Modipon Ltd — Others, 04-08-2025: AGM/EGM

Modipon Limited's 58th Annual General Meeting on August 26, 2025, will address key financial and operational matters. The company's annual financial results for FY25 show a net loss of ₹0.66 Cr, with net worth deeply negative at ₹91.75 Cr. Shareholders will vote on re-appointing two Independent Directors and Mr. Manish Modi as Chairman & Managing Director. Additionally, approval is sought for significant related party transactions totaling up to ₹1 Cr for crucial operational funding. Auditors have raised concerns, highlighting over ₹10 Cr in unprovided interest liabilities and various litigations, casting a shadow on the company's financial transparency and ability to continue as a going concern.