odeTn Insulators Limited Registered Office Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 ( Rajasthan ) India Phone 02974-228044 to 228047 Fax 02974-228043 wwwmoderninsulatorscom CIN- L31300RJ1982PLC002460 Email compliancemodeminsulatorscom

INFORMATION MEMORANDUM

COMPANY PROFILE

a) Name and address of Registered office of the Company

Modern In sulators Limited (CIN L3 1300RJ 1982PLC002460) Talheti Village Karoli Tehsil Abu Road Dist Sirohi - 3075 10 Rajasthan Tele - 02974- 228044 to 2280 47 Website - wwwmoderninsulatorscom

b) Address of Plant of the Company

Insulators Division Talheti Village Karoli Tehsil Abu Road Dist Sirohi - 3075 10 Rajasthan

Terry Towels Division PB n o 16 Sanand Dist Ahmedaba d - 38 2 110

c) Names of regional stock exchange and other stock exchange where listed (Years of listing and current status)

_- shyName of other stock exchange where securities are listed

Current Status Year of Listing

Calcutta Stock Exchan ge Suspended 1985

d) Signing with Depositories- ISIN no Depositories- NSDL amp CDSL ISIN No - INE219WOI012

el Name and contact details of comDliance officer and ComDanv Secretary

Name Gaurav Goyal Designation Com pliance officer and Company Secretary Contact No 02974-228044 t0228047

Email Id compliancemoderninsula tors com

1) Email id for Investor Grievances compliancemoderninsulatorscom

Works Insulators Division Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 (Rajasthan) India Terry Towels Division pe No 16 Sanand-382110 Dist Ahmedabad Tel02717-222373 Fax 02717-222367

I ~odeTn Insulators Limited Registered Office Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 ( Rajasthan ) India Phone 02974-228044 to 228047 Fax 02974-228043 WWWmodeminsulatorscom CIN-l31 300RJ1982PlC002460 Email compliancemoderninsulatorscom

g) Date of Suspension and reason of suspension

Date of Suspension- 07 0 1 2002 Reason of su spension- Due to non- compliance of certain listing provisions

CAPITAL STRUCTURE OF PHE COMPANY

1) Authorized Issued Subscribed and Paid-up Capital

Particulars Authorized Share Capital

1 90000000 Equity Shares of Rs 10 Each 2 500000 Preference Share s of Rs 100 Each Issued Subscribed and Paid Up Share Capital 47143900 Equity Shares of Rs 10 Ea ch

2) Listed Capital Particulars Amount

Amount

Rs 900000000 Rs 50000000

Rs 471439000

Listed Share Ca ital 471439000

COMPANYMANAGEMENT

1 Brief history and present business of the Company

Modern Insula tor s Limited was incorporated in the state of Rajasthan as a Public limited Company h aving its regi tered office at Abu Road Rajasthan

Modern Insulators Limited is ISO 9001201 5amp 1400 1201 5 cer tified Company manufactu res high voltage and extr a h igh voltage Alumina porcelain insulators in India inclu ding solid-core post insulators for extra high voltage (EHV) sub shystations for transmission lines distribution lines substa t ions railway electrificat ion electrical switchgear and con trol equipm ent The company is a leading m anufacturer and supplier of high voltage porcelain insulator s that are essential components of the global electrical infra s tructure The Company is also engaged in the business of manufacturing of terry towels

The Company h a s also established Aluminium and SGI (Ductile iron) foundry with the most advanced manufacturing and machin ing facilities which m anufactures various types of SG Iron and Aluminium alloy casting

2 Subsidiaries of the Company if any Modern InVITO Private Limited (eIN U45400RJ2019PTC067488) a wholly own subsidiary

Works Insulators Division Talheti Village Karoli Tehsil Abu Ro~d District Sirohi - 307510 ( Rajasthan) India Terry Towels Division PB No 16 Sanand-382110 Dist Ahmedabad TeI02717-222373 Fax 02717-222367

__ I odeTn Insulators Limited Registered Office Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 ( Rajasthan ) India Phone 02974-228044 to 228047 Fax 02974-228043 wwwmoderninsulatorscom CIN- L31300RJ1982PLC002460 Email compliancemoderninsulatorscom

3 Names of Promoters and the ir background

S Name of Promoter Background No 1 Shri BS Ranka Shri B S Ranka is Fou nder p r om oter of the

Com pany He was Chairman amp Managin g Director of the Com pany and h as r e signed from his directorship on 3006 2 0 1 1

2 Shr i Sach in Ranka Shri Sachin ~Ranka is Ch airm an amp Mana ging Director of the Com pany He is an MBA and having vast exp erience of about 3 1 years in m anufa cturing of High volta ge Insulator s and textile Indu s try

3 Smt Sm r iti Ranka Smt Smriti Rank a is on e of the promoters of the Company She h as vast experien ce of ab out 25 years in the field m anagement and a d ministration

4 Shri Shreyans Ranka Shri Shreyans Rank a is Wh ole time d ir ector of th e Com pany He IS Ba ch elor In Industrial en gineering from University of Illinois USA and Ma s t ers ill Management at Imperial Bu siness School London He h as overall 10 yrs expenence in Managem en t and a dm inistration

