5062612025-04-012025-06-305062612025-06-305062612025-04-012025-06-30CompositionOfBoardOfDirectors15062612025-06-30CompositionOfBoardOfDirectors15062612025-04-012025-06-30CompositionOfBoardOfDirectors25062612025-06-30CompositionOfBoardOfDirectors25062612025-04-012025-06-30CompositionOfBoardOfDirectors35062612025-06-30CompositionOfBoardOfDirectors35062612025-04-012025-06-30CompositionOfBoardOfDirectors45062612025-06-30CompositionOfBoardOfDirectors45062612025-04-012025-06-30CompositionOfBoardOfDirectors55062612025-06-30CompositionOfBoardOfDirectors55062612025-04-012025-06-30CompositionOfBoardOfDirectors65062612025-06-30CompositionOfBoardOfDirectors65062612025-04-012025-06-30CompositionOfCommittees145062612025-06-30CompositionOfCommittees145062612025-04-012025-06-30CompositionOfCommittees155062612025-06-30CompositionOfCommittees155062612025-04-012025-06-30CompositionOfCommittees165062612025-06-30CompositionOfCommittees165062612025-04-012025-06-30CompositionOfCommittees415062612025-06-30CompositionOfCommittees415062612025-04-012025-06-30CompositionOfCommittees425062612025-06-30CompositionOfCommittees425062612025-04-012025-06-30CompositionOfCommittees435062612025-06-30CompositionOfCommittees435062612025-04-012025-06-30CompositionOfCommittees685062612025-06-30CompositionOfCommittees685062612025-04-012025-06-30CompositionOfCommittees695062612025-06-30CompositionOfCommittees695062612025-04-012025-06-30CompositionOfCommittees705062612025-06-30CompositionOfCommittees705062612025-04-012025-06-30CompositionOfCommittees955062612025-06-30CompositionOfCommittees955062612025-04-012025-06-30CompositionOfCommittees965062612025-06-30CompositionOfCommittees965062612025-04-012025-06-30CompositionOfCommittees975062612025-06-30CompositionOfCommittees975062612025-04-012025-06-30CompositionOfCommittees985062612025-06-30CompositionOfCommittees985062612025-04-012025-06-30CompositionOfCommittees1225062612025-06-30CompositionOfCommittees1225062612025-04-012025-06-30CompositionOfCommittees1235062612025-06-30CompositionOfCommittees1235062612025-04-012025-06-30CompositionOfCommittees1245062612025-06-30CompositionOfCommittees1245062612025-04-012025-06-30CompositionOfCommittees1495062612025-04-012025-06-30CompositionOfCommittees1505062612025-04-012025-06-30CompositionOfCommittees1515062612025-04-012025-06-30CompositionOfCommittees1525062612025-06-30MeetingOfBoardOfDirectors15062612025-04-012025-06-30MeetingOfBoardOfDirectors15062612025-06-30MeetingOfBoardOfDirectors25062612025-04-012025-06-30MeetingOfBoardOfDirectors25062612025-04-012025-06-30MeetingOfCommittees15062612025-06-30MeetingOfCommittees15062612025-04-012025-06-30MeetingOfCommittees25062612025-06-30MeetingOfCommittees25062612025-04-012025-06-30MeetingOfCommittees35062612025-06-30MeetingOfCommittees35062612025-04-012025-06-30MeetingOfCommittees45062612025-06-30MeetingOfCommittees45062612025-04-012025-06-30MeetingOfCommittees55062612025-06-30MeetingOfCommittees55062612025-04-012025-06-30MeetingOfCommittees65062612025-06-30MeetingOfCommittees65062612025-04-012025-06-30MeetingOfCommittees75062612025-06-30MeetingOfCommittees75062612025-03-315062612025-06-30OngoingTaxLitigationsOrDisputesDomain15062612025-06-30OngoingTaxLitigationsOrDisputesDomain25062612025-06-30OngoingTaxLitigationsOrDisputesDomain35062612025-06-30OngoingTaxLitigationsOrDisputesDomain45062612025-06-30OngoingTaxLitigationsOrDisputesDomain55062612025-06-30OngoingTaxLitigationsOrDisputesDomain65062612025-06-30OngoingTaxLitigationsOrDisputesDomain75062612025-06-30OngoingTaxLitigationsOrDisputesDomain85062612025-06-30OngoingTaxLitigationsOrDisputesDomain95062612025-06-30OngoingTaxLitigationsOrDisputesDomain10xbrli:pure506261MODISONLTDNOTLISTEDINE737D01021MODISON LIMITED2025-04-012026-03-31Quarterly2025-06-30EquitytruetruefalseThere were no such instance of acquisition of shares or voting rights by the Company in an unlisted company during quarter ended June 30, 2025falseThere were no such instance of imposition of fine/penalty on the Company during quarter ended June 30, 2025.truetrueTop 2000 listed entitiestrueM00253OriginaltruefalseMrGirdhari Lal Modi******00027373Executive DirectorNot ApplicableMD1941-06-04falseActiveNA1997-01-012024-07-091010MrRajkumar Mohanlal Modi******00027449Executive DirectorNot ApplicableMD1965-03-08falseActiveNA1998-06-092022-04-011020MrKumar Jay Modi******00059396Executive DirectorNot ApplicableMD1978-12-05falseActiveNA2012-04-012023-05-251000MrAshok