Modi Naturals Limited (MODINATUR) — Board Meeting

1 Board Meeting 🟡 Notable Neutral 📄 PDF

📢 Key Event
Board approved shift of registered office to Okhla Industrial Area.

🔄 What Changed
Registered office address changed from Deepali Building, New Delhi to D-54, 02nd Floor, Okhla Industrial Area, New Delhi.

💡 Investor Takeaway
The relocation does not affect the company's operations or financial performance.

Modi Naturals Limited announced a change in its registered office effective May 13, 2026, moving from Deepali Building in New Delhi to D-54, 02nd Floor, Okhla Industrial Area, New Delhi, as approved by the Board of Directors.

2 Board Meeting 🟡 Notable Neutral 📄 PDF

📢 Key Event
Resignation of Doogar & Associates as statutory auditors accepted; appointment of B. Chhawchharia & Co. as new auditor.

🔄 What Changed
Resignation of Doogar & Associates (FRN: 000561N) effective May 13, 2026; appointment of B. Chhawchharia & Co. (FRN: 305123E) to fill casual vacancy.

🔮 What's Next
Appointment requires shareholder approval at the upcoming General Meeting.

💡 Investor Takeaway
The auditor change may improve audit consistency across the group but requires shareholder ratification.

Modi Naturals announced the resignation of Doogar & Associates as statutory auditors effective May 13, 2026, and appointed B. Chhawchharia & Co. to fill the vacancy. The change follows SEBI LODR compliance and requires shareholder approval at the upcoming AGM. The new auditor brings group alignment benefits across Modi Biotech and Modi Naturals operations.

3 Board Meeting 🟡 Notable Neutral 📄 PDF

📢 Key Event
Board approved audited financial results, auditor change, and registered office shift.

🔄 What Changed
Total income increased by ₹5,634.70 crores year-on-year; new auditor appointed; statutory auditor resigned.

💡 Investor Takeaway
The company delivered stronger revenue growth and replaced its auditor, signaling governance updates but no immediate financial reward to shareholders.

Modi Naturals Limited announced the outcome of its 13 May 2026 board meeting, approving audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, confirming an unmodified auditor's opinion. The meeting accepted the resignation of Doogar & Associates as statutory auditor and appointed B. CHHAWCHARIA & CO. as the new auditor, effective the same date. A proposal to shift the registered office address from New Delhi to Okhla Industrial Area was also approved. Financial highlights showed total income rising to ₹72,046.72 crores from ₹66,412.02 crores year-on-year, with total expenses at ₹66,148.91 crores. The company disclosed segment-wise performance across Branded, Bulk, and Ethanol divisions, reflecting operational diversification. No dividend was declared, and no forward guidance was provided. The auditor change may raise short-term concerns about continuity but was framed as part of routine governance.