Modipon Ltd. — Board/Management Information 2021

Mar 3, 2021

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Modipon Limited

Hapur Road, Modinagar, Ghaziabad -201 204 (UP) Phone (01232) 243471

To, The BSE Ltd. Corporate Relation Department, New Trading Ring, Rotunda Building, P.J. Tower, Dalal Street, Fort, Mumbai-400001

March 03, 2021

Ref: INE 170C01019 Scrip Code: 503776

Sub: Intimation under Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Appointment of Mr. Nitesh Kumar as an Independent Director

Dear Sirs,

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors have passed a circular resolution today, i.e. on March 03, 2021, approving appointment of Mr. Nitesh Kumar (DIN: 06439789) as an “Non-Executive Independent Director” on the Board of Directors of the Company with effect from March 02, 2021 for a term of 5 (five) years subject to approval of the Shareholders of the Company.

Mr. Nitesh Kumar will be a Non-Executive, Independent Director and he is not related to the Promoter or Promoter Group and fulfills the criteria of independence as required under the provisions of the Companies Act, 2013 and the Rules framed thereunder and the Listing Regulations.

Further, this is to confirm that Mr. Nitesh Kumar is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India (SEBI) or any other such authority.

Disclosure required pursuant to Regulation 30 of the Listing Regulations read with Para A of Part A of Schedule III to the Listing Regulations read with the SEBI Circular having reference no. CIR/CFD/CMD/4/2015 dated September 9, 2015, with regard to change in Directors and Key Managerial Personnel is given herein under:

S. No.	Particulars	Information
1.	Name	Nitesh Kumar
2.	Reason for change viz. Appointment, resignation, removal, death or otherwise	Appointment as Independent Director in accordance with provision of Section 149 of Companies Act, 2013 and Regulation 17 of SEBI (Listing Obligations And Disclosure Requirements)Regulations,2015
3.	Date of Appointment/Cessation (as applicable) Term of appointment	Appointment -March 02, 2021 For 5years

CIN: L65993UP1965PLC003082 E-mail: modipon@modimangal.in Website: www.modipon.net

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Modipon Limited

Hapur Road, Modinagar, Ghaziabad -201 204 (UP) Phone (01232) 243471

4.	Brief Profile (In case of Appointment)	Nitesh Kumar is a commerce graduate and Fellow Chartered Accountant, He is also an ICAI certified Forensic Auditor (FAFD) and concurrent auditor of Bank (CCAB ). He is also IICA qualified for Independent director . He has previously served as GM (Finance) for Pacific Group till 2015. During a career spanning more than 17 years he has handled a varied assignment and implemented MIS for bird eye view of outcome of various strategic/operational decisions. He has specialization in executing risk mitigation plan, KPI and related variance analysis .
5.	Disclosures of relationships between directors (in case of appointment of a director)	No relationship with the Directors

We request you to take the above information on your record.

Thanking you,

Yours sincerely, For MODIPON LIMITED

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Vineet Kumar Thareja (Company Secretary and Compliance Officer)

CIN: L65993UP1965PLC003082 E-mail: modipon@modimangal.in Website: www.modipon.net