Modison MD, chairman and AGM
NSE: MODISONLTDBSE: 506261Electrical EquipmentSmall Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹382.80.
27 Oct: open ₹373.05, high ₹399.00, low ₹363.70
- Under NSE's long-term additional surveillance, stage IV, on the list for 27 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,265 Cr1,767th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 11.17
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.93
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.80%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 41.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 29.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.69
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 6,35,225
Modison's chairperson is Jayant Govindrao Kulkarni, its managing director Girdhari Lal Modi, its managing director Rajkumar Mohanlal Modi and its managing director Kumar Jay Modi, as filed for the quarter to Sep 2026. Its latest annual general meeting was on 21 Jul 2026.
Modison board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorGirdhari Lal Modi
- Managing directorRajkumar Mohanlal Modi
- Managing directorKumar Jay Modi
- ChairpersonJayant Govindrao Kulkarni
6 directors3 independent3 executive
- Girdhari Lal Modi · Managing directorExecutive · joined Jan 1997 · reappointed Jul 2024 · 1 listed board · 1 committee seat
- Rajkumar Mohanlal Modi · Managing directorExecutive · joined Jun 1998 · reappointed Apr 2025 · 1 listed board · 1 committee seat
- Kumar Jay Modi · Managing directorExecutive · joined Apr 2012 · reappointed Apr 2025 · 1 listed board
- Jayant Govindrao Kulkarni · ChairpersonIndependent · joined Nov 2022 · 46 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Preeti Arvind ShahIndependent · joined Aug 2024 · 25 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Nandkishore BafnaIndependent · joined Nov 2025 · 11 months as independent · 2 listed boards · 2 as independent · 1 committee seat, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Ashok Shantilal Jatia, left 1 Nov 2025: Tenure Completion
- RITA BHATIA, left 26 Oct 2024: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 Aug 20266 of 6 present3 independent
Audit Committee
Chair Nandkishore Bafna
Rajkumar Mohanlal Modi, Jayant Govindrao Kulkarni, Preeti Arvind Shah
- 13 Aug 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Nandkishore Bafna
Jayant Govindrao Kulkarni, Preeti Arvind Shah
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Jayant Govindrao Kulkarni
Girdhari Lal Modi, Rajkumar Mohanlal Modi
No meeting listed in the filing.
Risk Management Committee
Chair Rajkumar Mohanlal Modi
Kumar Jay Modi, Jayant Govindrao Kulkarni, Murlidhar Narayan Nikam
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair Girdhari Lal Modi
Rajkumar Mohanlal Modi, Preeti Arvind Shah
No meeting listed in the filing.
Finance Committee
Chair Girdhari Lal Modi
Kumar Jay Modi, Rajkumar Mohanlal Modi
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- M L BHUWANIA AND CO LLPPeer-review certificate valid to Jun 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Modison AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Modison dividend history
Annual general meeting, 21 Jul 2026
21,936 shareholders on the register on 14 Jul 2026; present: 0 promoters and 0 others; votes counted by MRS. RAGINI CHOKSHI / RAGINI CHOKSHI & CO.
