Modern Denim Limited Appoints Suvrat Ranka as Joint Managing Director
Modern Denim Limited's Board of Directors unanimously approved Suvrat Ranka's appointment as Joint Managing Director for five years, effective January 9, 2026, subject to shareholder approval. Ranka, currently Whole-Time Director since April 2018, brings expertise in business strategy and management, holding degrees from University of Warwick. The appointment maintains family leadership as he is the son of Chairman & Managing Director Sachin Ranka.
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Modern Denim Limited has announced a significant leadership appointment, with its Board of Directors unanimously approving the elevation of Suvrat Ranka to the position of Joint Managing Director. The decision was made during a board meeting held on January 9, 2026, following recommendations from the company's Nomination and Remuneration Committee.
Appointment Details
The key parameters of Suvrat Ranka's appointment are outlined below:
| Parameter: | Details |
|---|---|
| Current Position: | Whole-Time Director |
| New Designation: | Joint Managing Director |
| Effective Date: | January 9, 2026 |
| Term Duration: | 5 consecutive years |
| Approval Status: | Subject to shareholder consent |
| DIN Number: | 08076235 |
Professional Background
Suvrat Ranka brings substantial experience to his new role, having served as Whole-Time Director of Modern Denim Limited since April 1, 2018. His expertise spans multiple business areas including business strategy, sales, marketing, and business management. Ranka holds strong academic credentials with a Bachelor's degree in Banking & Insurance and a Master of Science in Innovation & Entrepreneurship from the University of Warwick, London.
Corporate Governance Process
The appointment follows proper corporate governance protocols, with the board acting on the Nomination and Remuneration Committee's recommendation. The company will seek shareholder approval through a postal ballot process, with the notice and explanatory statement to be sent to members in due course. The postal ballot documentation will be simultaneously submitted to stock exchanges as per regulatory requirements.
Family Connection
The appointment maintains family leadership continuity within the organization, as Suvrat Ranka is the son of Sachin Ranka, who serves as Chairman & Managing Director of Modern Denim Limited. This succession planning reflects the company's strategy to blend experienced leadership with fresh perspectives.
Regulatory Compliance
The announcement was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 4:00 PM and concluded at 4:30 PM on January 9, 2026, with all necessary documentation submitted to BSE Limited under scrip code 500451.
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