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Modern Insulators gets nod to incorporate wholly owned subsidiary

23 Aug 2023 Evaluate

Modern Insulators has received approval to incorporate a wholly owned subsidiary to manufacture Composite Insulators. The Company would infuse up to Rs 5 crore in equity share capital in one or more tranches. The Board of Directors of the Company at their meeting held on August 22, 2023 have approved the same. 

Modern Insulators is primarily engaged in the business of manufacturing insulators and terry towels.

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