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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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 Transport

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

Next Story
Infrastructure Energy

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Next Story
Infrastructure Transport

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?