Modison Limited has completed the transfer of its entire shareholding in its wholly owned subsidiary, M/s. Modison HV Private Limited (MHVPL). The transaction was completed effective close of business hours on Monday, September 21, 2026.
Transaction Details
- Completion Date: September 21, 2026
- Reference: Follows previous intimation dated August 13, 2026
- Regulatory Basis: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Financial Impact Assessment
- The subsidiary was not a material subsidiary under SEBI LODR Regulations
- MHVPL has not been operative since its acquisition by the Company
- No impact on the Company's revenue or business expected from this cessation
Financial Metrics of Subsidiary (as of March 31, 2026)
- Total Income: Nil (0% contribution)
- Net Worth: ₹28,25,790.00 (Rupees Twenty-Eight Lakh Twenty-Five Thousand Seven Hundred Ninety only)
Transaction Consideration
- Total Consideration Received: ₹27,68,000/- (Rupees Twenty-Seven Lakh Sixty-Eight Thousand only)
Buyer Information
1. Mr. Girdhari Lal Modi
2. Mr. Kumar Jay Modi
Both purchasers are members of the Promoter/Promoter Group of Modison Limited, making this a Related Party Transaction.
Transaction Nature
- The transaction has been undertaken on an arm's length basis
- Conducted in accordance with applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- No separate agreement for sale was entered into between the Company and the purchasers
Additional Information
- The transaction does not constitute a slump sale (Not Applicable)
- Complete information is available on the Company's website at www.modisonltd.com