Modern Insulators Ltd disclosed the outcome of its Board Meeting held on 26th June, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board of Directors meeting commenced at 4:00 PM and concluded at 4:30 PM on 26th June, 2026. During this meeting, the Board considered and approved an investment of ₹25 Crores in Buoyant Large Value Fund (LVF).
Investment Details:
- Target Entity: Buoyant Large Value Fund (LVF)
- Investment Amount: ₹25 Crores (cash consideration)
- Industry Classification: Alternative Investment Fund - Listed Equity
- Expected Holding: Approximately 3% of Buoyant Large Value Fund (LVF)
- Lock-in Period: 4 years from the date of investment
- Purchase Price: To be derived at the time of purchase of units
Transaction Characteristics:
- Related Party Transaction: No
- Promoter/Promoter Group Interest: No
- Government/Regulatory Approvals Required: Not Applicable
Investment Rationale:
The investment is made for efficient long-term deployment of surplus funds available with the company. The objectives include generating appropriate risk-adjusted returns and diversifying the company's investment portfolio. The fund invests in large cap, mid cap, and small cap stocks based on fund managers' conviction and has shown good returns in the past.