Modis Navnirman Limited has cancelled its previously scheduled virtual investor-analyst meeting that was set for March 30, 2026, at 11:00 AM. The company formally notified both the National Stock Exchange of India Limited and BSE Limited about the cancellation on March 27, 2026, citing unavoidable circumstances.

Meeting Cancellation Details

The cancellation notice was issued in reference to the company's earlier intimation dated March 25, 2026, which had announced the scheduled investor/analyst meet. The key details of the cancelled meeting are outlined below:

Regulatory Compliance

The original meeting announcement was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosures Requirements) Regulation, 2015. The company had previously emphasized that discussions with investors and analysts would be based strictly on generally available information, without involving any unpublished price sensitive information.

Corporate Communication

The formal cancellation communication was signed by Nishi Modi, Company Secretary and Compliance Officer (ACS: 68212), representing Modis Navnirman Limited. The notification was digitally signed on March 27, 2026, at 17:56:55 +05'30' and includes the company's official seal, ensuring proper authentication of the corporate announcement.

Stock Exchange Notification

The company addressed its cancellation notice to both major Indian stock exchanges, providing the relevant trading symbols for reference:

The company requested both exchanges to take the cancellation information on record, maintaining transparency with market participants and regulatory compliance.

Modis Navnirman Limited has officially commenced construction of its latest residential development project, 'Rashmi Avenue,' located in Dahisar West, Mumbai. The company marked this significant milestone with a traditional Bhoomi Poojan ceremony on March 19, 2026, signifying the formal beginning of construction activities for this mixed-use redevelopment project.

Project Specifications and Development Details

The Rashmi Avenue project represents a comprehensive mixed-use redevelopment designed to cater to both residential and commercial needs in the Dahisar area. Located at CTS No. 829, Village Eksar, Kandarpada, Dahisar West, the project spans across a substantial plot area.

Redevelopment Transformation

The project involves the redevelopment of an existing structure, transforming the current setup into a modern, community-centric development. The redevelopment will replace the existing infrastructure and enhance the overall value and utility of the space.

Management Commentary

Speaking on the occasion, Mr. Mahek Modi, Whole-Time Director & Chief Financial Officer of Modis Navnirman Limited, emphasized the company's commitment to redevelopment-led growth. He stated that Rashmi Avenue represents their continued focus on transforming existing communities into modern, future-ready living spaces, with dedication to delivering high-quality construction, efficient design, and long-term value for residents and stakeholders.

Strategic Location and Connectivity

The project's strategic location in Dahisar West positions it within Mumbai's expanding residential corridor, offering excellent connectivity to key parts of Mumbai along with access to essential social infrastructure. This makes it an attractive destination for both homebuyers and businesses, blending contemporary design with functional living to offer residents a comfortable and convenient urban lifestyle.