Modipon Limited has formally notified the stock exchanges about an upcoming board meeting scheduled to review its quarterly financial performance. The company submitted the regulatory intimation to BSE Limited on February 07, 2026, outlining the agenda and timeline for the financial results announcement.

Board Meeting Details

The key parameters of the scheduled board meeting are outlined below:

Trading Window Restrictions

In accordance with insider trading prevention protocols, Modipon Limited has implemented a trading window closure for all designated persons within the company. This restriction period was previously communicated to the exchanges on December 27, 2025.

Regulatory Compliance

The board meeting intimation was submitted under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Vineet Kumar Thareja signed the notification, ensuring proper regulatory adherence. The company maintains its registered office at Hapur Road, Modinagar, Ghaziabad, and continues to fulfill all statutory disclosure requirements as a listed entity on BSE Limited.

The upcoming financial results will provide insights into Modipon Limited's operational and financial performance for the third quarter of fiscal year 2026, covering the three-month period that concluded on December 31, 2025.

Modipon Limited , a company that discontinued its manufacturing operations in 2007, has recently approved its unaudited financial results for the quarter and half year ended September 30, 2025. The results indicate ongoing challenges for the company as it continues to face financial losses and legal proceedings with Punjab National Bank (PNB).

Financial Performance and Legal Challenges

The company's Board of Directors, in a meeting held on November 14, 2025, approved and adopted the unaudited financial results. While specific figures were not disclosed, the company reported continued losses for the period. These financial difficulties are compounded by multiple legal proceedings with PNB, primarily concerning loan settlements.

Ongoing Disputes

Modipon Limited is involved in several disputes:

1. One-Time Settlement (OTS) Terms: The company is engaged in a legal battle with PNB over the terms of a one-time settlement.

2. Commercial Tax Liabilities: There are ongoing disputes regarding commercial tax obligations.

3. Central Excise Dues: The company is facing issues related to central excise dues.

These legal proceedings collectively involve several crores of rupees, adding significant financial pressure to the company.

Legal Developments

Recent legal developments highlight the complexity of the situation:

• A Debts Recovery Tribunal-II, Delhi order dated July 30, 2018, was passed in favor of Modipon Limited. This order directed PNB to accept ₹65.00 lakhs as outstanding principal of OTS, plus ₹258.62 lakhs as interest.
• PNB has encashed ₹65.00 lakhs towards principal OTS and ₹259.62 lakhs towards interest, as per the order of the Debts Recovery Appellate Tribunal (DRAT), New Delhi.
• The DRAT reserved its order on December 27, 2018, in this matter.
• The Delhi High Court, through an order dated October 24, 2019, stayed the DRAT and NCLT proceedings filed by PNB until further notice.

Discrepancies in Financial Records

Adding to the complexity, there appears to be a discrepancy in the company's financial records:

• The outstanding liability in the company's books is higher than the OTS amount by ₹183.90 lakhs.
• This difference is attributed to interest provisions made by the company.

Looking Ahead

As Modipon Limited continues to navigate these financial and legal challenges, the resolution of its disputes with PNB and other authorities may be crucial for its future. The ongoing legal proceedings and their outcomes could potentially impact the company's financial health and operational capabilities.

Investors and stakeholders may closely watch for any developments in these legal battles and their potential impact on the company's situation.