Modison Sells Wholly-Owned Subsidiary Modison HV Pvt Ltd

Modison Ltd has completed the transfer of its entire shareholding in its wholly-owned subsidiary, Modison HV Private Limited, effective September 21, 2026. The subsidiary, which was non-operative since its acquisition and not material, will not impact the company’s revenue or business. The company received a consideration of ₹27,68,000 for the sale. The buyers, Mr. Girdhari Lal Modi and Mr. Kumar Jay Modi, are members of the Promoter/Promoter Group, making this a related party transaction conducted at arm's length. As of March 31, 2026, Modison HV Private Limited had nil total income and a net worth of ₹28,25,790.