Modi Rubber Limited Board Approves Q2 Financial Results and Confirms Director Appointment
Modi Rubber Limited held a meeting of its Board of Directors on August 14, 2026, at its corporate office in New Delhi. The board reviewed and approved several key items pertaining to the company's performance and operational structure for the second quarter and the preceding financial year.The meeting commenced at 3:00 PM and concluded at 4:05 PM. During the session, the Board considered and sanctioned crucial decisions, including the unaudited financial results for the period ending June 30, 2026.
Key outcomes approved by the Board of Directors include:
- Financial Performance: Approval was granted for the unaudited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026, alongside a limited review report.
- Transactions Review: The Board reviewed the Statement of Investment and Related Party Transactions made by the Company between April 1, 2026, and June 30, 2026.
- Subsidiary Review: Financial statements for the quarter ended June 30, 2026, pertaining to WOS/JVC and Associates Companies were reviewed.
- Governance and AGM: The notice and associated matters required for convening the 53rd Annual General Meeting of the company were approved.
- Corporate Structure Changes: An alteration to the Objects Clause of the Memorandum of Association was approved through the insertion of a new clause.
- Annual Reports: Approval was given for the Director Report and Corporate Governance Report for the financial year ending March 31, 2026.
A significant executive decision made during the meeting involved the appointment of Mrs. M.O. as Managing Director. The Board approved the appointment for a period of five years, commencing from October 01, 2026, subject to shareholder and other statutory approvals.
MODIRUBBER Stock Price Movement
Shares of Modi Rubber Limited shed 1.14% in trading, settling at ₹119.33 after closing today. The stock closed within an intraday range marked by a low of ₹118 and a high of ₹120.5, with total traded volume recorded at 820 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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