Modi’s Navnirman Gets Unanimous Shareholder Nod to Migrate to Main Board on BSE & NSE
By Shishta Dutta | Published at: Jul 9, 2025 05:33 PM IST
Mumbai, July 9, 2025 — Modi’s Navnirman Limited (BSE: 543539) has reached a big goal: all of its shareholders agreed to the company’s plan to go from the SME platform to the Main Board of both the BSE and NSE. The unanimous vote shows that investors have faith in the company, and it further opens the door to more visibility, more investors, and more liquidity on the stock market. The move is a big step forward for the company’s growth as it gets ready to do more business and be more visible in the market.
Key Voting Outcome
During its Extraordinary General Meeting (EGM) on July 7, 2025, Modi’s Navnirman Ltd reached a major milestone. 78.78% of shareholders voted by mail and e-voting to approve its plan to move from the SME platform to the Main Boards of both BSE and NSE. The decision comes after the board approved it in June. That permission also includes a strategic merger with Shree Modis Navnirman Pvt Ltd, a wholly-owned subsidiary, to make operations more efficient and save money.
| Metric | Result |
|---|---|
| Shareholder Participation | 78.78% |
| Votes in Favour of Migration | 100% |
Strategic Rationale
The move to the Main Board is aimed at –
- Enhancing market visibility
- Improving share liquidity
- Attracting a wider institutional investor base
- Strengthening corporate governance
Management emphasised that the migration is more than a compliance milestone — it’s a value-driven shift to deepen investor confidence and expand growth avenues.
Management Commentary
“This is a proud and defining moment for our Company. The 100% shareholder approval demonstrates the unwavering support and trust placed in our vision and performance,” said Mr. Dinesh Modi, Chairman and Managing Director.
“Migration to the Main Board of BSE and NSE is not just a regulatory step — it opens new opportunities for capital access, better market reach, and increased transparency. We remain committed to delivering greater value to all our stakeholders.”
Next Steps
The company will now initiate the formal application process with both exchanges. Upon approval, Modi’s Navnirman will be listed on the Main Boards of BSE and NSE, opening its stock to a larger pool of institutional and retail investors.
About the Company
Modi’s Navnirman Limited is currently listed on the BSE SME platform and operates in the construction and real estate development sector. The company has steadily built a reputation for quality and trust in the Mumbai Metropolitan Region and is now poised for broader capital market participation.
REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/75ee1a32-8c95-494e-807c-9eab230bf32e.pdf
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