman of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders' Relationship Committee, as well as a member of the CSR and Finance Committees. To fill the vacancy, Mr. Nandkishore Bafna has been appointed as a Non-Executive Independent Director for a five-year term from November 1, 2025 to October 31, 2030. Mr. Bafna's appointment was approved by shareholders through a postal ballot on October 25, 2025.
This is an orderly, planned transition of an independent director with a replacement already in place, so there is no material governance concern. Shareholders should expect continuity on the board and key committees, though committee leadership may see some reshuffling in the coming months.