Modi Rubber Ltd

Financial snapshot

• Standalone total income ₹504.18 Lacs; PAT ₹-288.72; EPS ₹-1.15.
• Consolidated total income ₹1,340.08 Lacs; PAT ₹424.68; EPS ₹1.70.
• Standalone total income up 15.5% YoY to ₹504.18 Lacs.
• Consolidated total income up 16.0% YoY to ₹1,340.08 Lacs.

Segment details (Standalone)

• Standalone segment revenue ₹781.44 Lacs; Travel ₹672.91; Real estate ₹122.03; Inter-segment revenue ₹-13.50.
• Travel segment profit ₹136.20; Real estate loss ₹264.92; Others ₹62.63.

Consolidated highlights

• Consolidated PAT ₹424.68 Lacs; Total comprehensive income ₹431.10 Lacs.
• Consolidated EPS ₹1.70.

Board approvals and governance actions

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026, with limited review.
• Board approved statement of investments and related party transactions Apr 1 to Jun 30, 2026.
• Board reviewed financial statements of WOS/JVC and associates for quarter ended 30 June 2026.
• Approved notice and matters relating to calling the 53rd AGM.
• Alteration of MOA Objects Clause to insert new clause.
• MD appointed for five-year term from Oct 1, 2026, subject to shareholders and statutory approvals.

Meeting Details

• 314th Board Meeting on 14 August 2026 at 3:00 PM, Corporate Office, New Delhi.

Key Agenda Items

• Un-Audited standalone and consolidated financial statements for the period ended June 30, 2026.
• Fix date, time, and venue for the 53rd Annual General Meeting.
• Consider and approve Directors' Report, Corporate Governance Report, Management Discussion Analysis Report, and Secretarial Audit Report for 2025-26.
• Review financial statements of Wholly Owned Subsidiaries and Associate Companies for period ended June 30, 2026.
• Alteration of the Objects Clause of the Memorandum of Association.

Other Notes

• Statutory Auditor: Abhishek Nahta, PNAM & Co, LLP; Internal Auditor: J.S. Jassal, JRA & Associates.

Independent Director Appointment

• Resolution: Special resolution to appoint Ajay Kumar Jain as Independent Director.
• Term: five years to 28 May 2031; not liable to retire.
• Independence: meets Section 149(6) independence criteria and LODR.
• Appointment date: effective 29 May 2026; Additional Director.
• Nomination/Board support: NRC and Board recommended appointment.
• Background: legal professional with four decades of governance experience.
• Other listed directorships: Dudigital Global Limited.
• Shareholding: NIL shares.
• Remuneration: sitting fees and reimbursement of expenses.
• E-voting window: 29 July 2026 to 27 August 2026.
• Outcome: not disclosed in this Notice.

Profile

• Ajay Kumar Jain is an advocate with practice since September 1983.
• He specializes in corporate affairs, restructuring, insolvency, recovery, taxation, and commercial law.
• He appears before the Supreme Court, High Courts, DRT, DRAT, NCLT, and NCLAT.
• He has served as legal advisor, ethics committee member, and independent director previously.
• He is presently an independent director at Dudigital Global and director at The Delhi Golf Club.

Business mix

• 📍 Standalone revenue came mainly from other operating revenue and other income.
• 📍 Consolidated segments were real estate services, travel services, and others.
• 📍 Consolidated results include share of profits from joint ventures and associates.

Financial results

• Approved audited standalone and consolidated financial results for year ended 31 March 2026.
• Approved the audit report on those annual results.

Subsidiary and JV review

• Reviewed audited financial statements for eight subsidiary and joint venture entities for year ended 31 March 2026.

Related party and investments

• Took note of investment and related party transactions for 1 January 2026 to 31 March 2026.

Board appointment

• Approved appointment of Mr Ajay Kumar Jain (DIN 00097213) as independent director for five years.