- ADOPTION OF AUDITED FINANCIAL STATEMENTS (STANDALONE AND CONSOLIDATED) ALONG WITH DIRECTORS REPORT AND AUDITORS REPORT THEREONOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.58% · promoters 99.55% · institutions 5.78% · other public 3.27%
- CONFIRMATION OF INTERIM DIVIDEND AND DECLARATION OF FINAL DIVIDENDOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.58% · promoters 99.55% · institutions 5.78% · other public 3.27%
- APPROVE RE-APPOINTMENT OF DIRECTOR WHO IS LIABLE TO RETIRE BY ROTATIONOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 22.38% · promoters 39.82% · institutions 5.78% · other public 3.27%
- RATIFICATION OF REMUNERATION PAYABLE TO THE COST AUDITORS FOR FINANCIAL YEAR 2026-27Ordinary99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 1.21%
Turnout: all 53.58% · promoters 99.55% · institutions 5.78% · other public 3.27%
- TO APPROVE MATERIAL RELATED PARTY TRANSACTION WITH MODISON COPPER PRIVATE LIMITEDOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 1.59% · promoters 0.00% · institutions 5.78% · other public 3.27%
- APPROVAL FOR OVERALL BORROWING LIMITS OF THE COMPANY UNDER SECTION 180(1)(c) OF THE COMPANIES ACT, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 53.58% · promoters 99.55% · institutions 5.78% · other public 3.27%
- APPROVAL UNDER SECTION 180(1)(a) OF THE COMPANIES ACT, 2013 INTER ALIA FOR CREATION OF MORTGAGE OR CHARGE ON THE ASSETS, PROPERTIES OR UNDERTAKING(S) OF THE COMPANYSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 53.58% · promoters 99.55% · institutions 5.78% · other public 3.27%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 25 Oct 2025, 1 resolution
21,776 shareholders on the register on 19 Sep 2025; votes counted by MS. RAGINI CHOKSHI / RAGINI CHOKSHI & COMPANY.The company's voting result
- To approve the appointment of Mr. Nandkishore Bafna (Din: 00019372) as Director in the category of Non-Executive Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 54.32% · promoters 99.55% · institutions 0.00% · other public 5.15%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 9 Sep 2025, 8 resolutions
21,698 shareholders on the register on 2 Sep 2025; present: 8 promoters and 38 others; votes counted by RAGINI CHOKSHI / RAGINI CHOKSHI & COMPANY.
- Adoption of Audited Financial Statements (Standalone and Consolidated) along with Directors’ Report and Auditors’ Report thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 54.93% · promoters 99.55% · institutions 0.08% · other public 6.43%
- Confirmation of Interim Dividend and Declaration of Final DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 54.93% · promoters 99.55% · institutions 0.08% · other public 6.43%
- Approve Re-appointment of Director, who is liable to retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 34.13% · promoters 59.64% · institutions 0.08% · other public 6.43%
- Ratification of remuneration payable to the Cost Auditors for Financial Year 2025-26Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 54.93% · promoters 99.55% · institutions 0.08% · other public 6.43%
- Appointment of Secretarial AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 54.93% · promoters 99.55% · institutions 0.08% · other public 6.43%
- To approve the Related Party TransactionOrdinaryPromoters have an interest in it65.49% for34.51% against
Against: promoters 0.00% · institutions 0.00% · other public 34.52%
Turnout: all 1.43% · promoters 0.00% · institutions 0.08% · other public 3.02%
- To enhance the Borrowing Limit of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 54.93% · promoters 99.55% · institutions 0.08% · other public 6.43%
- Authorization for creation of Security on the assets of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 54.93% · promoters 99.55% · institutions 0.08% · other public 6.43%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 12 Oct 2024, 3 resolutions
- To consider and approve appointment of Ms. Preeti Shah (DIN: 00020287), as Independent Director of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 54.93% · promoters 99.55% · institutions 0.00% · other public 6.44%
- To consider and approve Re-appointment of Mr. Rajkumar Modi (Din: 00027449), as Joint Managing Director of The Company.SpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 34.13% · promoters 59.64% · institutions 0.00% · other public 6.44%
- To consider and approve Appointment of Mr. Kumar Jay Modi (Din: 00059396), as Joint Managing Director of the Company.SpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 25.11% · promoters 42.33% · institutions 0.00% · other public 6.44%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Jul 2024, 6 resolutions
Present: 8 promoters and 40 others.
To receive, consider and adopt n(a) the Standalone Audited Financial Statements of the Company for the financial year ended 31stMarch, 2024 together with the reports of the Board of Directors’ and Auditors’ thereon; and n(b) The Consolidated Audited Financial Statements of the Company for the financial year ended 31stMarch, 2024 together with the report of Auditors’ thereon.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 54.09% · promoters 98.38% · institutions 0.00% · other public 5.94%
a) To confirm interim dividend @ Re. 0.50 per Equity Share of the Company for the financial year ended 31st March, 2024; and nb) To declare final dividend of Rs. 2/- per Equity Shares of the Company for the financial year ended 31st March, 2024.nMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 54.09% · promoters 98.38% · institutions 0.00% · other public 5.94%
- To appoint a Director in place of Mr. Kumar Jay Modi (DIN:00059396), who retires byrotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 25.10% · promoters 42.77% · institutions 0.00% · other public 5.94%
- Ratification of the remuneration payable to M/s N. Ritesh & Associates, Cost Accountants, (Certificate of Practice No.R100675) for the financial year ending March 31, 2025.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.69%
Turnout: all 54.09% · promoters 98.38% · institutions 0.00% · other public 5.94%
- To approve re-appointment of Mr.Girdhari Lal Modi (DIN: 00027373) as Managing Director of the Company.SpecialPromoters have an interest in it99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 0.69%
Turnout: all 25.10% · promoters 42.77% · institutions 0.00% · other public 5.94%
- To approve related party transaction with Modison Copper Private LimitedOrdinaryPromoters have an interest in it99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 1.20% · promoters 0.00% · institutions 0.00% · other public 2.53%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Jul 2023, 8 resolutions
Present: 10 promoters and 45 others.
