+
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
ECONOMY & POLICY

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

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.

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.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?