Modipon News

Modipon Board Meet Set for Feb 14 to Review Q3 Results

Modipon Limited has scheduled a board meeting for February 14, 2026, to consider and approve unaudited financial results for the quarter ended December 31, 2025, with trading window closed until February 16.

Modipon Limited Reports Quarterly Loss Amid Ongoing Legal Battles with Banks

Modipon Limited reported unaudited financial results for the quarter and half year ended September 30, 2025, showing continued losses while facing multiple legal proceedings with Punjab National Bank over loan settlements. The company, which discontinued manufacturing operations in 2007, remains embroiled in disputes over one-time settlement terms, commercial tax liabilities, and central excise duties totaling several crores.

Modipon Limited Seeks Central Government Approval for Re-appointment of Chairman & Managing Director

Modipon Limited published a newspaper notice regarding its intention to seek Central Government approval for the re-appointment of Mr. Manish Modi as Chairman & Managing Director for a five-year term starting May 31, 2025. Mr. Modi is identified as a Non-Resident Indian with DIN: 00030036. The company informed BSE Limited about the newspaper publication in Financial Express and Jansatta dated August 27, 2025. The notice was signed by Company Secretary & Compliance Officer Vineet Kumar Thareja.

Modipon Limited Reports Net Loss of Rs 9.04 Lakhs in Q1 FY26

Modipon Limited reported a net loss of Rs 9.04 lakhs for the quarter ended June 30, 2025, compared to a loss of Rs 22.49 lakhs in the same quarter last year. Revenue from operations stood at Rs 4.76 lakhs versus Rs 4.82 lakhs in the previous year quarter. The company's total expenses were Rs 9.04 lakhs, resulting in negative earnings per share of Rs 0.50. The company discontinued its manufacturing operations in May 2007 and disposed of all movable assets during 2009-10. Modipon faces ongoing legal proceedings with Punjab National Bank regarding one-time settlement disputes, with the next hearing scheduled for August 20, 2025. The company also has pending matters related to central excise duties of Rs 44.93 lakhs for the period 1994-1997.

Modipon Limited Board Approves Re-appointment of Nitesh Kumar as Independent Director

Modipon Limited's Board of Directors approved the re-appointment of Mr. Nitesh Kumar as Non-Executive Independent Director for a five-year term starting March 02, 2026. The appointment is based on the Nomination & Remuneration Committee's recommendation and requires shareholder approval at the upcoming Annual General Meeting. Kumar is a Chartered Accountant with 18 years of experience in Corporate Compliance, Taxation and Financial Management, having worked with companies like Omaxe TDI and Pacific Group. He operates his own advisory firm specializing in GST litigation matters since 2017 and is qualified as a Forensic Auditor. Kumar is not related to any director or key managerial personnel of the company and is not debarred from holding directorship by any regulatory authority.