Date: September 30, 2026
KMP / Board / Auditor Changes
- Mr. Vinay Kumar Modi (DIN: 00274605) was re-appointed as Director after retiring by rotation
- Mr. Alok Modi (DIN: 00174374) was re-appointed as Managing Director for a term of five years commencing from October 1, 2026 without remuneration, subject to Central Government approval
Board Meeting Outcomes
The 53rd Annual General Meeting approved the following resolutions:
1. Adoption of audited financial statements (including consolidated financial statements) for financial year ended March 31, 2026 and reports of Board of Directors and auditors (Ordinary Resolution)
2. Re-appointment of Mr. Vinay Kumar Modi as Director (Ordinary Resolution)
3. Re-appointment of Mr. Alok Modi as Managing Director for five years from October 1, 2026 without remuneration (Special Resolution)
4. Amendment to Object Clause of Memorandum of Association to add health, beauty and wellness services business (Special Resolution)
Financial Results
Not Specified
Other Operational / Legal / Strategic Disclosures
Business Diversification Approval
The company received shareholder approval to amend its Memorandum of Association to include:
- Health, beauty and wellness services including beauty parlours, salons, barber shops, hair styling and hair care centres
- Yoga and massage centres, swimming pools, health clubs and gymnasiums
- Beauty, hair, skin, nail and body care treatments, facials, massages
- Manufacturing, processing, formulation, development, marketing, distribution, import, export of cosmetics, perfumery, beauty and personal care products
- Establishment and operation through owned, managed, franchised or other arrangements
- Classes, seminars, demonstrations, education and training programmes relating to beauty, health, wellness and personal care
Meeting Details
- Date: Wednesday, September 30, 2026 at 11:30 AM IST
- Mode: Video Conference/Other Audio Visual Means
- Compliance: Conducted in accordance with MCA Circular No.09/2023 dated September 25, 2023 and General Circular No.09/2024 dated September 19, 2024, and SEBI Circular Nos. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167 dated October 07, 2023 and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024
- Remote e-voting period: September 27, 2026 to September 29, 2026
Attendance
Directors Present:
- Mr. Vinay Kumar Modi (Singapore)
- Mr. Alok Modi (Corporate office New Delhi)
- Ms. Piya Modi (New Delhi)
- Mr. Ajay Kumar Jain (Dehradun)
- Mr. S.K. Bajpai (Corporate office New Delhi)
Other Attendees:
- Mr. Kamal Gupta, CFO (Corporate office New Delhi)
- Ms. Rashmi Saxena (New Delhi) - Scrutinizer
- Mr. JS Jassal, Internal Auditor (New Delhi)
- Mr. Nimesh, Statutory Auditor (New Delhi)
Results Declaration
- Ms. Rashmi Saxena appointed as Scrutinizer for e-voting process
- Results to be declared on or before Thursday, October 1, 2026