Meeting Details

The 43rd Annual General Meeting was held on Tuesday, July 21, 2026, commencing at 05:30 p.m. (IST) and concluding at 6:53 p.m. (IST). The cut-off date for e-Voting was Tuesday, July 14, 2026.

Meeting Mode and Venue

The meeting was conducted through Video Conferencing and Other Audio-Visual Means in compliance with:

  • Companies Act, 2013 and Rules thereunder
  • MCA General Circular Nos. 14/2020, 17/2020, 20/2020, and subsequent circulars including General Circular No. 03/2025 dated September 22, 2025
  • SEBI Circulars dated May 13, 2022, January 5, 2023, October 7, 2023, and October 3, 2024
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The deemed venue of the meeting was 33, Nariman Bhavan, 227 Nariman Point, Mumbai 400021.

Attendance

Chairman

Mr. Jayant Govindrao Kulkarni, Non-Executive Independent Director and Chairman of Stakeholder Relationship Committee, chaired the meeting from Michigan, USA.

Directors in Attendance

1. Mr. Girdhari Lal Modi - Managing Director, Chairman of CSR Committee

2. Mr. Rajkumar Mohanlal Modi - Jt. Managing Director, Chairman of Risk Management Committee

3. Mr. Kumar Jay Modi - Jt. Managing Director

4. Ms. Preeti Arvind Shah - Non-Executive Independent Director

5. Mr. Nandkishore Bafna - Non-Executive Independent Director, Chairman of Audit Committee and Nomination & Remuneration Committee (from his residence in Mumbai)

Key Managerial Personnel in Attendance

1. Mr. Murlidhar Narayan Nikam - Chief Executive Officer

2. Mr. Ramesh Mangilal Kothari - Chief Financial Officer

3. Ms. Pooja Birendra Sinha - Company Secretary & Compliance Officer

Other Attendees

Representatives of Statutory Auditors and Secretarial Auditors were present through VC from their respective locations.

40 members attended the meeting virtually/in person/through authorized representatives.

Quorum

The requisite quorum as required under Section 103 of the Companies Act, 2013 was present throughout the meeting.

Voting Process

The company provided two voting methods:

1. Remote e-Voting: Commenced at 9:00 a.m. on Friday, July 17, 2026 and ended at 5:00 p.m. on Monday, July 20, 2026

2. E-Voting during AGM: Activated from the beginning of the meeting until 30 minutes after conclusion for members who hadn't voted remotely

The e-Voting platform was provided by NSDL.

Scrutinizer Appointment

The Board of Directors appointed Mrs. Ragini Chokshi of M/s. Ragini Chokshi & Associates, Practicing Company Secretaries as Scrutinizer to scrutinize both remote e-Voting and e-Voting during the AGM.

Proceedings Summary

The meeting included:

  • Welcome address by Company Secretary Ms. Pooja Birendra Sinha
  • Confirmation of quorum by Chairman Mr. Jayant Govindrao Kulkarni
  • Opening remarks by Chairman providing overview of company performance
  • Comprehensive presentation by CEO Mr. Murlidhar Narayan Nikam on FY2025-26 performance, strategic initiatives, awards, CSR activities, and sustainability initiatives
  • Discussion and response to member queries

Resolutions Voted Upon

The following resolutions were put to vote:

Ordinary Business

1. Adoption of Audited Financial Statements (Standalone and Consolidated) along with Directors' Report and Auditors' Report

2. Confirmation of Interim Dividend and Declaration of Final Dividend

3. Approve Re-appointment of Director liable to retire by rotation

Special Business

4. Ratification of remuneration payable to Cost Auditors for Financial Year 2026-27

5. Approval of material Related Party Transaction with Modison Copper Private Limited

6. Approval for overall Borrowing Limits under Section 180(1)(C) of Companies Act, 2013

7. Approval Under Section 180(1)(A) for creation of mortgage or charge on company assets

Voting Results Disclosure

The voting results pursuant to Regulation 44(3) of SEBI LODR Regulations, along with the Scrutinizer's Report submitted pursuant to Section 108 of Companies Act, 2013, will be submitted in due course.

The consolidated results of remote e-Voting and e-Voting during the meeting will be declared within two working days from conclusion of the meeting. The results along with Scrutinizer's Report will be:

  • Intimated to Stock Exchanges
  • Uploaded on company website (www.modisonltd.com) and NSDL website
  • Displayed at Registered Office of the Company

Compliance Confirmation

The meeting was conducted in compliance with all applicable provisions of Companies Act, 2013, SEBI Listing Regulations, MCA Circulars, and SEBI Circulars.