Modern Insulators Ltd. — Capital/Financing Update 2025

Jan 10, 2025

Registered Office & Works : Talheti, Village : Karoli, Tehsil: Abu Road, Dist : Sirohi - 307510 ( Rajasthan ) India Phone : 02974 – 228044, 228045, 228046, 228047 www.moderninsulators.com CIN- L31300RJ1982PLC002460

Email : milabu@moderninsulators.com

Date: J anuary 10th, 2025

To,

BSE Limited

Phiroze Jeejebhoy Towers

Dalal Street, Mumbai - 400001

Scrip Code: 515008

Dear Sir,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015

Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), and other applicable provisions, this is to inform you that the Board of Directors of the Company in its meeting held today, i,e, January 10[th] , 2025 has approved to advance loan to M/s Modern Denim Limited ("MDL") in connection with the proposed amalgamation of MDL into the Company.

The disclosures required under Regulation 30 of the SEBI Listing Regulations read with the Disclosure Circular dated July 13, 2023, are enclosed herewith as Annexure-A.

You are requested to take the above information on your record.

Thanking You,

For Modern Insulators Limited

PRADEEP Digitally signed by PRADEEP KUMAR KUMAR GOKHROO Date: 2025.01.10 21:56:12 GOKHROO +05'30'

P.K. Gokhroo Director DIN: 06810797

Annexure – A

Agreements (viz. loan agreement(s) or any other agreement(s) which are binding and not in the normal course of business, revision(s) or amendment(s) and termination(s) thereof:

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Sl.No Particulars Transactions
1 1)Details of Lender and Borrower 1) Lender: Modern Insulators Limited (“MIL”)
2)Relationship with the Company Borrower: Modern Denim Limited (“MDL”)
2) MDL is the Promoter Group Company with
Common Directors
2) Purpose of entering into The grant of loan to MDL is in connection with
agreement/ transaction proposed amalgamation of MDL into MIL.
3) Size of the agreement/ transaction Rs. 5,00,00,000 (Fife Crores only)
This transaction will be effected in one or more
tranches.
4) Shareholding, if any, in the Company with NIL
whom the agreement is executed
5) Significant terms of the agreement/transaction Nature of the Loan: Unsecured Loan
(in brief)
Interest Loan: There will be no interest charged for
the loan advance by MIL to MDL as the same is
advanced in the purview of the proposed
amalgamation.
Other terms:
There is no such other term.
Tenure:
There is no such term decided or agreed between
the parties.
6) Extent and nature of impact on management or None
control of the listed entity
7) Details and quantification of the restriction or N.A.
liability imposed upon the listed entity
8) Whether the said parties are related to Yes, MDL is the promoter Group Company with the
Promoter/Promoter Group/Group Companies common directors
of the Company?
Nature of Relationship
9) Whether the transaction would fall within the The transaction is related party transaction, MDL
related party transactions? If yes, whether the being the promoter group company
same is done at “arm’s length”
10) In case of issuance of shares to the parties, N/A
details of the issue price, class of share issued,
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11)	In case of loan agreements, details of lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders/by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis;	N.A.
12)	any other disclosure related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.;	N.A.
13)	In case of rescission, amendment or, N.A. alteration, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details and reason for amendment or alteration and impact thereof (including impact on management or control and on the restriction or Liability quantified earlier) v. reason for rescission and impact thereof (including impact on the management or control and on the restriction or liability quantified earlier)	N.A.