MODISON LIMITED has informed the Exchange regarding Notice of Postal Ballot
MODISONLTD · price
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Modison Limited has issued a Postal Ballot Notice seeking shareholder approval to appoint Mr. Nandkishore Bafna (DIN: 00019372) as a Non-Executive Independent Director for a 5-year term from November 1, 2025 to October 31, 2030. Since Mr. Bafna is 86 years old, the appointment requires a special resolution under SEBI Regulation 17(1A). He is a Partner at Lodha & Co. LLP with over 45 years of experience in assurance and corporate finance advisory, a rank-holding Chartered Accountant, and currently serves on the board of GTN Textile Limited. E-voting via NSDL runs from September 26, 2025 (9:00 a.m.) to October 25, 2025 (5:00 p.m.), with results to be announced on or before October 27, 2025. The notice has been circulated electronically to all members as of the cut-off date of September 19, 2025.
This is a routine board-strengthening move that brings a highly experienced finance and governance professional onto the board. It is unlikely to have any material impact on the stock price, but shareholders should review the candidate's profile before voting.