Board Meeting13 Aug 2026, 08:00 pm
Modison Ltd Board Approves Q1 FY27 Unaudited Results, Divests Subsidiary
AI Summary
Modison Ltd's Board of Directors met on August 13, 2026, approving the unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), both standalone and consolidated. The board also approved the divestment of its entire 100% equity stake in its wholly-owned subsidiary, Modison HV Private Limited (MHVPL), which is not considered a material subsidiary. The meeting commenced at 6:00 p.m. IST and concluded at 7:05 p.m. IST. The financial results and details of the divestment proposal were submitted for record.
Key Highlights
- Board approved Q1 FY27 unaudited financial results.
- Results were approved on standalone and consolidated basis.
- Company approved divestment of 100% stake in MHVPL.
- MHVPL is not a material subsidiary of Modison Ltd.
Price Impact
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