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Modis Navnirman to Migrate to Main Board, Merge Subsidiary

2025-06-13

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.

The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, enhance liquidity, and strengthen its brand presence.

In parallel, the approved merger with its subsidiary is aimed at streamlining operations, improving cost efficiency, and consolidating resources to sharpen the company’s competitive edge in the market.

Commenting on the development, Mr Dinesh Modi, Chairman and Managing Director, stated:

“We are excited to take this important step in our journey as a public company. The transition to the main board of BSE and NSE reflects our commitment to transparency and strong governance. It opens new avenues for growth, while enhancing visibility and liquidity for our valued shareholders.

The merger is a strategic step towards building a more efficient and unified organisation. We believe this consolidation will strengthen our core operations, optimise resource utilisation, and better position us for future growth.”

The twin initiatives are expected to accelerate Modis Navnirman’s long-term ambitions, reinforcing its standing in the capital markets and improving its operational foundation.