Modison Declares ₹4 Interim Dividend; Shares Fall 5%

Mumbai, October 16: Modison Limited has declared an interim dividend of ₹4 per equity share for the financial year 2026–27, following a board meeting on Friday. The company has set October 23, 2026, as the record date to determine shareholders eligible for the dividend.

The dividend represents 400% of the face value of ₹1 per equity share. The board also approved the company’s unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, along with the limited review report.

Modison Dividend 2026: Key Details

The interim dividend is subject to shareholders meeting the eligibility requirements based on the record date. Investors holding eligible shares as of October 23, 2026, will qualify for the announced payout, subject to applicable settlement and regulatory requirements.

The company disclosed the dividend and record date in its October 16 board meeting outcome. The announcement did not specify the payment date in the disclosed details.

Stock Market Snapshot

The Modison share price was trading 5% lower at ₹499.25 on Friday, October 16, compared with the previous close of ₹525.50. The stock opened at ₹529.90.

The shares declined despite the dividend announcement. The price movement alone does not establish that the dividend or board meeting outcome caused the fall.

About Modison Limited

Modison Limited manufactures specialised electrical contact materials and components used in electrical switching and power distribution equipment.

Conclusion

Modison has announced a ₹4 interim dividend for FY27, with October 23 set as the record date. Investors will also track the company’s September-quarter financial results for further insight into its performance.

Source:

• https://www.nseindia.com/get-quote/equity/MODISONLTD/MODISON-LIMITED
• https://nsearchives.nseindia.com/corporate/MODISNME_16102026145054_Modison_Result.pdf