Modern Threads Appoints Prabodh Kumar Nahar as Whole-time Director; E-voting from Feb 26
Modern Threads appoints Prabodh Kumar Nahar as Whole-time Director for three years from January 7, 2026. He will receive a monthly basic salary of ₹1,40,623 plus allowances. Shareholders will vote via postal ballot, with e-voting from February 26 to March 27, 2026.
The appointment of a key management personnel is a significant development for the company, impacting its strategic direction and operations.
The appointment of a Whole-time Director with extensive experience is generally viewed positively as it indicates strengthening of the management team.
Modern Threads (India) Limited has announced the appointment of Mr. Prabodh Kumar Nahar as a Whole-time Director, designated as an Executive Director, for a period of three years, effective from January 7, 2026. The company is seeking shareholder approval for this appointment through a postal ballot. Mr. Nahar, who holds an M.Com degree and is a fellow member of the Institute of Chartered Accountants of India, brings approximately 37 years of extensive experience in finance, commercial operations, accounts, taxation, legal, administration, and management.
The proposed remuneration for Mr. Nahar includes a basic salary of ₹1,40,623 per month, with an annual increase of up to 10% from July 1, 2026. Additionally, he will receive perquisites and allowances such as House Rent Allowance of ₹5,500 per month, a bonus allowance of 20% of basic salary, Leave Travel Allowance, company contributions to provident fund (up to 12% of salary), gratuity, and other reimbursements as per company policy. He will not receive sitting fees for attending board or committee meetings.
The postal ballot notice is being sent electronically to shareholders whose names appear on the company's register as of Friday, February 20, 2026. The e-voting period will commence on Thursday, February 26, 2026, at 9:00 a.m. and conclude on Friday, March 27, 2026, at 5:00 p.m. The company has appointed CS Rajendra Kumar Jain as the scrutinizer for the postal ballot process. The results will be declared and uploaded on the company's website and NSDL's website within two working days of the voting conclusion.
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Modern Threads (India) Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Modern Threads (India) Limited. Read the original for the full detail.