Modis Navnirman Limited has scheduled its 5th Annual General Meeting (AGM) for August 5, 2026, at 11:00 A.M. to adopt the audited financial statements for the year ended March 31, 2026, and re-appoint Mr. Dinesh Modi. The meeting will be held at the company's registered office located at Shop No. 1, Rashmi Heights, M.G. Road, Kandivali (West), Mumbai - 400 067. The Board of Directors finalized the arrangements during a meeting held on July 6, 2026.

Meeting Agenda

The AGM will transact ordinary business, including the consideration and adoption of the audited standalone and consolidated financial statements for FY26 along with the reports of the Board of Directors and Auditors. Shareholders will also consider the re-appointment of Mr. Dinesh Modi (DIN: 02793201), who retires by rotation and is eligible for re-appointment. Mr. Dinesh Modi currently serves as the Chairman and Managing Director, holding 30.78% of the company's share capital.

E-voting and Participation

The company has provided a remote e-voting facility through Bigshare Services Private Limited to facilitate shareholder participation. Shareholders recorded in the Register of Members as of the cut-off date, Wednesday, July 29, 2026, are entitled to vote. The remote e-voting period begins on August 1, 2026, at 9:00 A.M. and concludes on August 4, 2026, at 5:00 P.M. Mr. Jigarkumar Gandhi, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the voting process is conducted transparently.

Regulatory Compliance

The notice and annual report for FY26 were sent electronically to shareholders on July 10, 2026, and uploaded to the company's website. The company submitted the outcome to the National Stock Exchange of India Limited and BSE Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Nishi Modi, Company Secretary and Compliance Officer, signed the disclosure.

Modis Navnirman Limited reported an 84% increase in revenue to ₹18,931.35 lakh for the financial year ended March 31, 2026. The company’s profit after tax rose 26% to ₹2,917.86 lakh, while total comprehensive income stood at ₹2,913.65 lakh.

The company’s strong performance was driven by robust sales momentum across its residential portfolio. It delivered two redevelopment projects, Rashmi Vasudeo and Rashmi Celestia, during the year. Additionally, the company secured new redevelopment projects with an estimated Gross Development Value of approximately ₹400 crore, including New Chitra Society in Kandivali west and Bank of India Staff Sheetal in Borivali west.

A key strategic milestone during the year was the migration from the SME platform to the Main Board of BSE and NSE, effective November 14, 2025. The company also completed the amalgamation of its wholly owned subsidiary, Shree Modis Navn|irman Private Limited, with itself following NCLT approval on October 16, 2025. Furthermore, the company incorporated Modis Navnirman Foundation, a Section 8 company, as a wholly owned subsidiary on January 20, 2026.

The board has decided to retain the entire profit for the year in the business and has not recommended any dividend. The company continues to remain debt-free, providing a strong financial foundation for future growth. The audited financial statements for the year ended March 31, 2026, were prepared in compliance with the Indian Accounting Standards (Ind AS).

Financial Performance

Strategic Developments

The company successfully migrated from the SME platform to the Main Board of BSE and NSE, enhancing market visibility and liquidity. It also completed the amalgamation of Shree Modis Navnirman Private Limited, a wholly owned subsidiary, to strengthen operational capabilities. To expand its development pipeline, the company secured new redevelopment mandates in Mumbai’s western suburbs with a combined estimated GDV of ₹400 crore.