Modis Navnirman Limited shareholders have reappointed Dinesh Modi as a director following the conclusion of the company's 5th Annual General Meeting (AGM) held on August 5, 2026. The meeting, convened under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also saw the adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The proceedings were presided over by Mr. Dinesh Modi, Chairman of the Board, who confirmed the presence of the requisite quorum as per Section 103 of the Companies Act, 2013. The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). Key committee chairpersons from the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee were present to address member queries.

Financial Performance Highlights

Mr. Mahek Modi, Chief Financial Officer, presented the company's financial performance to the members. He reported that Modis Navnirman delivered a record-breaking performance in FY26, characterized by significant growth in both revenues and profitability. Notably, the company achieved its FY25 profit level within the first half of FY26 and further surpassed this benchmark during the nine-month period. This trajectory underscores the strength of the business model, disciplined execution, and sustained demand across projects.

Mr. Modi emphasized that the company remains debt-free, providing a robust financial foundation for pursuing future growth opportunities with confidence. The Statutory Auditor's report contained no qualifications, reservations, adverse remarks, or disclaimers, affirming the integrity of the financial statements.

Corporate Developments

Beyond financial results, the management highlighted key corporate actions undertaken during the period. These include the merger of a private limited wholly-owned subsidiary into the parent company, which is listed on the BSE and NSE main boards. Additionally, the company incorporated the Modis Navnirman Foundation, signaling a commitment to structured corporate social responsibility initiatives.

Voting and Compliance

The voting process was scrutinized by Mr. Jigarkumar Gandhi, Proprietor of M/s. JNG & Co., Company Secretaries, appointed as the Scrutinizer. Shareholders who had not cast their votes through remote e-voting prior to the meeting were provided ballot papers at the venue. The consolidated voting results were disseminated to the stock exchanges where the shares are listed and made available on the company's website.

The meeting concluded at 11:35 A.M. IST after a vote of thanks was delivered by the Chairman. The Company Secretary was authorized to accept and countersign the Scrutinizer's report in accordance with the Companies Act, 2013.

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.