Shantilal Jatia******07209136Non-Executive - Independent DirectorNot Applicable1958-10-29falseActiveNA2015-11-022015-11-02115.281122MrJayant Govind Kulkarni******00348942Non-Executive - Independent DirectorChairperson1954-10-27falseActiveNA2022-11-092022-11-0931.211110MsPreeti Arvind Shah******00020287Non-Executive - Independent DirectorNot Applicable1954-08-30falseActiveNA2024-08-132024-08-1310.171100truetruetruetruetrueAudit Committee07209136Ashok Shantilal JatiaNon-Executive - Independent DirectorChairperson2015-11-02Audit Committee00348942Jayant Govind KulkarniNon-Executive - Independent DirectorMember2022-11-09Audit Committee00027449Rajkumar Mohanlal ModiExecutive DirectorMember2003-01-31Nomination and remuneration committee07209136Ashok Shantilal JatiaNon-Executive - Independent DirectorChairperson2015-11-02Nomination and remuneration committee00348942Jayant Govind KulkarniNon-Executive - Independent DirectorMember2024-02-13Nomination and remuneration committee00020287Preeti Arvind ShahNon-Executive - Independent DirectorMember2024-08-13Stakeholders Relationship Committee07209136Ashok Shantilal JatiaNon-Executive - Independent DirectorChairperson2016-11-14Stakeholders Relationship Committee00027373Girdhari Lal ModiExecutive DirectorMember2003-01-31Stakeholders Relationship Committee00027449Rajkumar Mohanlal ModiExecutive DirectorMember2003-01-31Risk Management Committee00027449Rajkumar Mohanlal ModiExecutive DirectorChairperson2024-11-05Risk Management Committee00059396Kumar Jay ModiExecutive DirectorMember2024-11-05Risk Management Committee00348942Jayant Govind KulkarniNon-Executive - Independent DirectorMember2024-05-29Risk Management Committee99999999Murlidhar Narayan NikamChief Executive OfficerMember2024-05-29DIN not applicable for Mr. Murlidhar Nikam, CEO of the Company.Corporate Social Responsibility Committee00027373Girdhari Lal ModiExecutive DirectorChairperson2014-05-26Corporate Social Responsibility Committee00027449Rajkumar Mohanlal ModiExecutive DirectorMember2020-11-10Corporate Social Responsibility Committee07209136Ashok Shantilal JatiaNon-Executive - Independent DirectorMember2024-02-13Other Committee00027373Girdhari Lal ModiFinance CommitteeExecutive DirectorChairpersonOther Committee00027449Rajkumar Mohanlal ModiFinance CommitteeExecutive DirectorMemberOther Committee00059396Kumar Jay ModiFinance CommitteeExecutive DirectorMemberOther Committee07209136Ashok Shantilal JatiaFinance CommitteeNon-Executive - Independent DirectorMember2025-02-13true6632025-05-27102true652Audit Committee2025-02-13true3320Audit Committee2025-05-27102true3320Corporate Social Responsibility Committee2025-02-10true3310Corporate Social Responsibility Committee2025-05-27105true3310Risk Management Committee2025-02-10true3311Stakeholders Relationship Committee2025-02-121true3310Nomination and remuneration committee2025-02-130true3330truetruetruetrueYestruetruetruePooja Birendra SinhaCompany Secretary and Compliance OfficerfalsePooja Birendra SinhaCompany Secretary and Compliance OfficerMumbai2025-07-3000000The Company wishes to clarify that it inadvertently failed to disclose certain tax litigations in the Corporate Governance Reports submitted for the quarters ended December 31, 2024, and March 31, 2025. The omission was purely unintentional and occurred due to oversight during the compilation of the reports. There was no intention to conceal any information from shareholders or investors. The Company remains committed to maintaining the highest standards of corporate governance and transparency. Steps have been taken to strengthen internal review processes to ensure that such oversights do not recur in the future.Principal Commissioner of Income Tax (3)2012-12-07-The Principal Commissioner of Income tax has filed an appeal with Bombay High Court, against the order of received from the Income Tax Appellant Tribunal with respect to the disallowance of additional depreciation of Rs. 25,11,405/- for the Assessment year 2010-11.The Assistant Commissioner of Income Tax, TDS, TDS Circle 1(3), Mumbai2021-03-31-An appeal was filed with Commissioner of Income tax (Appeals) on April 21, 2021 by the Company against the Order dated March 31, 2021, passed by the Office of Assistant Commissioner of Income Tax, TDS [TDS Circle 1(3), Mumbai] for the assessment year 2014-15, directing the Company to pay Rs. 36,79,149/- as per the provision of section 