Modern Insulators Ltd — Board Meeting, 14-08-2025: Board Meeting

Modern Insulators Ltd. has announced a board meeting where it approved the financial results for the quarter ended 30th June 2025. Consolidated revenue from operations stood at ₹141.38 Cr, with profit after tax at ₹15.22 Cr. The company's auditors noted that a tax provision of ₹2.62 Cr was not made in the accounts due to a proposed amalgamation. The board also approved the appointment of new Secretarial Auditors for five years, pending shareholder approval. Additionally, the company provided an interest-free unsecured loan of ₹71.24 Cr for a proposed amalgamation and ₹11.31 Cr to a wholly-owned subsidiary for business needs.