Modi Rubber Limited Board Approves Financial Results and Appoints Independent Director
Modi Rubber Limited conducted a Board of Directors meeting on May 29, 2026. During the meeting, the Board approved the audited financial results for the fiscal year ended March 31, 2026, and made several key decisions regarding governance, investment, and subsidiary reviews.The central focus of the board proceedings included the approval of the company's audited financial results. Specifically, the Board approved the audited Standalone and Consolidated Financial Results of the Company for the year ended March 31, 2026, along with the associated Audit report.
The Board also reviewed the audited financial statements and particulars for several subsidiary and joint venture companies for the year ended March 31, 2026. These reviewed entities include:
- Spin Investment (India) Limited
- Superior Investment (India) Limited
- Asahi Modi Materials Private Limited
- Gujarat Guardian Limited
- Modi Marco Aldany Private Limited
- Iq Modi Power Pvt Ltd
- Vinura Beverages Pvt Ltd
- Uniglobe Mod Travels Pvt Ltd
Furthermore, the Board reviewed the Statement of Investment and Related Party Transactions executed by the company between January 1, 2026, and March 31, 2026.
In the area of governance, the Board approved the appointment of Mr. Ajay Kumar Jain (DIN00097213) as an independent director for a period of five years.
The meeting of the Board of Directors commenced at 12:00 PM and concluded at 02:20 PM on May 29, 2026.
MODIRUBBER Stock Price Movement
Shares of Modi Rubber Limited are edging higher to ₹132.3 as of 2:54 PM today, rallying by 2.69% in live trading. The stock currently shows robust investor interest, with 5,439 shares having traded in the live market.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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