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Stock Report
Modi's Navnirman Ltd announces Merger with wholly-owned subsidiary and Migration into main board at BSE and NSE
Posted On : 2025-06-10 18:47:10( TIMEZONE : IST )
Modis Navnirman Limited (the "Company") is pleased to announce that its Board of Directors has approved a significant strategic initiative to migrate from the BSE SME platform to the Main Board of both BSE and NSE and Merger with its wholly-owned subsidiary.
Migration into main board at Bombay stock exchange ("BSE") and National stock exchange ("NSE").
The migration marks a significant milestone in the company's growth journey and reflects its consistent financial performance, strong corporate governance, and commitment to long-term value creation for shareholders.
The move to the Main Board will offer the company access to a wider investor base, increased market participation, and greater brand recognition.
Merger with wholly-owned subsidiary
The merger with Shree Modis Navnirman Private Limited (Wholly-owned Subsidiary) is a strategic move designed to enhance operational efficiency and strengthen our competitive edge. We are confident that these initiatives will create long-term value for our shareholders and stakeholders.
Mr. Dinesh Modi, Chairman and MD, Modi's Navnirman Limited. "We are excited to take this important step in our journey as a public company.
The migration to the Main Board of BSE and NSE signifies our commitment to transparency and governance. This transition to the Main Board is a testament to the confidence our investors and stakeholders have placed in us. It opens new avenues for growth, improves our visibility in capital markets, and enhances liquidity for our valued shareholders.
The merger is a strategic step towards creating a more efficient and unified organization. We believe this consolidation will strengthen our core ogerations, optimize resource utilization, and position us better for future growth."
Shares of Modis Navnirman Limited was last trading in BSE at Rs. 248.60 as compared to the previous close of Rs. 255.70. The total number of shares traded during the day was 1200 in over 3 trades.
The stock hit an intraday high of Rs. 255.00 and intraday low of 248.60. The net turnover during the day was Rs. 303040.00.
