MODISON LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on September 09, 2025
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Modison Limited has issued the notice for its 42nd Annual General Meeting (AGM) to be held on September 9, 2025, at 11:30 AM via video conferencing. Shareholders will consider adopting the audited financial statements for FY25, confirm an interim dividend of Rs. 1.50 per share, and approve a final dividend of Rs. 2.00 per share on 3,24,50,000 equity shares, taking total FY25 dividend to Rs. 3.50 per share. The notice also seeks approval to re-appoint Joint Managing Director Mr. Rajkumar Mohanlal Modi (who retires by rotation), ratify the cost auditors' remuneration of Rs. 60,000, appoint M/s. Ragini Chokshi & Co. as secretarial auditors for a five-year term at Rs. 70,000 per year, and approve related-party transactions with Modison Copper Private Limited worth up to Rs. 80 Crores. Two special resolutions seek shareholder approval to raise the company's borrowing limit and security-creation cap to Rs. 300 Crores each. Voting will be conducted electronically through NSDL, with the cut-off date set for September 2, 2025.
Shareholders on the record date of September 2, 2025, stand to receive a total Rs. 3.50 per share dividend for FY25 (if approved), with payment by October 8, 2025. The proposed Rs. 300 Crore borrowing limit and related-party transaction with Modison Copper signal possible growth or expansion plans, though they also expand the company's debt and counterparty exposure.