Reply to Clarification- Financial results

MANU FACTURER OF ELECTRICAL CONTACTS FOR LV, MV, HV & EHV SWITCHGEAR INDUSTRIES M DIDJ05DN 33 -Nariman Bhavan, 227 -Nariman Point, Mumbai -400021 India T: +91-22-2202 6437 F: +91-22-2204 8009 L IMITED E: sales@modison.comW:www.modison.com Gin No.: L51900MH1983PLC029783 ISO 90 IS0 O1 = 5IS 00O 14001 (Formerly known as MODISON METALS LIMITED) Ref.: ML/Compliance/2026-27/15 June 20, 2026 The Listing Compliance Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol: MODISONLTD Dear Sir/Madam, Subject : Reply to Query regarding Outcome of Board Meeting – Financial Results submitted on 22-May-2026 With reference to your communication regarding the deficiencies observed in the Outcome of Board Meeting – Financial Results submitted by the Company on May 22, 2026, we wish to submit the following: 1. We are hereby submitting the Financial Results in machine-readable and legible format as requested. 2. We are also enclosing the Declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that the Statutory Auditors of the Company have issued an unmodified audit opinion on the financial statements/results for the financial year ended 31 March 2026. The above documents are enclosed herewith for your records and necessary action. We request you to kindly take the same on record and treat the query as complied with. Thanking you. Yours faithfully, For Modison Limited Pooja Birendra Sinha Company Secretary & Compliance 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 L IM I TE D Regd. Office:- 33-Nariman Bhavan, 227-Nariman Point, Mumbai -400021 Te: +91 22 2202 6437 Fax: +91 22 2204 8009 Email:shareholder@modison.com Web: www.modison.com CIN: L51900MH1983PLC029783 (f in Lakhs)-Except EPS Statement of audited Standalone Financial Results for the Quarter & Year Ended 31st March 2026 Sr Particulars Quarter Ended Year Ended (Audited) (Unaudited) (Audited) (Audited) (Audited) 31-03-2026 31-12-2025 31-03-2025 31-03-2026 31-03-2025 1 Income al Revenue from Operations 28 731.89 14,371.22 13,006.55 71 032.89 49,024.08 (b) Other Income 180.07 92.94 156.14 567.26 325.46 Total Income from operations 28,911.96 14,464.16 13,162.69 71,600.15 49,349.54 2 Expenses: a) Cost of Materials consumed 23,719.89 14,084.06 9,972.65 61,899.23 41,117.34 b) Purchase of Stock-in-trade . . - . - c) Changes in Inventory of Finished goods, (3,880.22) (3,206.55) (22.74) (8,985.51) (2,511.56) Work-in-progress and Stock-in-trade d) Employee Benefits Expenses 694.42 728.41 635.69 2,720.21 2,489.14 e) Finance Cost 290.80 209.87 169.32 870.76 582.80 f) Depreciation and Amortisation expense 254.77 242.52 241.07 965.02 801.45 g) Other expenses 1,059.70 871.33 883.52 3,605.90 3,407.95 Total Expenses 22,139.36 12,929.64 11,879.51 61,075.61 45,887.12 3 Profit I (Loss) from ordinary activites 6,772.60 1,534.52 1,283.18 10,524.54 3,462.42 before Exceptional items (1-2) 4 Exceptional Items (Refer Note 3 and Note 6) (1 992.45 1,170.39 20.59 (830.86) (108.32) 5 Profit I (Loss) before tax (3 +/-4) 4,780.15 2,704.91 1,303.77 9,693.68 3,354.10 6 Tax Expense -Current tax 1,202.02 702.00 339.33 2,487.02 792.69 -Deferred tax (25.22) (3.31) 10.64 (48.66) 93.39 Total Tax Expenses 1,176.80 698.69 349.97 2,438.36 886.08 7 Profit I (Loss) for the period (5 +/-6) 3,603.35 2,006.22 953.80 7,255.32 2,468.02 8 Other Comprehensive Income, net of income tax A. (i) Items that will not be reclassified to Profit 73.97 (54.98) 1.53 11.87 (11.75) or Loss (ii) fncome tax relating to items that will not . - (0.28) - (0.28) be reclassified to profit or loss B. (i) Items that will be reclassified to Profit or - - - - - Loss (ii) Income tax relating to items that will be - - - reclassified to profit or loss Total Other Comprehensive