Modis Navnirman Ltd — Updates, 10-06-2025: Company Update

Modi's Navnirman Limited has announced a board meeting to consider the financial results for the quarter and half-year. Separately, its wholly owned subsidiary, Shree Modi's Navnirman Private Limited, will be merged into the parent company through a Scheme of Amalgamation effective from April 1, 2025. This move aims to simplify governance, optimize resources, reduce administrative costs, and enhance shareholder value by consolidating their infrastructure development and real estate businesses. All assets, liabilities, contracts, employees, and tax benefits of the subsidiary will vest in Modi's Navnirman Limited, which will also absorb all ongoing legal proceedings. The subsidiary’s shares held by the parent will be cancelled with no issuance of new shares. The authorized share capital of Modi's Navnirman Limited will increase accordingly. The scheme has been approved by the boards of both entities and is subject to regulatory and statutory approvals.