Modipon Ltd — Dividend/Bonus, 04-08-2025: Corp. Action

Modipon Limited will hold its 58th Annual General Meeting virtually on August 26, 2025, to adopt its annual audited financial results for FY2024-25. The company reported a net loss of ₹0.66 Cr and negative net worth of ₹-91.75 Cr for the year, with no operational revenue. Key agenda items include re-appointments of independent directors and Chairman & Managing Director, plus approval for related party loans up to ₹1 Cr each. Auditors highlight material uncertainties: unconfirmed balances, significant unprovided interest liabilities (over ₹10 Cr), and ongoing litigations with banks and tax authorities. The company's manufacturing operations remain closed as it focuses on real estate development.