Modison Limited informed that the Company incorporated a Wholly Owned Subsidiary Company named as "MODISON HITECH PRIVATE LIMITED" on July 14, 2023. The details as required under Regulation 30 of the Listing Regulations read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is attached herewith as Annexure-A. MODISON HITECH PRIVATE LIMITED would manufacture other electrical Equipment.

Newly Incorporated WOS will have the following Object: To carry on the business of manufacture of other electrical equipment, processors and dealers in medium and high voltage electrical contacts, contacts for other industries, products for automotive, engineering, aerospace, marine, defence and railway. Products/Line of Business: To Camry on the business of manufacture of other electrical equipment, processors and dealers in medium and high voltage electrical contacts, contacts for other industries, products for automotive, engineering, aerospace, marine, defence and railway.