Shri Su vrat Rank a is one of the promoters of the Company He is Bachelor in Banking amp In sur ance and Master of Science in Inn ova tion amp Entrepreneursh i p from University of Warwick London He h a s overall 7 yrs experience in Finance and Administra tion

5 Shri Su vrat Ranka

4 Names and addresses of auditors legal advisors of the company and details of KMPs along with their des ignations (with their DIN wherever a pplicable) and other Directors including nominee- Directors and Woman Director (giving t h eir directorships in other companies) Change if any in Directors Management and auditors during the last one year and reasons thereof shy

A Name and address of St atutory Auditors Mj s R B Verma amp As sociates Ch artered Accountants B- 12 Bhagirath Colony Chomu Hou se J aip u r- 302001

Works Insulators Division Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 ( Rajasthan) India Terry Towels Division PB No 16 Sanand-382110 Dist Ahmedabad Tel02717-222373 Fax 02717-222367

odeTn Insulators Limited Registered Office Talheti Village Karoli Tehsil Abu Road District Siroh i - 307510 ( Rajasthan ) India Phone 02974-228044 to 228047 Fax 02974-228043 wwwmodeminsulatorscom CIN- L31300RJ1982PLC002460 Email compliancemodeminsulatorscom

B Name and address of Legal Advisors of the Company Company has not appointed any legal advisor

shy

C Details of Other Directors and KMPs S Name and Designation Address Directorship in other I No DIN of the Companies (along with

person their CIN) 1 Ravindra Independent 44 J arhbu Raniwala Con sultants

Raniwala Director Dweep Civil Private Limited (005064 19) Lines Colony (U74 140RJ 1991PTC006375)

Raj Bhawan Marg J aipu r -3 02006

2 Meenu Women 103 Midtown Sacheti Metals Private Sa cheti Independent Apartment Limited (02266703) Director BG Kher (U27 100 MH1990PTC0566 11)

Marg Worli Modern Denim Limited I Mumbai - (L 171 24RJ197 7 PLC001 758) 400018

3 Tarachand Nonshy Sr No 20 9 Modern Denim Limited Mohanlal Executive Vastu (L 17 124 RJ 1977PLCOO 1758)Chejara Director Rivernest (07619881) Bldg C Flat

No 903 Near Bhondve Lawn Pune -412101

4 Su reshKumar In depen dent Modern Denim Limited901 Mohanlal Director Madhuram (L17124RJ197 7 PLC00 1758)Sharma Towers Nr (01 378040) Manjeet

Society Opp Circuit Houseannexe Shahibaug Ahmeda b ad -380004

Works Insulators Division Talheti Village Karoli Tehsil Abu Road District Siro i - 307510 ( Rajasthan) India Terry Towels Division PB No 16 Sanand-382110 Dist Ahmedabad Tel02717-222373 Fax 02717-222367

odeTn Insulators Limited Registered Office Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 ( Rajasthan ) India Phone 02974-228044 to 228047 Fax 02974-228043 WvVWmoderninsulatorscom CIN- L31300RJ1982PLC002460 Email compliancemodeminsulatorscom

5 Dinesh Singh I Chief Mod ern Singhvi Financial Insu lators

officer (KMP) Limited Talheti Abu Road Sirohi Sirohi -

307510 6 Gaurav Goyal Company 69 425 A

Secretary amp Heera Pa th Compliance Mansarovar Officer J aipur -

(KMP) 302020

D Change in Directorship and auditors during last one year if any No ch ange in Directors and Au ditors

5 Details of Directors Whole-time Directors their remuneration appointment and remuneration of Managing Directors interests of Directors their borrOwing powers and qualification shares

S No

L

2

Name and DIN of Director

Sachin Ranka (00335534)

Shreyans Sachin Ranka (064 7 07 10)

Designati on

Chairman amp Managing Director

Whole t ime Director

I

Address Directorship in Remunera other Companies tion (along with their CIN) Modern Denim 7 3 20 Lacs

9th floor Siddharth

paLimited RG (L 17 124 RJ 1977PLCO Tha d ani 01758) Marg Motile Power Trade Worli PDvate Limited Mumbai 4000 18 (U51 109MH2009PTC 19

1078) 901 Nil 24 00 Lacs Siddharth p a

Building RG Thad ani Marg Worli Mumbai 400018

Works Insulators Division Talheti Village Karoli Tehsil Abu Road District Sirohi - 307 ( Rajasthan ) India Terry TowelS Division PB No 16 Sanand-382110 Dist Ahmedabad Tel02717-222373 Fax 02717-222367

OdeTft Insulators Limited Registered Office Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 ( Rajasthan ) India Phone 02974-228044 to 228047 Fax 02974-228043 wwwmoderninsulatorscom CIN- L31300RJ1982PLC002460 Email compliancemodeminsulatorscom

