Modison Ltd has declared a final dividend of ₹3 per equity share of face value ₹1 each (300%) for the financial year 2025-26, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for July 21, 2026. The Board of Directors, in its meeting on May 22, 2026, recommended the payout, which will be paid within 7 days of the AGM. The company has outlined the tax deduction at source (TDS) applicability for the dividend, which is taxable in the hands of shareholders under the Indian Income Tax Act, 2025.

For resident shareholders, TDS will be deducted at 10% if the aggregate dividend exceeds ₹10,000, provided a valid Permanent Account Number (PAN) is linked with Aadhaar. A higher rate of 20% applies if the PAN is invalid or inoperative. Specific categories such as insurance companies, mutual funds, and Category I/II Alternate Investment Funds are exempt from TDS upon submission of valid declarations. Non-resident shareholders can avail benefits under Double Tax Avoidance Agreements (DTAA) by submitting documents like the Tax Residency Certificate and Form 41.

Shareholders must submit necessary forms, such as Form 121 for exemption or lower withholding certificates, to the Registrar and Transfer Agent, M/s. Purva Sharegistry Private Limited, by July 17, 2026, to ensure correct tax deduction. Non-resident and institutional shareholders must send documents directly to Modison Limited. The company emphasized that failure to provide details may result in higher TDS deduction, though shareholders can claim refunds while filing income tax returns.

Key AGM and Dividend Details

The Register of Members will remain closed from July 15, 2026, to July 21, 2026. The dividend will be paid to Beneficial Owners as per the list furnished by NSDL and CDSL as of the close of business hours on the record date. The Board also recommended the confirmation of an interim dividend of ₹2.50 per share already paid during FY26.

Modison Limited reported a significant surge in financial performance for the financial year ended March 31, 2026, with net profit rising 193.97% to ₹7,255.32 lakh compared to ₹2,468.02 lakh in the previous year. The company’s revenue from operations increased by 44.89% to ₹71,032.89 lakh, driven by robust demand across its business segments. For the quarter ended March 31, 2026, net profit stood at ₹3,603.35 lakh, while revenue from operations was ₹28,731.89 lakh.

Profit before tax for the year stood at ₹9,693.68 lakh, marking a 189.01% increase from ₹3,354.10 lakh in FY25. The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) grew to ₹11,529.46 lakh from ₹4,738.35 lakh in the corresponding period. The board has recommended a final dividend of ₹3.00 per equity share for the year.

Financial Highlights (Standalone)

Exceptional Items and Operational Updates

The financial results for the year included exceptional items totaling a loss of ₹830.86 lakh, primarily due to a loss of ₹1,063.46 lakh from a fire incident at the factory on February 7, 2026. The company has lodged an insurance claim of ₹1,801.95 lakh and received a preliminary confirmation for a part payment of ₹170.00 lakh towards the loss of property, plant, and equipment. Other exceptional items involved profit or loss on the hedging of silver in stock and mark-to-market of forward contracts.

Corporate Governance and Approvals

The board has approved the audited financial statements for the year and recommended the final dividend. The record date for determining shareholder eligibility for the dividend has been fixed as July 14, 2026. The company’s 43rd Annual General Meeting is scheduled to be held on July 21, 2026, via video conferencing. M/s. M L Bhuwania and Co LLP, Statutory Auditors, have issued an unmodified audit opinion on the standalone and consolidated financial results for the year ended March 31, 2026.