Modi rubber Limited has announced the outcome of its board meeting held on February 14, 2026, where key financial approvals and reviews were conducted. The meeting, which took place at the company's corporate office in New Delhi, addressed several important matters related to the company's quarterly performance and subsidiary operations.

Board Meeting Outcomes

The board of directors approved multiple significant items during the meeting that commenced at 12:00 PM and concluded at 01:00 PM. The primary focus was on the company's financial performance for the third quarter of fiscal year 2026.

Subsidiary Company Reviews

The board conducted comprehensive reviews of financial statements for eight subsidiary companies and joint venture entities for the period ended December 31, 2025. This review included statements of particulars and related financial documentation.

The subsidiary companies reviewed include:

• Spin Investment (India) Limited
• Superior Investment (India) Limited
• Asahi Modi Materials Private Limited
• Gujarat Guardian Limited
• Modi Marco Aldany Private Limited
• Iq Modi Power Private Limited
• Vinura Beverages Private Limited
• Uniglobe Modi Travels Private Limited

Investment and Transaction Review

The board also examined the statement of investment and related party transactions conducted by the company during the period from October 1, 2025, to December 31, 2025. This review ensures compliance with regulatory requirements and maintains transparency in the company's financial dealings.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Modi Rubber Limited has informed both the Bombay Stock Exchange and the National Stock Exchange of India about these board meeting outcomes, ensuring full regulatory compliance and transparency for stakeholders.

Modi rubber Limited has announced a major development in its joint venture operations, with Gujarat Guardian Limited (GGL) approving substantial expansion plans for its manufacturing capabilities.

Board Approval and Expansion Details

The Board of Directors of Gujarat Guardian Limited approved the expansion plans during their meeting held on January 27, 2026. The company communicated this decision to Modi Rubber Limited through a formal letter dated January 29, 2026.

Financial Structure

The capital cost for the expansion will be fully funded through Gujarat Guardian Limited's internal accruals and borrowings, indicating the joint venture's strong financial position and ability to self-finance growth initiatives. This funding approach demonstrates GGL's operational efficiency and cash generation capabilities.

Regulatory Compliance

Modi Rubber Limited has disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company identified this development as material to its joint venture operations, warranting formal disclosure to the stock exchanges.

Strategic Significance

The expansion represents a significant step in strengthening the manufacturing capacity of Gujarat Guardian Limited. The addition of a second float line and wet coater at the existing Gujarat facility will enhance the joint venture's production capabilities and operational scale.

This development reflects the continued growth trajectory of Modi Rubber Limited's joint venture operations and demonstrates the company's commitment to expanding its manufacturing footprint through strategic partnerships.