Modison Limited Sets 200% Dividend, Announces AGM Date

Modison Limited , a prominent player in the Indian manufacturing sector, has announced a significant dividend payout and the date for its Annual General Meeting (AGM). The company's Board of Directors has recommended a 200% dividend, subject to shareholder approval at the upcoming AGM.

Dividend Details

The proposed dividend amounts to Rs. 2.00 per equity share with a face value of Rs. 1.00 each. This substantial payout reflects the company's strong financial performance and commitment to shareholder value.

Key Dates

Note: Dividend payment is subject to shareholder approval

Annual General Meeting

The 42nd Annual General Meeting of Modison Limited is scheduled for September 9, 2025, at 11:30 a.m. IST. The AGM will be conducted via video conference, ensuring wider participation and adherence to any prevailing health and safety guidelines.

Shareholder Eligibility

The company has set September 2, 2025, as the record date for determining shareholder eligibility for the dividend. This date will also serve as the cut-off for determining voting rights at the AGM.

Dividend Distribution Process

If approved at the AGM, the dividend will be paid to:

1. Beneficial owners of shares held in electronic form, as per the list provided by NSDL and CDSL as of the close of business on September 2, 2025.
2. Members holding shares in physical form, after accounting for valid transmission or transposition requests received by the company by the close of business on September 2, 2025.

Tax Implications

Shareholders should note that as per the Income Tax Act, 1961, as amended by the Finance Act 2020, dividends paid or distributed by a company on or after April 1, 2020, are taxable in the hands of shareholders. Modison Limited will be required to deduct tax at source (TDS) at the time of making the dividend payment.

The company has urged shareholders to update their PAN details and link their Aadhaar to their PAN to avoid higher tax deduction rates. Different TDS rates may apply depending on the residential status of the shareholder and the documents submitted to the company.

Conclusion

This dividend announcement demonstrates Modison Limited's robust financial health and its dedication to rewarding shareholders. Investors are advised to take note of the important dates and ensure their details are up to date with the company or their depository participants to facilitate smooth dividend processing and tax compliance.

Shareholders are encouraged to attend the virtual AGM and exercise their voting rights on the proposed resolutions, including the dividend declaration.