Modi Naturals Limited holds 52nd Annual General Meeting via Video Conferencing
Modi Naturals Limited conducted its 52nd Annual General Meeting (AGM) on Friday, July 31, 2026, utilizing a Video Conferencing (VC)/Other Audio-Visual Means (OAVM) facility. The meeting commenced at 2:30 PM IST and concluded at 3:13 PM IST, including time allocated for e-voting.The AGM was conducted under the chairmanship of Shri Akshay Modi, who assumed the role after members present granted permission, following the inability of Shri Anil Modi to attend due to ill health. The Company Secretary managed the proceedings.
During the meeting, One Hundred Twenty Members joined virtually. Key attendees included Mr. Ankit Garg, Chairman of the Audit Committee and Authorized Representative of the Nomination and Remuneration Committee; Mrs. Aditi Modi, Whole Time Director; and Mr. Udit Jain, Directors of the company. The Company Secretary also noted the absence of Mrs. Ankita Singal, Director, and Mr. Pradeep Kapoor, CFO. M/s Doogar & Associates were present as Statutory Auditors, while M/s A.K. Verma & Co. was present as the Secretarial Auditor.
The reports from both the Statutory Auditors and the Secretarial Auditor were taken as read by the members, as they contained no qualifications or adverse remarks.
Prior to the AGM, a remote e-voting period was held for eligible members, running from July 28, 2026, at 10:00 AM IST until July 30, 2026, at 5:00 PM IST. The Chairman addressed all queries raised by shareholders through the VC platform, answering them in detail.
The following items of business were then put for approval via e-voting:
| Sl. No | Item Category | Details of Business | Type of Resolution |
|---|---|---|---|
| 1 | Ordinary Business | Adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026, and the Directors' and Auditors' Report thereon, along with the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, and the Auditors' report thereon. | Ordinary |
| 2 | Ordinary Business | Appointment of Mrs. Aditi Modi (DIN: 01786037), who is retiring by rotation, as a Director. | Ordinary |
| 3 | Special Business | Regularization of Appointment of M/s B. Chhawcharia & Co., Chartered Accountants, to fill a casual vacancy as Statutory Auditor. | Ordinary |
| 4 | Special Business | Appointment of M/s B. Chhawcharia & Co., Chartered Accountants, as Statutory Auditors for a period of five years. | Ordinary |
| 5 | Special Business | Appointment of M/s A.K. Verma & Co., Practicing Company Secretaries, as Secretarial Auditors for the term of five consecutive years. | Ordinary |
| 6 | Ordinary Business | Ratification of remuneration payable to Cost Auditors for FY 2026-27. | Ordinary |
Following the conclusion of the meeting, the members were informed that results of both remote e-voting and AGM e-voting would be announced within two working days and submitted to the Stock Exchange, BSE Limited. The Chairman concluded by noting that the e-voting facility remained open for 15 minutes after the meeting closure.
MODINATUR Stock Price Movement
Today, Modi Naturals Limited shares edged higher by 0.49% to settle at ₹399.40 after trading closed today. The equity saw modest activity during the session, recording a total traded volume of 1,036 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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