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.

Modi Rubber Limited has announced the sale of six office units at Barton Centre, Bangalore for ₹3.47 crores. The Board of Directors unanimously approved this strategic asset disposal through a circular resolution on January 21st, 2026.

Transaction Details

The sale involves six office units situated at the prestigious Barton Centre on M.G. Road, Bangalore. The company has entered into an agreement with Nawka Granites Private Limited for the disposal of these commercial properties.

Financial Terms and Conditions

The total sale consideration amounts to ₹3.47 crores (Indian Rupees Three Crores Forty Seven Lacs only). As part of the agreement terms, all applicable stamp duty, registration fees, and taxes will be borne by the buyer, Nawka Granites Private Limited.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this is not a related party transaction, as the buyer has no shareholding in Modi Rubber Limited and is not connected to the promoter group.

Corporate Governance

The sale was approved through a circular resolution by the Board of Directors, demonstrating efficient decision-making processes. Company Secretary SK Bajpai signed the disclosure documents, ensuring proper regulatory compliance and transparency with stock exchanges including BSE (Scrip Code: 532432) and NSE (Scrip Code: UNITDSPR).