Shareholders of Modi Naturals Limited approved key governance resolutions, including the appointment of new statutory and secretarial auditors, during the company's 52nd Annual General Meeting (AGM) held on July 31, 2026. The meeting, conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), addressed critical compliance matters under Regulation 30 read with Schedule III - Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The proceedings were chaired by Akshay Modi, who took the chair in the absence of Anil Modi due to ill health. One hundred twenty members joined the virtual meeting, which commenced at 2:30 p.m. IST and concluded at 3:13 p.m. IST. The quorum was present throughout, allowing for the transacting of all business items listed in the notice dated July 6, 2026.

Key Resolutions Passed

The shareholders voted on six ordinary resolutions covering both ordinary and special business items. The most significant outcomes included the regularization and five-year appointment of M/s B. Chhawcharia & Co. as Statutory Auditors to fill a casual vacancy, and the appointment of M/s A.K. Verma & Co. as Secretarial Auditors for a term of five consecutive years.

Mrs. Aditi Modi, who was retiring by rotation, was successfully re-appointed as a Director. Additionally, the board sought ratification for the remuneration payable to Cost Auditors for the financial year 2026-27.

Governance and Compliance Details

The Company Secretary, Rajan Kumar Singh, confirmed that the reports from the Statutory Auditors, M/s Doogar & Associates Chartered Accountants, and the Secretarial Auditor, M/s Deepak Bansal & Associates, contained no qualifications, reservations, or adverse remarks. These reports were taken as read with member consent.

Remote e-voting was conducted from July 28, 2026, at 10:00 a.m. IST to July 30, 2026, at 5:00 p.m. IST. Shareholders holding shares as of the cut-off date of July 24, 2026, were eligible to vote. The consolidated voting results are scheduled to be announced within two working days and submitted to BSE Limited and the National Stock Exchange of India Limited.

What the Numbers Show

The clean audit reports from both statutory and secretarial auditors indicate strong internal controls and regulatory compliance for Modi Naturals Limited in FY26. The successful re-appointment of long-term auditors suggests stability in the company's financial reporting framework, providing investors with confidence in the accuracy of the adopted standalone and consolidated financial statements.

Modi Naturals Limited has appointed Ankita Singal as a Non-Executive Independent Women Director at its unlisted material subsidiary, Modi Biotech Private Limited. The appointment was approved by the members of Modi Biotech at their fifth Annual General Meeting held on July 30, 2026, and becomes effective on the same date. This move strengthens the governance framework of the subsidiary, ensuring compliance with regulatory requirements for independent representation on the board.

The disclosure was made in compliance with Regulation 24 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company adhered to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding disclosures related to changes in directorship. Rajan Kumar Singh, Company Secretary & Compliance Officer of Modi Naturals Limited, signed the intimation letter submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).

Appointment Details

The key details of the appointment are outlined below:

Profile and Compliance

Ankita Singal holds a Bachelor of Commerce (Honours) degree from Lady Shriram College for Women, Delhi University, and a Master in Business Administration from Infinity Business School. She possesses approximately 20 years of experience across finance, marketing, and general business management.

As per the disclosure requirements under BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, and NSE Circular No. NSE/CML/2018/02 dated June 20, 2018, Singal is not related to any existing directors of Modi Naturals Limited. Furthermore, she is not debarred from holding the office of a Director by virtue of any order issued by the Ministry of Corporate Affairs (MCA), SEBI, or any other statutory authority.