Modipon Ltd — Others, 04-08-2025: Others

Modipon Limited will hold its 58th Annual General Meeting to adopt the annual financial results for FY2024-25, which show a loss of 0.66 Cr and negative net worth of 91.75 Cr. Shareholders will vote on re-appointing Independent Directors Mrs. Kavita Rani and Mr. Nitesh Kumar for second terms. Mr. Manish Modi's re-appointment as Chairman & Managing Director is also proposed following a prior application rejection by MCA, though he receives nil salary. Approval is sought for related party borrowings up to ₹1 Crore. The company's manufacturing operations remain closed since 2007, operating on a non-going concern basis, facing significant pending litigations and unprovided liabilities.