- Adoption of Audited Financial Statements (including the Consolidated Financial Statements) for the year ended 31st March, 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.86% · promoters 100.00% · institutions 0.00% · other public 5.73%
- To declare final dividend of Rs.1 / per equity share i.e., 100% for the financial year ended 31st March 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.86% · promoters 100.00% · institutions 0.00% · other public 5.73%
- To appoint a Director in place of Mr.Rajkumar Modi (DIN: 00027449), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 33.83% · promoters 59.66% · institutions 0.00% · other public 5.73%
- Ratification of the remuneration payable to M/s N. Ritesh & Associates, Cost Accountant (N. Ritesh, Proprietor) (Certificate of Practice No. R100675) for the financial year ending March 31, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 54.86% · promoters 100.00% · institutions 0.00% · other public 5.73%
- To approve existing as well as new material related party transactionOrdinaryPromoters have an interest in it84.68% for15.32% against
Against: promoters 0.00% · institutions 0.00% · other public 15.32%
Turnout: all 1.13% · promoters 0.00% · institutions 0.00% · other public 2.35%
- Appointment of Mr. Vijay Kumar Modi, as Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 54.55% · promoters 100.00% · institutions 0.00% · other public 5.09%
To approve the appointment of Mr. Vijay kumar Modi (DIN: 10042572), as Whole time Director designated as “Sales and Technical, Executive Director” of the Company for a period of 3 (Three) consecutive years.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 54.55% · promoters 100.00% · institutions 0.00% · other public 5.09%
- Change in designation of Mr. Kumar Jay Modi (DIN No:00059396) from Whole time Director to Joint Managing Director.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 25.04% · promoters 42.78% · institutions 0.00% · other public 5.73%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 17 Dec 2022, 1 resolution
Appointment of Shri. JAYANT GOVINDRAO KULKARNI, Additional Director of the Company, as a Non-Executive Independent Director for a period of 5 consecutive years from 09th November, 2022 up to 08th November, 2027.MoreLess
Special99.94% for0.06% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.67%
Turnout: all 56.97% · promoters 99.99% · institutions 0.00% · other public 10.16%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputePrincipal Commissioner of Income Tax (3)Since 7 Dec 2012On goingAt the filing before: No Change
- Tax disputeThe Assistant Commissioner of Income Tax, TDS, TDS Circle 1(3), MumbaiSince 31 Mar 2021On goingAt the filing before: No Change
- Tax disputeCommissioner of Income Tax-TDS, TDS Range 1(3), MumbaiSince 14 Mar 2022On goingAt the filing before: No Change
- Tax disputeAssessment Unit, Income Tax DepartmentSince 19 Apr 2023On goingAt the filing before: No Change
- Tax disputeAssessment Unit, Income Tax DepartmentSince 28 Sep 2022On goingAt the filing before: No Change
- Tax disputeThe State of GujaratSince 5 Mar 2016On goingAt the filing before: No Change
- Tax disputeAssistant Commissioner of Commercial Tax Unit-73, VapiSince 6 Mar 2012On goingAt the filing before: No Change
- Tax disputeAssistant Commissioner of State TaxSince 29 Mar 2025On goingAt the filing before: No Change
1 more
- Tax disputeAdditional Commissioner GST & Central ExciseSince 31 Jan 2019On goingAt the filing before: No Change
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.