Modern dairies Limited has successfully obtained listing approval from BSE Limited for 28,00,000 equity shares issued through warrant conversion. The approval marks a significant milestone in the company's capital structure enhancement following the allotment to promoters and promoter group members.

BSE Approval Details

The exchange granted listing approval on April 10, 2026, through official communication bearing reference number LOD/PREF/KS/FIP/49/2026-27. The approval covers the complete issuance of 28,00,000 equity shares that were previously allotted pursuant to warrant conversion.

Warrant Conversion Process

The equity shares were issued following the conversion of warrants allotted to promoters and promoter group on a preferential basis. Modern Dairies had previously intimated the exchange about this allotment on February 27, 2026, ensuring compliance with all applicable SEBI regulations and Companies Act, 2013 provisions.

The conversion process was conducted in accordance with:

• Securities and Exchange Board of India regulations
• Companies Act, 2013 requirements
• Listing Obligations and Disclosure Requirements, 2015
• Regulation 30 compliance protocols

Regulatory Compliance

The company has maintained strict adherence to regulatory requirements throughout the warrant conversion and listing approval process. The intimation was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015, demonstrating the company's commitment to transparent disclosure practices.

With BSE's formal approval now secured, Modern Dairies Limited can proceed with the final listing formalities for these 28,00,000 equity shares, strengthening its equity base and providing enhanced liquidity options for stakeholders.

Modern Dairies Limited has filed its monthly compliance report with BSE Limited regarding physical share transfer requests under the special window provision established by SEBI. The dairy company reported zero activity across all categories for March 2026, demonstrating continued compliance with regulatory disclosure requirements.

Regulatory Compliance Report

The report was submitted on April 8, 2026, by Company Secretary and Compliance Officer Shruti Joshi, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission references SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, which established the special window for re-lodgment of physical share transfers.

March 2026 Activity Summary

MCS Share Transfer Agent Limited, serving as the company's registrar and transfer agent, provided the detailed status report for March 2026. The comprehensive data shows complete absence of physical share transfer activity during the reporting period.

Transfer Agent Confirmation

The report from MCS Share Transfer Agent Limited, dated April 6, 2026, confirmed the nil status for all physical share transfer categories. The registrar, based in New Delhi's Okhla Industrial Area, maintains comprehensive records of shareholder transfer requests under the SEBI special window provision.

Since no requests were rejected during March 2026, the detailed rejection analysis section remained empty, with all fields marked as not applicable. The company's systematic reporting approach ensures transparency in physical share transfer processes.

Corporate Information

Modern Dairies Limited operates with its corporate office located in Chandigarh and registered office in Karnal, Haryana. The company trades on BSE with scrip code 519287 and maintains regular compliance with all regulatory disclosure requirements through its dedicated compliance framework.