Modi's Navnirman Ltd announces migration to Main Board of BSE and NSE with 100% Shareholder Voting in Favour

Modi's Navnirman Limited (the "Company") is pleased to announce that the shareholders have approved the Company's proposal to migrate its listed equity shares from the BSE SME Platform to the Main Board of both Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE).

The postal ballot and e-voting conducted for the purpose of obtaining shareholder consent concluded successfully:

Total shareholder participation: 78.78%
Votes in favour of migration: 100%

This approval marks a major milestone in the Company's journey and reflects the continued confidence and support of its investors.

Migration to the Main Board is a strategic move aimed at improving market visibility, enhancing liquidity, and attracting wider investor participation. It also reinforces the Company's commitment to long-term value creation, corporate governance, and sustainable growth.

Mr. Dinesh Modi, Chairman and Managing Director, Modi's Navnirman Limited, stated: "This is a proud and defining moment for our Company. The 100% shareholder approval demonstrates the unwavering support and trust placed in our vision and performance. Migration to the Main Board of BSE and NSE is not just a regulatory step - it opens new opportunities for capital access, better market reach, and increased transparency. We remain committed to delivering greater value to all our stakeholders. The Company will now initiate the formal application process with BSE and NSE for migration to their Main Boards."

Shares of Modis Navnirman Limited was last trading in BSE at Rs. 276.80 as compared to the previous close of Rs. 274.95. The total number of shares traded during the day was 800 in over 1 trades.

The stock hit an intraday high of Rs. 276.80 and intraday low of 276.80. The net turnover during the day was Rs. 221440.00.

Source : Equity Bulls

Keywords

ModisNavnirman INE0L0L01012 Residential CommercialProjects Migration SMEPlatform MainBoard BSE NSe