Modern Threads (India) Limited — Others, 30-05-2025: Change in Management

Modern Threads (India) Limited has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025, reporting total income of Rs 300.49 Cr and net profit after tax of Rs 34.78 Cr for the year. The Board re-appointed Mr. Rajesh Ranka as Chairman and Managing Director for three years, pending shareholder approval. S. Goyal & Co. continues as Cost Auditor, and R.K. Jain & Associates joins as Secretarial Auditor for five years, both subject to approval. The audit report carries a qualified opinion due to non-provision of Rs 10.48 Cr cumulative dividend on redeemable preference shares and pending confirmation of trade payables/receivables. Preference share dues are being settled. A wholly owned UK subsidiary has been incorporated but has yet to start operations.