MODERN INSULATORS LTD.

Manufactures electrical insulators as its main product, reporting strong revenue and profit growth in FY26. Total revenue for FY26 was Rs 719.84 crore with net profit of Rs 79.78 crore, while Q3 FY26 standalone revenue was Rs 19,939 lacs, up about 60% year-on-year. The named business segments in the filings are Insulators, Terry Towels and Others; the Insulators segment drove the bulk of growth, with 9M FY26 insulators revenue up about 57%, while Terry Towels stayed broadly flat. The company has extended large interest-free unsecured loans — Rs 7,119 lacs to a related party under Section 189 for a proposed amalgamation and Rs 1,923 lacs to a wholly owned subsidiary. A scheme of arrangement with Modern Denim Limited remains pending NCLT approval, and the statutory auditor has issued qualified opinions because tax provisions of Rs 936.19 lacs for FY26 (cumulative Rs 12,780.38 lacs) have not been booked pending that amalgamation. The company has also begun deploying surplus cash into alternative investment funds, committing up to Rs 25 crore in Buoyant Large Value Fund and up to Rs 51 crore in Avendus Structured Credit Fund III, both described as outside its main line of manufacturing insulators.