Modis Navnirman Ltd — Others, 14-07-2025: AGM/EGM

Modi's Navnirman Limited is seeking shareholder approval for the amalgamation of its wholly-owned subsidiary, Shree Modi's Navnirman Private Limited, through a postal ballot. This merger aims to simplify the corporate structure, optimize resources, and reduce operational costs, thereby enhancing shareholder value. As the subsidiary is wholly-owned, no new shares will be issued by Modi's Navnirman Limited, meaning existing shareholder patterns remain unchanged. The subsidiary's assets, approximately 32.45 Cr, and liabilities will be absorbed, strengthening the parent company's financial structure. This move is expected to improve financial visibility and drive future synergies for stakeholders.