Modi Rubber Ltd

Modi Rubber Ltd

Modi Rubber Ltd has filed an intimation under Regulation 30 of SEBI(LODR), 2015, disclosing a significant development related to a USA-based company, which has a potential impact on the company's business and financials. The disclosure mentions a possible acquisition or investment by the USA-based company, but the details are not clear. The company has assured that the development is not material to its operations and financials, but the disclosure has raised concerns among investors.

Modi Rubber Ltd

Modi Rubber Ltd has announced a postal ballot notice for the appointment of Mr. Ajay Kumar Jain as an Independent Director. The resolution will be passed through e-voting, and the result will be announced within 48 hours of the conclusion of the e-voting process.