201(1)/(1A) of Income Tax Act. Consequent upon the aforementioned appeal filed by the Company, an revised order was received on November 29, 2021, directing the Company to pay Rs. 32,788/- instead of Rs. 36,79,149/- from Assistant Commissioner of Income Tax, TDS [TDS Circle 1(3), Mumbai]. Subsequently, on the receipt of aforementioned revised order dated November 29 , 2021, an further Appeal was filed with National Faceless Appeal Centre(NFAC) of Income Tax Department on December 10, 2021. As per the direction received from Additional/Joint Commissioner Income Tax (Appeals)-1, Noida on January 02, 2025, the Company has submitted requisite documents/details to the concerned authority on January 17, 2025, and the matter is pending before Appellate Authority for final Order Commissioner of Income Tax-TDS, TDS Range 1(3), Mumbai2022-03-14-A Notice dated March 14, 2022 and August 12, 2022 were received by the Company for u/s 201(1) and 201(1A) of the Income Tax Act for non-deduction of TDS directing to pay Rs. 1,05,344/- for the assessment year 2016-17. The contentions made by the Company against the aforesaid notices were not accepted by the Commissioner of Income Tax-TDS. Company has files an appeal before Additional/Joint Commissioner (A)-9 Delhi, on August 16, 2024, against the Order issued by Commissioner of Income Tax-TDS and upon the direction of Appellate Authority a written submission was being made April 17, 2025 by the Company. In the aforementioned matter Order is awaited. Assessment Unit, Income Tax Department2023-04-19-An Order was passed by the Commissioner of Income Tax, Circle 3(2)(1), Mumbai, on December 12, 2018, disallowing the depreciation claimed by the Company in the Assessment year 2016-17. Further the said case by re-opened for assessment u/s 148 of the Income tax Act, 1961, based on the fact Company failed to deduct tax on interest remittance made outside India, subsequently various contentions were made by the Company and objected the grounds of reopening of the case, which stood rejected by the Assessing Officer vide Order dated July 21, 2022. Aggrieved by the Order dated May 16, 2025, passed by the Assessment Unit, Income Tax Department an appeal was filed with National Faceless Appeal Centre (NFAC) of Income Tax Department May 27, 2023, by the Company. The appeal was partly allowed The Company has received show cause notice from the Income tax department on July 10, 2025, and has successfully responded to the same on July 15, 2025. Assessment Unit, Income Tax Department2022-09-28-CIT(A) has order passed under section 143(3) read with section 144B of Income Tax Act, agisnt the Appeal filed by the Company on October 27, 2022, which was partially in our favour. The effect of the order is pending to be given by Assessing Officer.The State of Gujarat2016-03-05-Gujarat Vat tribunal remanded back the case to fit appellate authority Rs. 30,68,668/- [FY 2011-12)Assistant Commissioner of Commercial Tax Unit-73, Vapi2012-03-06-The Company has filed an Appeal which is pending for hearing before the Deputy Commissioner of Commercial Tax in the matter related to C, H and I Form.Assistant Commissioner of State Tax2025-03-29-The Company has filed an Appeal with Dy. Commissioner of Sales Tax DIV-8 Surat and has obtained Stay Order against the demand after paying Rs. 16,34,263/- [The matter relates to Financial Year 2016-17]Assistant Commissioner of State Tax2025-03-29-The Company has filed an Appeal with Dy. Commissioner of Sales Tax DIV-8 Surat and has obtained Stay Order against the demand after paying Rs. 3,39,415/- [The matter relates to Financial Year 2016-17]Additional Commissioner GST & Central Excise2019-01-31-The Additional Commissioner, Central Excise & Service Tax, Valsad, Commissionerate raised demand for FY 2012-13 to FY 2015-16 of ₹ 10,85,77,966/- (Including interest and penalty) in respect of Exempted Goods and goods returned back. The company had filed an appeal against the impugned order with Commissioner (Appeals), Office of the Commissioner of CGST & Central Excise Commissionerate, Surat. The Commissioner (Appeals) had passed an order in favour of the company. Against the order of Commissioner (Appeals) the Department has filed second appeal with The Customs, Excise and Service Tax Appellate Tribunal (CESTAT). The Management of the company is of the view that there will not be any cash outflow against the said order.