Modern Insulators Ltd — Important, 23-01-2026: Company Update

Modern Insulators shared an update on its Scheme of Arrangement with Modern Denim Limited. The NCLT has disposed of the company's petition seeking approval for this scheme. The Tribunal has granted Modern Insulators the flexibility to re-approach once specific regulatory and procedural requirements, including necessary approvals, are completed. The company is awaiting the certified order, will review it, and plans to undertake the necessary compliances to proceed with the arrangement. This development affects the timeline for the proposed scheme.