Modison HV Private Limited ceases to be wholly owned subsidiary after sale to promoters
The company has completed the transfer of its entire shareholding in Modison HV Private Limited, which ceased to be a wholly owned subsidiary from close of business on September 21, 2026.
- Consideration Received
- Rs. 27,68,000/-
- Subsidiary Total Income (FY ended March 31, 2026)
- Nil
- Subsidiary Net Worth
- Rs. 28,25,790.00
- Date of Cessation
- September 21, 2026
- Buyers
- Mr. Girdhari Lal Modi and Mr. Kumar Jay Modi (Promoter/Promoter Group)
What is Modison buying or selling?
✂️ What happened
Modison Limited has completed the transfer of its entire shareholding in its wholly owned subsidiary, Modison HV Private Limited. As a result, the entity ceased to be a wholly owned subsidiary with effect from the close of business hours on Monday, September 21, 2026. This follows an earlier intimation dated August 13, 2026.
💰 Deal numbers
- Total consideration received: Rs. 27,68,000/- (Rupees Twenty-Seven Lakh Sixty-Eight Thousand only)
- Subsidiary's Total Income for FY ended March 31, 2026: Nil
- Subsidiary's Net worth: Rs. 28,25,790.00
- Date of completion of sale: September 21, 2026
👥 Who bought it
- Mr. Girdhari Lal Modi
- Mr. Kumar Jay Modi
Both are members of the Promoter / Promoter Group of the company. The company states the transaction constitutes a Related Party Transaction undertaken on an arm's length basis under the Companies Act, 2013 and SEBI LODR.
🔎 Company's own view on impact
The company states the subsidiary was not a material subsidiary under SEBI LODR, and has not been operative since its acquisition. Accordingly, the company says the cessation will not have any impact on its revenue or business. No separate agreement for sale was entered into between the company and the purchasers for this transaction.
🧭 How investors may read it
The scale is small — consideration of Rs. 27,68,000/- against a subsidiary with Nil income. The point of interest for shareholders is that the buyers are promoters, which makes it a related party transaction; the company has stated it was done at arm's length. Operationally, it is a tidying up of a dormant entity rather than a change in the core business.
More numbers
- Total consideration receivedRs. 27,68,000/-
- Subsidiary net worth (FY ended Mar 31, 2026)28,25,790.00
- Subsidiary Total Income (FY ended Mar 31, 2026)Nil
- Number of buyers2
Not investment advice. ScoutQuest reports what companies say.