Modern Denim Limited held its 48th Annual General Meeting on September 30, 2026, at its registered office in Sirohi, Rajasthan. The meeting focused on the adoption of audited financial statements for FY26 and key board reappointments.

Suvrat Ranka, Joint Managing Director, served as the Chairman for the session in the absence of Sachin Ranka, Chairman and Managing Director. The proceedings began at 1:00 pm and concluded at 1:50 pm, with 32 members present to form the requisite quorum.

Agenda items and resolutions

The Chairman briefed members on the company's financial performance for the financial year ended March 31, 2026. Following this, specific ordinary and special business resolutions were placed before the shareholders for approval.

Voting and scrutiny process

The company facilitated remote e-voting for members prior to the meeting. The voting window opened on September 27, 2026, at 9:00 am and closed on September 29, 2026, at 5:00 pm. Members who cast votes electronically were permitted to attend the AGM but could not vote again during the physical meeting.

Jyoti Soni, Proprietor of Jyoti Soni and Associates, was appointed as the scrutinizer to oversee the fair counting of votes from both remote e-voting and ballot papers. The consolidated report on voting results is scheduled for submission within stipulated timelines.

Compliance and conclusion

The meeting adhered to the provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Secretarial Standards-2 issued by the Institute of Company Secretaries of India. Statutory registers and documents referenced in the notice remained available for inspection throughout the meeting duration.

Modern Denim Limited appointed Jatin Kothari as an independent director and Subodh Krishan Dutt Paliwal as an executive director on September 21, 2026. Both appointments are effective immediately but remain subject to shareholder approval.

The Board of Directors approved the moves during a meeting held on Monday, September 21, 2026, following recommendations from the Nomination and Remuneration Committee. The company notified BSE Ltd regarding the outcome in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Jatin Kothari joins as an Additional Director designated as a Non-executive Independent Director. His term is set for five years starting from the effective date of appointment. Kothari holds a B.Sc. degree and a Diploma in Materials Management. He brings experience in purchase, materials management, and administration, with specific expertise in procurement, vendor coordination, material planning, and administrative activities.

Subodh Krishan Dutt Paliwal is appointed as an Additional Director designated as an Executive Director. Like Kothari, his term is for five years commencing on September 21, 2026. Paliwal holds a Three-Year Diploma in Electronics & Communication Engineering. He possesses over 30 years of experience in the textile industry, specializing in engineering management, project execution, plant operations, utilities, and maintenance.

Paliwal’s background includes extensive work on greenfield projects, quality management systems, energy efficiency, and liaison with government authorities. Both appointees have disclosed no relationships with existing directors of the company.

Regulatory Compliance

The appointments were formalized pursuant to Regulation 30 (read with Part A of Schedule III) of the SEBI Listing Regulations, 2015. The Board meeting commenced at 3:30 pm and concluded at 4:00 pm. Deepak Jain, Company Secretary (Mem. No. A30074), signed off on the disclosure.