Modipon Ltd

AGM Details

• Date/time/mode: 29 Sep 2026, 3:00–3:35 PM IST, VC/OAVM.
• Attendance: 96 members; quorum confirmed.
• Annual report available on company website.
• Scrutinizer appointed for e-voting.

Resolutions

• Adopt audited financial statements for year ended March 31, 2026.
• Outcome: To be declared by Scrutinizer.
• Appointment of Statutory Auditors M/s Vasu Bansal & Co. till 64th AGM.
• Approval of material related party transaction with Status Mark Finvest Limited.
• Approval of material related party transaction with Ashoka Mercantile Limited.

Modipon Limited: Trading window closed from October 01, 2026 till 48 hours after declaration of unaudited financial results for the quarter and half year ended September 30, 2026

AGM details

• 59th AGM to be held Sept 29, 2026 at 3:00 PM IST via VC/OAVM.
• Notice and Annual Report FY2025-26 available at the company website.
• E-voting window from Sept 26, 2026 9:00 AM to Sept 28, 2026 5:00 PM IST.
• Cut-off date to determine entitlement for e-voting: Sept 22, 2026.

Shareholder data updates

• SEBI circular mandates updating PAN, e-mail, mobile, signature, and bank details for physical shareholders.
• Physical updates to MAS Services Limited using ISR-1/ISR-2; forms downloadable from company site.

Financial performance

• FY2025-26 revenue from operations: nil.
• Total expenses for FY25-26: 51.05 Lakhs.
• Net loss after tax: (51.05) Lakhs; prior year: (66.16).
• Depreciation: Nil; tax expense: nil.
• YoY loss narrowed from (66.16) to (51.05) Lakhs.

Operations & outlook

• Fibre-unit manufacturing operations permanently closed since 2007.
• Pending land matters with UP government.
• No revenue; exploring rehabilitation and Modinagar industrial project.

Capital structure & liquidity

• Equity capital: 11,576,689 shares; paid-up ₹1,157.67 Lakhs.
• Total issued capital: ₹1,229.46 Lakhs including 71,792 preference shares.
• Net debt: ₹4,709.20 Lakhs; gearing: -104.27%.
• Dividend for FY2025-26: none declared.
• Total borrowings: ₹4,585.03 Lakhs.

Governance & board

• Board comprised six directors as of 31 Mar 2026.
• Mayur Maheshwari's tenure vacated due to 12-month absence.
• Independent Directors: Kavita Rani, Nitesh Kumar, Shashi Kant Ranjan.
• Secretarial auditor: Ranjeet Kumar Verma; term to 2029-30.
• Whistleblower policy in place; independent director familiarisation program.

Related party transactions

• Material RPTs with Ashoka Mercantile Limited and Status Mark Finvest Limited up to ₹1 crore.
• Unsecured loans; repayment contingent on OTS with PNB.
• OTS-related terms; outstanding consolidated turnover nil.

Audit, risk & going concern

• Auditors BM Chatrath & Co LLP; qualified opinion due to balance confirmations.
• Material going-concern uncertainty noted; management states rehabilitation plans.
• Key audit matters include uncertain tax positions.

Contingent liabilities & litigation

• Contingent liabilities include GSFC dues and tax-related matters.
• Litigation with PNB and other authorities; DRAT and Allahabad High Court proceedings.
• Several tax and excise disputes pending before courts.

AGM & shareholder information

• 59th AGM on Sep 29, 2026 via VC/OAVM.
• Record date: Sep 22, 2026; remote e-voting: Sep 26-28, 2026.
• Book closure: Sep 23-29, 2026.
• Annual report and AGM notice available on company site.

Subject

• Board approves publication of unaudited Q1 2026-27 results for quarter ended June 30, 2026.

Publication details

• Newspaper advertisement published in Financial Express and Jansatta; board approval on Aug 14, 2026.

Regulatory compliance

• Publication under Regulation 47 of SEBI LODR Regulations, 2015.

Governance

• No changes to governance; signed by Vineet Kumar Thareja (CCO, CFO & Company Secretary).

Financial results

• Unaudited standalone Q1 FY2026 results approved; quarter ended 30 June 2026; limited review attached.
• Statement prepared under IND AS 34; reviewed by Audit Committee and statutory auditors.

Major business action

• Manufacturing operations permanently discontinued since May 19, 2007; assets disposed 2009–10.

Regulatory and litigation matters

• Ongoing PNB OTS revival; DRAT/NCLT proceedings; outstanding Rs 183.90 lakh beyond OTS; litigation ongoing.
• Central excise dues: Rs 44.93L principal, Rs 6.56L interest, Rs 6.56L penalty; no provision.
• Balance confirmations not obtained; adjustments may be required.
• Audit review: unaudited results have been reviewed; not an audit; no material misstatements.

Meeting Details

• Board meeting scheduled for 14 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited quarterly results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed for designated persons from July 1, 2026 to August 16, 2026 (inclusive).

Investor grievances for quarter ended 30 June 2026

• No investor complaints pending at start of quarter (01 Apr 2026).
• No investor complaints received during quarter ended 30 Jun 2026.
• No investor complaints disposed of during quarter ended 30 Jun 2026.
• No investor complaints remaining unresolved at end of quarter (30 Jun 2026).
• Enclosure: RTA letter dated 02 July 2026.