Modern Insulators Limited has successfully completed its postal ballot process for the appointment of Shri Shreyans Ranka (DIN: 06470710) as Joint Managing Director. The company declared the results on March 5, 2026, following the conclusion of the remote e-voting period that ran from February 2, 2026 at 9:00 A.M. to March 3, 2026 at 5:00 P.M.

Overwhelming Shareholder Support

The postal ballot results demonstrate strong shareholder confidence in the proposed appointment. The voting outcome shows decisive support across different shareholder categories:

Category-wise Voting Pattern

The voting pattern across different shareholder categories reveals interesting participation levels:

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company engaged Central Depository Services (India) Limited (CDSL) to provide the remote e-voting facility to shareholders.

Ms. Anshika Gupta, Practicing Company Secretary and Proprietor of Anshika & Associates (FCS No. 7733, CP No. 8587), served as the scrutinizer for the postal ballot process. Her report dated March 5, 2026, confirmed that the ordinary resolution was passed with the requisite majority.

Key Details of the Resolution

The postal ballot notice was dated January 8, 2026, and shareholders holding shares as on the cut-off date of January 16, 2026, were entitled to vote. The resolution sought approval for both the appointment and payment of remuneration to Shri Shreyans Ranka as Joint Managing Director.

Corporate Communication

Animesh Banerjee, Executive Director (DIN: 07905214), signed the declaration of results on behalf of Modern Insulators Limited. The voting results and scrutinizer's report have been hosted on the company's website at www.moderninsulators.com/notices-announcements/ for public access and transparency.

Modern Insulators Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating exceptional performance across key financial metrics. The company's board meeting held on February 10, 2026, approved both standalone and consolidated financial results along with other significant corporate decisions.

Outstanding Q3FY26 Financial Performance

The company delivered remarkable financial results for the quarter ended December 31, 2025, showcasing substantial growth across revenue and profitability metrics.

Nine Months Performance Overview

For the nine months ended December 31, 2025, Modern Insulators maintained strong momentum with revenue from operations reaching ₹51,727.43 lacs compared to ₹34,332.07 lacs in the corresponding period last year. Net profit for the nine-month period stood at ₹5,833.16 lacs against ₹3,014.74 lacs in the previous year, representing a growth of 93.52%.

Segment-wise Business Performance

The company operates primarily in two business segments, with insulators being the dominant revenue contributor.

Board Decisions and Corporate Governance

The board meeting, which commenced at 6:00 PM and concluded at 8:00 PM on February 10, 2026, addressed several important matters beyond financial results approval.

Regulatory Compliance and Publication

Following the board approval, Modern Insulators fulfilled its regulatory obligations under SEBI (LODR) Regulations 2015. The company published its unaudited financial results in leading newspapers on February 12, 2026, including "Indian Express" (English edition) and "Jan Satta" (Hindi edition), ensuring compliance with Regulation 47 requirements.

Legal and Regulatory Updates

The company provided updates on significant legal proceedings affecting its operations. The National Company Law Tribunal (NCLT), Jaipur Bench, disposed of the company's petition regarding the Scheme of Arrangement between Modern Insulators Limited and Modern Denim Limited on January 22, 2026. The management is currently reviewing the NCLT order and exploring appropriate steps for requisite compliances.

Financial Position and Key Metrics

Modern Insulators maintains a strong financial position with total assets of ₹68,593.08 lacs as of December 31, 2025, compared to ₹58,150.17 lacs in the previous year. The company's paid-up equity share capital remains stable at ₹4,714.39 lacs with a face value of ₹10.00 per share. The results were prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.