The Board of Directors in their meeting held today i,e, 09th January, 2026, has considered and approved the appointment of Shri Suvrat Ranka as Joint Managing Director of the Company effective ....
Awaiting price reaction for this filing.
The Board of Modern Denim Limited has approved the appointment of Shri Suvrat Ranka (DIN: 08076235) as Joint Managing Director for a 5-year term effective January 9, 2026, subject to shareholder approval via postal ballot. Shri Suvrat Ranka is already a Whole-Time Director of the company since April 1, 2018, and holds a Bachelor's in Banking & Insurance and an MSc in Innovation & Entrepreneurship from the University of Warwick, London. He is the son of Shri Sachin Ranka, the current Chairman & Managing Director, indicating a promoter family succession. The board meeting commenced at 4:00 PM and concluded at 4:30 PM on January 9, 2026.
This is an internal elevation of a Whole-Time Director (and promoter family member) to Joint Managing Director, signaling continuity in leadership rather than a change. Shareholders will need to approve the appointment via postal ballot; a successful vote will formalize a second top management role within the promoter family.