Modi Rubber Limited's 53rd AGM: All Resolutions Passed with Overwhelming Majority
Modi Rubber Limited's 53rd AGM on September 30, 2026, saw all resolutions passed with overwhelming majority. Key approvals include financial statements, re-appointment of directors Vinay Kumar Modi and Alok Modi (as MD for five years), and MOA amendment. Voting was robust, with nearly all votes favoring resolutions.
The passing of resolutions related to financial statements, director re-appointments, and amendments to the Memorandum of Association are important for the company's governance and operational framework, but do not represent a significant immediate financial event.
All resolutions were passed with a significant majority, indicating strong shareholder confidence and support for the company's decisions and management.
Modi Rubber Limited held its 53rd Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 11:30 AM through video conferencing (VC) / other audio-visual means (OAVM). The meeting concluded with the overwhelming approval of all proposed resolutions by the shareholders.
The resolutions included the adoption of the audited financial statements for the financial year ended March 31, 2026, along with the Board and auditor's reports. Shareholders also re-appointed Mr. Vinay Kumar Modi and Mr. Alok Modi as Directors. Mr. Alok Modi was re-appointed as Managing Director for a term of five years. Additionally, an amendment to the Object Clause of the Memorandum of Association was considered and approved.
Voting was conducted through remote e-voting and e-voting during the AGM. A total of 82 members cast their votes, representing 20,424,450 shares. Of these, 78 members with 20,424,411 votes utilized remote e-voting, while 4 members with 39 votes participated through e-voting at the AGM. All resolutions received more than 99.99% of the votes in favour, with minimal votes against and no invalid or abstained votes recorded for any resolution.
The Scrutinizer's Report, prepared by Rashmi Saxena & Associates, confirmed the fair and transparent conduct of the voting process. All electronic data and relevant voting records will be maintained by the Scrutinizer until the minutes of the AGM are approved and signed by the Chairman.
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Modi Rubber Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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 Modi Rubber Limited. Read the original for the full detail.