Modern Threads (India) Limited
Modern Threads (I) is engaged in the business of manufactures and sells mainly Worsted & Synthetic Yarn and Wool Tops.
What Modern files
- Others43
- Board Meeting9
- Important9
- Updates4
- Results1
Modern Threads will hold its 45th Annual General Meeting to approve financial statements and re-appoint a director. Cost auditor remuneration of Rs. 50,000 plus GST is also up for ratification.
Modern Threads processed 8 physical share transfer requests in December under a special window. Of these, 1 was approved and 7 rejected, with an average processing time of 12 days.
Modern Threads processed one physical share transfer request for re-lodgment in September. The company reported this single request was rejected.
ModernThreads shareholders to consider re-appointing Chairman & MD Rajesh Ranka (Rs. 4.4 Lakh/month salary, plus Rs. 40,000 annual hikes). Approval also sought for director re-appointment, auditor appointments, and charity contributions up to 3 Cr. Company's Revenue & PAT declined significantly due to market headwinds.