Modern threads (India) Limited has successfully concluded its postal ballot process with shareholders providing overwhelming support for key leadership appointments. The company announced the voting results on March 28, 2026, following the completion of the remote e-voting period.

Postal Ballot Results

The special resolution for appointing Mr. Prabodh Kumar Nahar (DIN: 11457800) as Whole-time Director designated as Executive Director received exceptional shareholder support. The voting concluded on March 27, 2026, at 17:00 hours (IST), with the scrutinizer submitting the official report on March 28, 2026.

Voting Process and Timeline

The company conducted the postal ballot through remote e-voting facility provided by National Securities Depository Limited (NSDL). The process followed a structured timeline to ensure proper shareholder participation and regulatory compliance.

Scrutinizer Oversight

CS Rajendra Kumar Jain, Proprietor of R.K Jain & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer ensured compliance with Section 108 and Section 110 of the Companies Act, 2013, along with relevant rules under the Companies (Management and Administration) Rules, 2014.

The vote counting process was conducted in the presence of two independent witnesses, Ms. Kirti Agarwal and Ms. Shubhangi Janifer, who are not employed by the company. This arrangement ensured transparency and independence in the ballot counting process.

Regulatory Compliance

The postal ballot process adhered to multiple regulatory frameworks including SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and various MCA circulars. The company has published the voting results and scrutinizer's report on its website at www.modernwoollens.com and on NSDL's e-voting platform at www.evoting.nsdl.com .

The successful completion of this postal ballot enables Modern Threads (India) Limited to proceed with the formal appointment of Mr. Prabodh Kumar Nahar as Whole-time Director, strengthening the company's executive leadership structure.

Modern Threads (India) Limited announced key auditor appointments following a Board of Directors meeting held on 27.03.2026. The board approved the re-appointment of both tax and internal auditors for upcoming financial years, ensuring continuity in the company's audit processes.

Board Decisions and Appointments

The board meeting resulted in two significant re-appointments, both recommended by the company's Audit Committee. These decisions demonstrate the company's commitment to maintaining robust financial oversight and compliance with regulatory requirements.

Tax Auditor Profile and Credentials

S.S. Surana & Co., Chartered Accountants, based in Jaipur, brings extensive experience to Modern Threads. The firm is registered with the Institute of Chartered Accountants of India (ICAI) under Firm Registration No. 001079C. With more than 44 years of experience, the firm specializes in multiple areas including accounting services, tax advisory, statutory audit, internal audit, management audit, and GST compliance. The firm maintains a strong professional track record, having conducted statutory audits for various other companies across different sectors.

Internal Auditor Qualifications

Mr. Naveen Kumar Vijayvargiya, son of Shri Ram Prakash Vijayvargiya, has been re-appointed as Internal Auditor for financial year 2026-27. He holds Chartered Accountant (Inter) qualification and possesses comprehensive experience across multiple domains. His expertise spans accounting, taxation, internal audit, information technology, corporate laws, and GST regulations, making him well-suited for the internal audit responsibilities.

Regulatory Compliance

The appointments were made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations by providing detailed information about both appointments, including professional profiles and relevant credentials. This compliance ensures transparency and maintains investor confidence in the company's governance practices.

Corporate Governance Impact

These re-appointments reflect Modern Threads' focus on maintaining experienced audit professionals who understand the company's operations and regulatory environment. The continuity in audit relationships helps ensure consistent oversight while leveraging the auditors' accumulated knowledge of the company's business processes and risk factors.