Re- Appointment of Mr. Raj Kumar Modi Managing Director, Mr. Prabhat Modi Whole Time Director, Mr. Yogesh Kumar Garg Independent Director and Ms. Anamika Bhola Secretarial Auditor in the Company.
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At the AGM held on September 11, 2025, shareholders approved the re-appointment of Mr. Raj Kumar Modi as Managing Director for 5 years (Oct 31, 2025 to Oct 30, 2030), Mr. Prabhat Modi as Whole Time Director for 5 years (Aug 10, 2025 to Aug 9, 2030), and Mr. Yogesh Kumar Garg as Non-Executive Independent Director for a second 5-year term. The Modi family retains control of executive leadership, with Raj Kumar Modi (promoter/MD) and Prabhat Modi (WTD) being related to each other and to Mrs. Rekha Modi, a Non-Executive Non-Independent Director. M/s Anamika Bhola & Associates was also appointed as Secretarial Auditor for FY 2025-26 to FY 2029-30.
Continuity in leadership with the promoter family firmly in charge of management for the next five years. No change in board composition or control structure, which means limited catalyst for re-rating but also no governance disruption for existing shareholders.