Modison Ltd

Modison Limited: Trading window closed from Oct 01, 2026 in view of unaudited financial results for the quarter and half year ended Sep 30, 2026; trading window to re-open 48 hours after declaration of the said financial results to the stock exchanges.

Cessation of Modison HV Private Limited

• Transfer of entire shareholding completed; Modison HV Private Limited ceased as a subsidiary.
• Cessation effective at close of business hours on 21 September 2026.
• Subsidiary not material per SEBI LODR; has not operated since acquisition.
• Cessation will not impact revenue or overall business.

Financial terms and related party disclosure

• Total consideration received: Rs 27.68 lakh.
• Buyers are promoter group members; related party transaction.
• Transaction undertaken on arm's length basis per Companies Act and LODR.
• No separate sale agreement entered into.
• Completion date: 21 September 2026.
• No material impact on operations.

Standalone results

• Standalone revenue from operations: ₹27,046.67 Lakhs.
• Standalone total income from operations: ₹27,300.70 Lakhs.
• Standalone profit after tax: ₹3,384.35 Lakhs; EPS: ₹10.43.
• Board approved the quarter ended 30-06-2026; results reviewed by auditors.

Consolidated results

• Consolidated total income from operations: ₹27,310.09 Lakhs.
• Consolidated PAT: ₹3,384.48 Lakhs; Consolidated EPS: ₹11.09.
• Consolidated revenue from operations aligns with standalone at ₹27,046.67 Lakhs.
• Limited review conducted; no material misstatement reported.

Key events & disclosures

• Fire incident at factory on 7 February 2026; insurance claim in process.
• Divested entire stake in Modison HV Private Limited on 9 June 2025; no material impact.

Segment & accounting stance

• Single primary segment: Manufacturing of Electrical Contacts; segment reporting not applicable.

Auditor notes & governance

• Unaudited results reviewed by Audit Committee; statutory auditors carried out limited review.

Capital structure

• Paid-up equity share capital: ₹32.45 crore.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30-06-2026 approved.
• Limited Review Reports for standalone and consolidated results issued by statutory auditors.
• Results prepared in IND AS; compliant with SEBI LODR Regulations.

Divestment of subsidiary

• Board approved divestment of 100% equity stake in Modison HV Private Limited.
• MHVPL is not a material subsidiary.
• Sale to promoter group individuals: Mr. Girdhari Lal Modi and Mr. Kumar Jay Modi.
• Estimated sale consideration Rs 27.68 lakh; completion by September 12, 2026.
• Related party transaction; expected arm's length.
• Annexure A contains divestment details.

Regulatory/Compliance notes and auditor remarks

• Labour Codes changes recognized; gratuity and leave encashment recognized as Rs 98.95 Lakhs.
• Recognised in standalone results for year ended 31 March 2026.
• Fire incident on Feb 7, 2026; PPE and inventory losses; insurer claim in process.
• Independent auditor's review: no material misstatement observed.
• Completion of proposed sale by Sept 12, 2026 subject to agreement and approvals.

Dividend & AGM

• Board declared final dividend of Rs 3 per equity share for FY2025-26, subject to AGM approval.
• Final dividend payable after AGM approval, scheduled 21 July 2026 at 5:30 PM IST.

TDS framework 2026-27

• Resident shareholders: 10% TDS on dividends over Rs 10,000 with valid PAN/Aadhaar linkage.
• Non-residents: DTAA-based relief available; require TRC, Form 41, PAN, and declarations.
• Exemptions or lower withholding for certain categories via Annexures 2-6 if eligible.

Documentation & deadlines

• Submit tax-related documents by 17 July 2026, 05:00 PM IST.
• Documents submitted via Purva Sharegistry or RTA; portal links provided.
• Form 121 declarations required for receipt without TDS; Annexures 1-10 outline types.
• Bank details updation requested to enable timely dividend credit.

Dematerialisation processing and listing status

• Dematerialisation requests received during the quarter were processed (accepted/rejected) and listed on exchanges.
• Certificates received for dematerialisation were mutilated and cancelled after verification; depository name updated as registered owner.
• Securities dematerialised have been listed on the exchanges where the earlier issued securities are listed.

AGM & Annual Report Access

• AGM scheduled July 21, 2026 at 5:30 PM IST via VC/OAVM.
• Annual Report FY2025-26 sent electronically to registered emails; unregistered addresses get web link.
• Remote e-voting opens July 17–20, 2026; eligibility cutoff July 14.
• Annual Report accessible via the company website and exchanges.

Dividend & Record Date

• Final dividend Rs 3.00 per equity share, subject to approval.
• Record date for dividend is July 14, 2026.
• Dividend payable within 7 days of AGM, after TDS.

Book Closure & Scrutinizer

• Book closure from July 15 to July 21, 2026.
• Scrutinizer appointed: Ragini Kamal Chokshi of Ragini Chokshi & Co.
• For address changes contact Purva Sharegistry.