Shareholders meeting

Ref.: ML/Compliance/2026-27/34 July 21, 2026 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 : Summary of Proceedings of the 43rd Annual General Meeting of the Company Reference : Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 We are pleased to submit the summary of proceedings of the 43rd Annual General Meeting (“AGM”) of Modison Limited (“the Company”) held on Tuesday, July 21, 2026, through Video Conference and Audio Visual Means. The AGM commenced at 05:30 p.m. (IST) and concluded at 6.53 p.m. (IST) (including the time allowed for e-Voting at the AGM). The Company also facilitated the live webcast of proceedings of the 43rd AGM and recording of the same will be made available on the Company’s website at www.modisonltd.com Kindly take the same on record Thanking you. Yours faithfully, For Modison Limited Pooja Birendra Sinha Company Secretary & Compliance Officer ACS65836 Encl: As above Summary of the Proceedings of the 43rd Annual General Meeting (“AGM” / “Meeting”) of Modison Limited (the “Company”) held through Video Conferencing and Audio-Visual Means on Tuesday, July 21, 2026 ------------------------------------------------------------------------------------------------------------------------- Meeting Details: The AGM was held on Tuesday, July 21, 2026, at 5:30 p.m. (IST). The Cut-off date for e-Voting was Tuesday, July 14, 2026. The Meeting started at 5:30 p.m. and concluded at 6.53 p.m. (IST) (including the time allowed for e-Voting at the AGM). Meeting Mode: The Meeting was conducted through Video Conferencing ("VC")/Other Audio-Visual Means ("OAVM") in compliance with the applicable provisions of the Companies Act, 2013, the Rules framed thereunder, the General Circular Nos. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, 20/2020 dated May 5, 2020, and subsequent circulars issued by the Ministry of Corporate Affairs ("MCA"), the latest being General Circular No. 03/2025 dated September 22, 2025 (collectively, the "MCA Circulars"), and the Circulars issued by the Securities and Exchange Board of India ("SEBI") dated May 13, 2022, January 5, 2023, October 7, 2023, and October 3, 2024 (collectively, the "SEBI Circulars"), read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"). Deemed Venue of the Meeting 33, Nariman Bhavan, 227 Nariman Point, Mumbai 400021. Chairman: Mr. Jayant Govindrao Kulkarni, Non-Executive Independent Director of the Company took the chair. The Chairman joined the Meeting from Common Venue over VC and Audio-Visual Mode. Directors in attendance: Sr. Name of Director Designation & Chairmanship of Committee Location 1 Mr. Girdhari Lal Modi Managing Director Chairman of CSR Committee 2 Mr. Rajkumar Mohanlal Jt. Managing Director Deemed Venue over Modi Chairman of Risk Management Committee Video Conferencing 3 Mr. Kumar Jay Modi, Jt. Managing Director and Audio-Visual Mode. 4 Ms. Preeti Arvind Shah Non-Executive Independent Director 5 Mr. Nandkishore Bafna Non-Executive Independent Director Place of his Chairman of Audit Committee and Residence- Mumbai Nomination & Remuneration Committee 6 Jayant Govindrao Kulkarni Non-Executive Independent Director Michigan, USA Chairman of Stakeholder Relationship Committee Key Managerial Personnel in attendance: Sr. Name of Key Managerial Designation Location No Personnel 1 Murlidhar Narayan Nikam Chief Executive Officer Deemed Venue over 2 Mr. Ramesh Mangilal Kothari Chief Financial Officer Video Conferencing 3 Ms. Pooja Birendra Sinha Company Secretary & and Audio-Visual Mode. Compliance Officer The representatives Statutory Auditors and Secretarial Auditors were also present through VC from their respective locations. Members attending the Meeting: 40 Members had attended the Meeting virtually, in person / through authorized representatives. In terms of the circulars issued by MCA and SEBI, the requirement of appointing proxy was not applicable. Quorum: The requisite quorum as required under Section 103 of the Act was present throughout the Meeting. E-Voting during the Meeting: The Members attending the Meeting who had the right to vote but had not cast their votes through Remote e-Voting were given the opportunity to vote using the e-Voting platform of NSDL, which was activated from the beginning of the Meeting and till 30 minutes after the conclusion of the proceedings. Proceedings of the Meeting: Ms. Pooja Birendra Sinha, Company Secretary, welcomed the Members to the Meeting and briefed them on certain points relating to the participation at the Meeting The Company Secretary informed the Members that the proceedings of the 43rd Annual General Meeting were conducted through video conferencing and other audio video means in compliance with the applicable circulars issued by the Ministry of Corporate Affairs and by the Securities Exchange Board of India and a live streaming was being webcast on the website of National Depository System Limited (“NSDL”). The Company had taken requisite steps to enable Members to participate and vote on the items of businesses considered at the AGM. The requisite quorum for the Meeting being present, the Chairman, Mr. Jayant Govindrao Kulkarni, called the Meeting to order. Statutory Registers under the Act, and other relevant documents as required to be kept open in terms of the resolutions provided in the Notice of AGM, were available for inspection of the Members electronically. Since, the Auditor’s Report on the Financial Statements (Standalone as well as Consolidated) for the year ended March 31, 2026, did not have any qualifications, reservations, observations, adverse remarks or disclaimer, the same was not required to be read. Also, the Notice convening the Meeting along with text of resolutions and explanatory statements were taken as read. In his opening remarks, the Chairman provided a brief overview of the Company's performance during the financial year, highlighted its commitment to operational excellence, innovation, sustainability, and corporate governance, expressed appreciation to all stakeholders for their continued support, and reaffirmed the Company's focus on long term value creation and future growth. Mr. Murlidhar Narayan Nikam, the CEO, then proceeded with a comprehensive presentation to the Members. He provided a concise overview on key highlights and financial performance for the financial year 2025-26. Additionally, he discussed on the growth, assessed the business performance and highlighted the awards and recognitions received by the Company. Furthermore, he also emphasizes key areas such as strategic initiatives, the Company's work culture, Corporate Social Responsibility (CSR) activities, and sustainability initiatives. Pursuant to the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Company had provided the Remote e- Voting facility to the Members in respect of businesses to be transacted at the AGM. The Remote e-Voting commenced at 9.00 a.m. on Friday, July 17, 2026 and ended at 5:00 p.m. on Monday, July 20, 2026. Further, the Company had also provided the facility for e-Voting during the AGM on all the resolutions to facilitate the Members who had not cast their votes earlier through Remote e-Voting. The Board of Directors had appointed Mrs. Ragini Chokshi of M/s. Ragini Chokshi & Associates, Practicing Company Secretaries as the Scrutinizer to scrutinize the Remote e-Voting process before the AGM as well as e-Voting process during the AGM. The following resolutions as set out in the Notice convening the AGM were put to vote by Remote e-Voting and e-Voting at the Meeting: Business Nature of Resolution Reso [Showing first 8,000 characters — download PDF for full document]