Modi Rubber Limited: Ajay Kumar Jain Appointed as Independent Director
Modi Rubber Limited announced the appointment of Mr. Ajay Kumar Jain as Independent Director. The special resolution was passed via postal ballot with 99.9998% votes in favor. The voting concluded on August 27, 2026.
The appointment of an independent director is a significant corporate governance event that can influence decision-making and oversight, thus having a medium impact.
The appointment of an independent director with a high percentage of favorable votes indicates a positive development for corporate governance.
Modi Rubber Limited has successfully concluded its postal ballot process for the appointment of Mr. Ajay Kumar Jain (DIN -00097213) as an Independent Director. The scrutinizer's report, prepared by Avinash Kumar of A VINASH K & CO., confirms the special resolution was passed with an overwhelming majority.
The postal ballot notice and remote e-voting instructions were dispatched to all eligible members as of July 24, 2026. The remote e-voting period commenced on July 29, 2026, and concluded on August 27, 2026. The company also published advertisements regarding the postal ballot notice in "Pioneer" (English and Hindi) on August 6, 2026.
Out of the total valid votes cast, 2,04,36,300 votes were in assent, representing 99.9998%, while only 35 votes were in dissent, accounting for 0.0002%. The company's fully paid-up share capital as of the cut-off date was ₹25,04,05,320, divided into 2,50,40,532 equity shares of ₹10 each.
Based on these results, the special resolution for Mr. Ajay Kumar Jain's appointment is deemed to have been passed on August 27, 2026. The scrutinizer's report, dated August 31, 2026, was countersigned by Sanjeev Kumar Bajpai, Head-Legal & Company Secretary of Modi Rubber Limited.
A plain-language summary of a public exchange filing by Modi Rubber Limited. Read the original for the full detail.