General Updates

SYSTE, MANUFACTURER OF ELECTRICAL CONTACTS FOR LV, MV, HY & EHY SWITCHGEAR INDUSTRIES. 0‘@“ ey, 33 - Nariman Bhavan, 227 - Nariman Point, M@UIE@M Mumbai - 400021 India T: +91-22-2202 6437 F: +91-22-2204 8009 LIMITED E: sales@modison.com W: www.modison.com 1509901 = 150 14001 150 45001 Cin No.: L51900MH1983PLC029783 October 28, 2026 Listing / Compliance Department Listing/Compliance Department BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai — 400 001 Bandra (East), Mumbai — 400 051 Scrip Code: 506261 Symbol: MODISONLTD Dear Sir/Madam, Subject: Intimation for Product Development pursuant to Regulation 30 SEBI (Listing Obligations and Disciosure Requirements) Regulations, 2015. Pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has developed new product Silver— Tungsten Carbide Technology Electrical Contacts for Railway Signalling Relays - Significant Domestic and Export Growth Opportunity. The details required under Regulation 30 of the Listing Regulations read with applicable SEBI circular(s) in respect of New Product Development is as under: Sr. Particulars Information of such Events 1 Name & details of the Product As per Attached Annexure-1 2 Date of Development 28" October 2026 3 Whether caters to Both Domestic as well as International 1 domestic/international Market Market Please take the above information on your records. Thanking you. Yours faithfully, For Modison Limited Murlidhar Narayan Nikam Chief Executive Officer Encl: As Above Works: Plot No. 85A, B, D, E & 2923, 2924 A & B, 'E’ Road, Phase 1, GIDC, Vapi - 396195, Dist. Valsad, Gujarat, india MANUFACTURER OF ELECTRICAL CONTACTS FORLY, MV, HV & EHV SWITCHGEAR INDUSTRIES. e ST ey, 33 - Nariman Bhavan, 227 - Nariman Point, % — Mflflflgflm Mumbai - 400021 India \\ DNV T: +91-22-2202 6437 F: +91-22-2204 8009 \ LIMITED E: sales@modison.com W: www.madison.com 1565=500 0140101 Cin No.: L51900MH1983PLC029783 a0 st Annexure-1 We are pleased to announce that Modison Limited has successfully developed Silver— Tungsten Carbide technology electrical contacts for railway signalling relays. This development marks an important technological milestone for the Company and refiects its continued commitment to research and development, material science, engineering excellence and innovation in specialised electrical contact solutions, Domestic Market Opportunity Railway signalling relays are critical components of railway signalling infrastructure, where reliable electrical contact performance and durability are essential operating requirements. Based on the Company's industry assessment, the estimated annual Indian market opportunity for Silver-Tungsten Carbide technology electrical contacts used in railway signalling relays is approximately 2250 crore. This presents an opportunity for Modison to expand its presence in specialised electrical contact applications and pursue a larger share of this market. International Export Opportunity The development of this technology also opens up potential opportunities for Modison to explore international markets for specialised electrical contacts used in railway signalling applications. The Company intends to evaluate opportunities with overseas relay manufacturers and other relevant customers, subject to applicable technical specifications, customer requirements, regulatory considerations and commercial viability. International export opportunities could provide an additional avenue for business expansion beyond the domestic market. Potential Contribution to Revenue and Profitability The deveiopment of Silver-Tungsten Carbide technology electrical contacts represents a strategic growth opportunity for Modison Limited. With an estimated annual domestic market opportunity of approximately ¥250 crore, alongside potential international export opportunities, the technology has the potential to contribute significantly to the Company's future top-line growth and profitability as commercial opportunities are realised. The extent and timing of the financial contribution will depend on customer adoption, market penetration, sales volumes, product realisations and prevailing business conditions. Commitment to Technology and Innovation This achievement reflects the dedication and technical capabilites of the Company's Research & Development, Technology, Quality, Manufacturing and Engineering teams. Modison Limited remains committed to investing in technology and innovation, expanding its portfolio of specialised electrical contact solutions and pursuing opportunities that support sustainable growth and long-term stakeholder value. Works: Plot No. 85A, B, D, E & 2923, 2924 A& B, ‘E' Road, Phase 1, GIDC, Vapi - 396195, Dist. Valsad, Gujarat, India