Modi Naturals announced that the Annual General Meeting (AGM) of the company will be held on 29 September 2018.

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Modi Naturals will hold a meeting of the Board of Directors of the Company on 9 August 2018.

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The Board of Modi Naturals has 15,38,463 Equity shares of face value of Rs. 10/- each (with a premium of Rs. 120/- per equity share) on conversion of warrants. Subsequent to the aforesaid allotment, the paid up equity share capital of the company has increased from Rs. 11,11,79,340 to Rs. 12,65,63,970 comprising of 1,26,56,397 equity shares of face value of Rs. 10/- each.

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Net profit of Modi Naturals reported to Rs 3.20 crore in the quarter ended March 2018 as against net loss of Rs 0.23 crore during the previous quarter ended March 2017. Sales declined 6.49% to Rs 80.95 crore in the quarter ended March 2018 as against Rs 86.57 crore during the previous quarter ended March 2017.

For the full year,no net profit/loss reported in the year ended March 2018 as against net loss of Rs 0.02 crore during the previous year ended March 2017. Sales declined 4.96% to Rs 278.63 crore in the year ended March 2018 as against Rs 293.17 crore during the previous year ended March 2017.

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