Modern Insulators Limited has announced a postal ballot seeking shareholder approval for key leadership changes. The company has issued a notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, proposing the appointment of Shri Shreyans Ranka as Joint Managing Director.

Appointment Details and Remuneration Structure

The Board of Directors approved Ranka's appointment at their meeting held on January 08, 2026, based on the recommendation of the Nomination and Remuneration Committee. Currently serving as Whole-time Director, Ranka will transition to the role of Joint Managing Director for a five-year term effective from January 08, 2026.

The remuneration package includes additional perquisites such as gratuity benefits, medical expense reimbursements, free use of company car with driver, and telephone facility for business purposes. The Board retains authority to revise remuneration based on Nomination & Remuneration Committee recommendations.

E-Voting Process and Timeline

Modern Insulators has engaged Central Depository Services Limited (CDSL) to facilitate the remote e-voting process. Ms. Anshika Gupta, a Practising Company Secretary, has been appointed as Scrutinizer to ensure fair and transparent conduct of the postal ballot.

Shareholders whose names appear on the Register of Members or List of Beneficial Owners as on the cut-off date of January 23, 2026, are eligible to participate in the e-voting process. The postal ballot notice is being sent electronically to members with registered email addresses.

Leadership Background and Qualifications

Shri Shreyans Ranka brings significant educational credentials and industry experience to the role. He holds a Bachelor's degree in Industrial Engineering from University of Illinois at Urbana Champaign, USA, and a Master's in Management from Imperial Business School, London. His expertise spans finance and corporate management areas.

The Board noted that Ranka has demonstrated strong leadership capabilities and possesses deep understanding of the company's business operations, strategic initiatives, and corporate governance framework during his tenure as Whole-time Director.

Regulatory Compliance and Shareholder Information

The appointment follows provisions of Sections 196, 197, 203 and other applicable sections of the Companies Act, 2013, read with Schedule V. In case of absence or inadequacy of profits in any financial year, Ranka's remuneration will be governed by limits specified in Schedule V of the Companies Act, 2013.

Shareholders can access the complete postal ballot notice on the company's website at www.moderninsulators.com , BSE website, and CDSL's e-voting portal. The company has made arrangements for shareholders to register their email addresses for receiving electronic communications and participating in the voting process.

Modern Insulators Limited has received an important update from the National Company Law Tribunal (NCLT) regarding its petition for a scheme of arrangement with Modern Denim Limited. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCLT Hearing Outcome

The Hon'ble NCLT Jaipur Bench conducted a hearing on January 22, 2026, and disposed of the company petition (C.P.(CAA) - 14/2022) filed by Modern Insulators Limited. The tribunal's decision came with specific conditions that the company must fulfill before proceeding further.

Regulatory Requirements and Next Steps

The NCLT has granted Modern Insulators Limited liberty to approach the tribunal again after completion of certain regulatory and procedural requirements. These requirements include obtaining necessary approvals from regulatory authorities, which the company must fulfill before resubmitting its petition.

The company is currently awaiting a certified copy of the NCLT order. Once received, Modern Insulators Limited will review the order thoroughly to understand the specific compliance requirements and determine the appropriate course of action.

Scheme of Arrangement Details

The scheme of arrangement involves Modern Insulators Limited and Modern Denim Limited, along with their respective shareholders and creditors. The company had previously filed the petition seeking necessary directions and approval from the NCLT for implementing this corporate restructuring initiative.

Compliance and Future Actions

Modern Insulators Limited has committed to taking appropriate steps to complete the requisite compliances for proceeding further in the matter. The company will ensure all actions are taken in accordance with applicable laws and regulations. The disclosure was signed by Animesh Banerjee, Executive Director (DIN: 07905214), on January 23, 2026.