Modi Rubber Appoints Ajay Kumar Jain as Additional Non-Executive Independent Director
Modi Rubber Limited appointed Mr. Ajay Kumar Jain as an Additional Non-Executive Independent Director, effective May 29, 2026. His appointment is for five years, pending shareholder approval. Mr. Jain is an advocate with extensive experience in corporate law and related fields.
The appointment of an independent director is a standard corporate governance procedure and is unlikely to have a significant immediate impact on the company's operations or financial performance.
The appointment of a new director is a routine corporate governance event and does not inherently carry positive or negative financial implications for the company.
Modi Rubber Limited has announced the appointment of Mr. Ajay Kumar Jain as an Additional Director in the category of Non-Executive Independent Director. This appointment was approved by the Board of Directors upon the recommendation of the Nomination and Remuneration Committee and is effective from May 29, 2026.
Mr. Jain's appointment is in accordance with the Companies Act, 2013, and the Listing Regulations. He has confirmed that he is not debarred from holding a director's office by any regulatory authority. His appointment is for a period of five years, subject to shareholder approval at the next General Meeting of the Company or within three months from the date of his appointment, whichever is earlier. He shall not be liable to retire by rotation.
Mr. Jain is an advocate with extensive experience in Constitutional Law, Contracts, Taxation, Property & Commercial Law, Recovery Law, and Economic Offences. He specializes in corporate affairs, corporate restructuring, insolvency, and recovery matters. He has practiced before the Supreme Court of India, various High Courts, DRT, DRAT, NCLT, and NCLAT. Previously, he served as Legal Advisor to the Tuberculosis Association of India and was a member of the Ethics Committee of the Medical Council of India. He is also currently an Independent Director at Dudigital Global and a Director at The Delhi Golf Club.
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Modi Rubber 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 low impact, the band that almost never moves a portfolio on its own.
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