Modipon Ltd. — Board/Management Information 2025

May 30, 2025

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Modipon Limited

Hapur Road, Modinagar, Ghaziabad - 201 204 (UP)

Phone (+91) 9582388706

May 30, 2025

To, The BSE Limited

Corporate Relation Department, New Trading Ring, Rotunda Building, P.J. Tower, Dalal Street, Fort, Mumbai – 400001

Ref: INE 170C01019 Scrip Code: 503776

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) (“Listing Regulations”)

Dear Sirs,

We wish to inform you that the Board of Directors of the Company at its Meeting held today i.e. Friday, May 30, 2025 have inter alia:

• (i) Accepted the resignation of Mr. Manish Modi (DIN:00030036) as Chairman & Managing Director of the Company with effect from close of business hours on May 30, 2025.

• (ii) Considered and approved the re-appointment of Mr. Manish Modi (DIN: 00030036) as an Additional Director designated as Chairman & Managing Director of the Company for a period of 5 (Five) years with effect from May 31, 2025 upto May 30, 2030 and remuneration approved for a period of 3 (three) years with effect from May 31, 2025 upto May 30, 2028, based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company and the Central Government.

• (iii) Considered and approved the re-appointment of Ms. Kavita Rani (DIN: 08853423) as NonExecutive Independent Director of the Company for a further term of five (5) consecutive years with effect from July 31, 2025, based on the recommendation of the Nomination & Remuneration Committee and subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company.

• (iv) Considered and approved the appointment of Ranjeet Verma & Associates, Company Secretaries as Secretarial Auditor of the Company for a period of five consecutive years commencing from FY 2025-26 till FY 2029-30, based on the recommendation of the Audit Committee and subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company.

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 (+91) 9582388706

The Disclosures as required under Regulation 30 of the Listing Regulations read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, concerning the above appointments are enclosed as Annexure I, II and III to this intimation.

You are requested to take the same on record.

Thanking you

Yours sincerely,

For Modipon Limited

VINEET Digitally signed by VINEET KUMAR KUMAR THAREJA Date: 2025.05.30 THAREJA 18:28:06 +05'30' Vineet Kumar Thareja Company Secretary & Compliance Officer

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 (+91) 9582388706

Annexure-I

Disclosure in terms of Regulation 30 of the SEBI Listing Regulations read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, concerning the re-appointment of Mr. Manish Modi

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S. No. Particular Information
1 Name of Director Manish Modi
2 Category Additional Director designated as Chairman & Managing
Director
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S. No. Particular Information	S. No. Particular Information	S. No. Particular Information
1 Name of Director Manish Modi
2 Category Additional Director designated as Chairman & Managing Director
3	Reason for change	Mr. Manish Modi was re-appointed as Chairman & Managing Director of the Company by the board of directors of the Company, on the recommendation of the Nomination & Remuneration Committee on May 29, 2023, for a term of 5 (Five) years with effect from June 1, 2023 upto May 31, 2028, subject to the approval of the Members at the 56thAnnual General Meeting of the Company and the Central Government. The members of the Company in their 56thAnnual General Meeting held on September 27, 2023, approved the re- appointment of Mr. Manish Modi (DIN: 00030036) as Chairman & Managing Director of the Company with effect from June 1, 2023, subject to the approval of the Central Government. On November 1, 2023, the Company submitted an application to the Central Government in Form MR-2. However, the said application was rejected by the authorities, due to a delay in filing the application beyond the prescribed timeline of 90 days. This delay was caused by technical difficulties arising from the migration of the MCA portal to version 3 and the Company was in an ongoing communication with MCA authorities to resolve the issue. Considering the situation, and in order to proceed with a fresh application, it was decided that Mr. Manish Modi will resign from his position as Chairman & Managing Director with effect from close of business hours on May 30, 2025 and will be re- appointed as an Additional Director designated as Chairman & Managing Director of the Company with effect from May 31, 2025, subject to the approval of the members of the Company and the Central Government. Accordingly, the Board of Directors of the Company have approved the re-appointment of Mr. Manish Modi as an Additional Director designated as Chairman & Managing Director of the Company, with effect from May 31, 2025, subject to approval of the members of the Companyand the Central Government.

