Modi Rubber Limited
Incorporated in 1971, Modi Rubber Ltd manufactures automobile tyres, tubes & flaps, resin coated sand and operates salons
What Modi files
- Board Meeting15
- Others13
- Important9
- Updates4
- Results3
Modi Rubber shareholders have approved the appointment of Mr. Ajay Kumar Jain as an Independent Director. The resolution received 99.9998% of votes from 20.44 Cr equity shares participating in the ballot.
Modi Rubber's Q1 consolidated total income increased to ₹13.40 Cr, though net profit declined to ₹4.25 Cr (EPS ₹1.70). Standalone income improved to ₹5.04 Cr, reducing net loss to ₹(2.89) Cr (EPS ₹(1.15)).
Modi Rubber's board approved the financial results for the quarter. A key development is the proposed re-appointment of O.P. Modi as Managing Director for a five-year term, subject to shareholder approval, signaling leadership continuity.
Modi Rubber seeks shareholder approval via e-voting for Mr. Ajay Kumar Jain's appointment as an Independent Director for five years. Mr. Jain, a seasoned legal professional, brings extensive corporate governance and regulatory expertise to the board.
Modi Rubber reported consolidated net profit of Rs. 0.64 Cr for the year, down from Rs. 20.46 Cr previously, on total income of Rs. 48.81 Cr. Quarterly consolidated net loss was Rs. 13.88 Cr on Rs. 9.91 Cr total income.