Description

Modi's Navnirman Limited (Scrip Code: 543539) is migrating from BSE SME platform to BSE Mainboard platform with shareholding pattern filed under Regulation 31(1)(a) dated November 7, 2025.

Summary

Modi’s Navnirman Limited (Scrip Code: 543539, ISIN: INE0L0L01012) is migrating its equity shares from the BSE SME Platform to the BSE Mainboard Platform. The company has filed its shareholding pattern under Regulation 31(1)(a) with a listing date of November 7, 2025. The company has a total of 19,591,200 fully paid-up equity shares, with promoter holding at 63.79% and public shareholding at 36.21%.

Key Points

  • Company Name: Modi’s Navnirman Limited
  • BSE Scrip Code: 543539
  • ISIN: INE0L0L01012
  • NSE Symbol: MODIS
  • Migration from BSE SME to BSE Mainboard
  • Listing Date: November 7, 2025
  • Total Equity Shares: 19,591,200 (fully paid-up)
  • All shares held in dematerialized form
  • Report filed under Regulation 31(1)(a)
  • Not a Public Sector Undertaking (PSU)

Shareholding Pattern

Promoter & Promoter Group:

  • Number of shareholders: 5
  • Shares held: 12,498,000
  • Percentage: 63.79%
  • Locked-in shares: 480,000 (3.84% of promoter holding)
  • No pledged shares or non-disposal undertakings

Public Shareholders:

  • Number of shareholders: 1,000
  • Shares held: 7,093,200
  • Percentage: 36.21%
  • Locked-in shares: 20,000 (0.28% of public holding)

Other Key Details:

  • No partly paid-up shares issued
  • No convertible securities, warrants, or ESOPs outstanding
  • No depository receipts issued
  • No shares with differential voting rights
  • No significant beneficial owners
  • Total locked-in shares: 500,000 (2.55% of total capital)

Regulatory Changes

The migration from BSE SME platform to BSE Mainboard platform subjects the company to mainboard listing requirements and compliance obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This includes enhanced disclosure norms, governance standards, and regulatory scrutiny applicable to mainboard-listed companies.

Compliance Requirements

  • Company must comply with BSE Mainboard listing requirements
  • Enhanced disclosure obligations under LODR Regulations for mainboard companies
  • Quarterly shareholding pattern filings under Regulation 31
  • Higher corporate governance standards applicable to mainboard entities
  • Compliance with minimum public shareholding norms for mainboard companies

Important Dates

  • Listing Date on BSE Mainboard: November 7, 2025
  • Shareholding Pattern Date: November 7, 2025
  • Report Filing Date: November 13, 2025

Impact Assessment

Positive Impacts:

  • Enhanced visibility and credibility from mainboard listing
  • Access to larger investor base and improved liquidity
  • Better price discovery mechanism
  • Potential for inclusion in broader market indices

For Shareholders:

  • Improved trading liquidity expected on mainboard platform
  • Enhanced regulatory oversight and investor protection
  • 2.55% of total shares remain locked-in, with 3.84% of promoter shares locked

Operational Impact:

  • Company transitions to more stringent mainboard compliance framework
  • Increased disclosure and governance obligations
  • Higher scrutiny from regulators and market participants

Impact Justification

Platform migration from SME to Mainboard is significant for the company and its shareholders, affecting trading venue and regulatory requirements, but has limited broader market impact.