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

Hapur Road, Modinagar, Ghaziabad - 201 204 (UP) Phone (+91) 9582388706

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Modipon Limited

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4 Date of Appointment and Date of Re-Appointment: May 31, 2025
term of appointment Appointment as Additional Director designated as Chairman &
Managing Director for a period of 5 (Five) years with effect
from May 31, 2025 upto May 30, 2030 and remuneration
approved for a period of 3 (three) years with effect from May
31, 2025 upto May 30, 2028, subject to the approval of the
shareholders of the Company and the Central Government.
5 Brief Profile Mr. Manish Modi, Chairman & Managing Director of the
Modipon Limited, joined Modipon Fibre unit in the year 2009.
He has a bachelor’s degree in computer science from Bangalore
University. He is also MBA in Marketing from Columbia
University. Dataquest Magazine (India) named him as one of
the years 15 “Magical People” in 1997 and in 1998 he was
included amongst Asia’s top 50 young IT Entrepreneurs by the
institute for the future. He founded NetAcross in 1996 in New
Delhi with a vision to create an innovative learning organization
and its growth has featured in several international
publications including Red Herring, Forbes, Newsweek and
Asiaweek. He founded Exevo Inc., USA and Exevo India Limited
in the year 2002. Exevo was a new breed of outstanding
company and had grown leaps and bounds since it was
founded. He was the CEO of Exevo Inc., USA. He is the member
of various professional bodies including YPO, IACC, CII etc. and
currently an active early-stage investor focusing on rural and
Agri tech.
6 Disclosure of relationships Mr. Manish Modi is the spouse of Mrs. Aditee Modi (Director
between Directors of Modipon Limited). Further, Mr. Manish Modi is not related
inter-se with any other member of the Board.
7 Information as required Mr. Manish Modi is not debarred from holding office of
pursuant to BSE CIRCULAR Director by virtue of any SEBI Order or any such Authority.
WITH REF NO.
LIST/COMP/14/2018-19
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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 (+91) 9582388706

Annexure-II

Disclosure in terms of Regulation 30 of the SEBI Listing Regulations read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, concerning the re-appointment of Ms. Kavita Rani

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S. No. Particular Information
1 Name of Director Kavita Rani
2 Category Non-Executive Independent Director
3 Reason for change Re-appointment
4 Date of Appointment and term Re-appointment w.e.f. July 31, 2025 for a further term of
of appointment five consecutive years subject to the approval of the
shareholders at the forthcoming Annual General Meeting
of the Company
5 Brief Profile Ms. Kavita Rani is a qualified Company Secretary with a
Commerce degree from Delhi University and a Law degree
from CCU. She is a dynamic professional with experience
in corporate secretarial practices and legal affairs.
6 Disclosure of relationships Ms. Kavita Rani is not related to any director or key
between Directors managerial personnel of the Company
7 Information as required Ms. Kavita Rani is not debarred from holding office of
pursuant to BSE circular no. Director by virtue of any SEBI Order or any such Authority
LIST/COMP/14/2018-19
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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 (+91) 9582388706

Annexure-III

Disclosure in terms of Regulation 30 of the SEBI Listing Regulations read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, concerning the appointment of Secretarial Auditor

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S. No. Particular Information
1 Name of Secretarial Auditor Ranjeet Verma & Associates
2 Reason for change Appointment as Secretarial Auditor of the Company
3 Date of Appointment and term The Board at its meeting held on May 30, 2025, approved
of appointment the appointment of Ranjeet Verma & Associates as
Secretarial Auditors of the Company, for audit period of
five consecutive years commencing from FY 2025-26 till FY
2029-2030, subject to approval of the shareholders at the
forthcoming Annual General Meeting of the Company.
4 Brief Profile Ranjeet Verma & Associates is a reputed firm of Practicing
Company Secretaries, registered with the Institute of
Company Secretaries of India (ICSI), with over 14 years of
professional experience in corporate and allied laws. The
firm specializes in providing integrated legal and
secretarial services, with a strong focus on corporate law,
securities law, the Insolvency and Bankruptcy Code (IBC),
mergers and acquisitions, foreign investments, exchange
control regulations, GST, and capital markets.
The firm has extensive experience in handling assignments
involving secretarial audits, corporate compliance
management, due diligence, listing regulations, and
advisory services related to regulatory approvals from key
government departments, including the Ministry of
Corporate Affairs (MCA), Registrar of Companies (RoC),
Reserve Bank of India (RBI), and other regulatory bodies.
Headquartered in Ghaziabad, Ranjeet Verma & Associates
has a proven track record of advising and supporting a
diverse clientele, including domestic and international
corporations. The firm’s team of professionals brings an
average of over 12 years of experience in addressing
complex legal and regulatory matters with a practical and
solutions-oriented approach.
5 Disclosure of relationships Not Applicable
between Directors (in case of
appointment of a director)
6 Information as required -
pursuant to BSE Circular No.
LIST/COMP/14/2018-19
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CIN: L65993UP1965PLC003082 E-mail: modipon@modimangal.in Website: www.modipon.net