Income, net of 73.97 (54.98) 1.25 11.87 (12.03) income tax 9 Total Comprehensive Income for the 3,677.32 1,951.24 955.05 7,267.19 2,455.99 Ip eriod (8 +/-7) 10 Paid-up equity share capital ( face value of 324.50 324.50 324.50 324.50 324.50 Rs 1/ -oer share l 11 Other Equity - - - 27,137.96 21,331.01 12 Earning per share (EPS) (of Rs 1/-each) not annualised) Basic/ Diluted EPS ( in Rupees) 11.10 6.18 2.94 22.36 7.61 M@ D!I lfj) @INJ L JM I TE D Notes: 1) The above audited standalone financial results of the Company for the quarter and Year ended March 31, 2026 have been reviewed by the Audit Committee of the Board and approved by the Board of Directors in their respective meetings held on 22 May 2026. The Statutory Auditors of the Company have carried out the audit of the aforesaid results. 2) The audited standalone financial results have been prepared in accordance with Indian Accounting Standards (Ind AS), the provisions of the Companies Act, 2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI). 3) Exceptional Item for the period(s) represents profiV(loss) on Hedging of Silver in stock of the company, mark to market of forward contracts and loss due to fire as given below: (f in Lakhs) Particulars Quarter Ended Year Ended (Audited) (Unaudited) (Audited) (Audited) (Audited) 31-03-2026 31-12-2025 31-03-2025 31-03-2026 31-03-2025 ProfiV(Loss) on Hedging of Silver in stock (950.52) 1,137.27 - 261.23 (169.57) (Loss) due to Fire (1,063.46) - - (1,063.46) - ProfiV(Loss) on mark to market of forward 21.53 33.12 20.59 (28.63) 61.25 contracts Total (1,992.45) 1,170.39 20.59 (830.86) (108.32) 4) As the Company's business activity falls within a single Primary segment viz. : "Manufacturing of Electrical Contacts" the disclosure requirement of Indian Accounting Standard (IND AS-108) "Segment Reporting" is not applicable. 5) On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with Ind AS 19-Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss. The Group has assessed the financial implications of these changes which has resulted in increase in gratuity liability arising out of past service cost and leave encashment totaling to Rs.98.95 Lakhs and the same has been recognised in the consolidated financial results for the year ended March 31, 2026. The Group continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of the employee benefits liability. 6) The Board has recommended final dividend of Rs.3/-per equity share (i.e 300%) of the face value of Re. 1 each for the financial year ended March 31, 2026. 7) On 7th February 2026 there was a fire incident at the factory and items of property plant and equipment (PPE)° and inventory were lost due to fire. The Company has charged off the written down value 0/VDV) of PPE, cost of inventory and Goos & Service Tax (GST) for Inventories on the same, total amounting to Rs. 1,063.46 Lakhs 0/VDV of PPE Rs.153.58 Lakhs, Cost of Inventory Rs.867.46 Lakhs and GST Rs.42.42 Lakhs) which is shown under the head "Exceptional Items". The Company has lodged claim with Insurance Company of Rs. 1801.95 and has received preliminary confirmation for part paymnet of Rs. 170.00 Lakhs towards loss of PPE which has been accounted as other Income. The other claim towards loss of Inventory, balance claim towards PPE and Goods & Service Tax for Inventory is in process with the Insurer. 8) The figures for quarter ended March 31, 2026 and March 31, 2025 are balancing figures between the audited figures of the full financial year and the reviewed year-to-dale figures up to the third quarter of the relevant financial year. 9) Corresponding figures of the previous year's/quarter's/period's have been regrouped, recaste [Showing first 8,000 characters — download PDF for full document]