6 Rights of members regarding voting dividend lien on shares and the process for modification of such rights and forfeiture of shares Th e righ t s of members wr t voting is one share one vote Further the rights of members with r espect tltt dividend and lien of shares is a s per provision s of the Com panies Act 2013 and Articles of Associa tion Further the Com pany has not m odified rights regarding dividen d lien on shares amp forfeit re of shares The process of m odification of t h e same is as per provision s of the Com panies

7 Rest rictions if any on transfer and transmission of s hares debent ures and on the ir consolidation s plitting There are no re strictions on transfer and transmission of shares and on their con solida tion splitting

8 Revaluation of assets if any (during last five years) No except that Company has considered fair value of Pr operty plant amp equipment and Intangible assets pur suant to applicability of Indian Accounting Standards (In d AS)

9 No of Employees Th e Company has tot al 167 9 em ployees (including workers) a s on d ate

Lates t s hareholding pattern

Whether pattern (latest as

of total No ofNo ofShareholding 100 in

on 02032020) shareholding shares inshares

demat for Promoter and 50 in d e mat for public

Promoter and

demat

9 997 Promoter Group

2837207060 202838 1877

39 82 74713743980 18762 023Public Sh areh old ing Sh ares h eld - NIL custodians against DRs is sued by the company Total

- NIL

7603358434441000047143900 -

(

Works Insulators Division Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 (Rajasthan) India Terry Towels Division PB No 16 Sanand-382110 Dist Ahmedabad Tel02717-222373 Fax 02717-222367

__1

odeTn Insulators Limited Registered Office Talheti Village KaroIi Tehsil Abu Road District Sirohi - 307510 ( Rajasthan ) India Phone 02974-228044 to 228047 Fax 02974-228043 wwwmodeminsulatorscom CIN- L31300RJ1982PLC002460 Email compliancemodeminsulatorscom

BUSINESS

1 Nature of the products Consumer Industrial and end users

2 Plant and machinery technology process etc The Company has Imported and indigenous plant and m achinery with In-house research and development department and process as per Bureau of Indian Standard s (BIS) specifications

3 Collaboration any performance guarantee or assistance in marketing by the collaborators Presently there is no collaboration

4 Infrastructure facilities for raw materials and utilities like water electricity etc The Company is availing services of logistics and transport services for transit of its raw materials

5 Approached to marketing and proposed marketing set-up Currently bu siness marketing headed under the guidance amp control of Mr Sachin Ranka Chairman amp Managing Director of the Company and the Com pany is having marketing head who is responsible for marketing and timely delivering of products of the Company

6 Export possibilities and export obligations if any (in case of a company providing any service particulars as applicable be furnished)middot NA

7 Future prospects- expected capacity utilization during the first three years from the date of commencement of production and the expected year when the company would be able to earn cash profits and net profits Th e Comp any is in commercial production since its inception The company is earing cash profits and n et profits from last many years and the same is expected to be continue in future years also

LITIGATION

1 Outstanding pertaining toshyI Matters likely to affect operation and finances of the Company including

disputed t ax liabilities of any nature and

Works Insulators Division Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 (Rajasthan) India Terry Towels Division PB No 16 Sanand-382110 Dist Ahmedabad Tel02717-222373 Fax 02717-222367

odeTn Insulators Limited Registered Office Talheti Village Karoli Tehsil Abu Road District Sirohi - 307510 ( Rajasthan ) India Phone 02974-228044 to 228047 Fax 02974-228043 wwwmoderninsulatorscom CIN- L31300RJ1982PLC002460 Email compliancemoderninsulatorscom

II Criminal prosecution launch ed against the company and the directors for alleged offences

Particulars of default ifany in meeting statutory du es institutional dues and towards instrument h olders like deben tures fixed deposits and arrears on cumulative preference shares etc (also give th e same p articulars about the com p anies promoted by the same priva te promoters and listed on stock exchange)

Th e Company does not have any m atter s wh ich likely to affect operation and finances of the company

FINANCIAL PERFORMANCE (Rs In lacs

Particulars Financial year ended 31032019

Financial year ended 31032018

Sales 4 400467 4089349 Total Income 44834 18 41 59874 Expenditure 424836 1 3981544 Profit b efore tax 2 350 57 178327 Pr ofit after tax 2552 45 16630 1 Share Capital 4 7 1439 47 14 39 Acc Profit 19 40187 1691570 Total Reserves 235991 9 211 13 02

DECLARATION

No statement made under this In formation Memorandum contravenes any of the provisions of Companies Act 1956 Companies Act 20 13 as m ay be applicable and the rules made thereu nder All the legal requ irement connected with the listing revocation of suspension of trading in equity of shares of our comp any and also the guidelines instruction s etc issued by SEBI Government and any other competent authority in this behalf h ave been duly complied with All information contain ed in this document is true and correct

For Modern Insulators Limited

(~ ~~ Sac~ka Chairman amp Managing Director DIN 00335534

Works Insulators Division Talheti Vi llage K~roli Tehsil Abu Road District Sirohi - 307510 ( Rajasthan) India Terry Towels Division PB No 16 Sanandmiddot382110 Dist Ahmedabad Tel 02717-222373 Fax 02717-222367