Modern Threads (India) Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

Modern Threads has announced a board meeting approving the audited financial results for the quarter and year ended March 31, 2025. The company posted annual revenue of Rs 300.49 Cr and a net profit of Rs 34.78 Cr. Mr. Rajesh Ranka is set to continue as Chairman and Managing Director for another three years, pending shareholder nod. S. Goyal & Co. will remain Cost Auditors for FY26, while R.K. Jain & Associates join as Secretarial Auditor for five years, subject to approval. Discussions continue on dividend settlement for cumulative redeemable preference shares of Rs 36.13 lakhs.