MODISON LIMITED — Important, 14-02-2025: Updates

The Board of Directors of Modison Limited has acknowledged the fine imposed by the BSE and NSE due to a delay in compliance regarding prior intimation for a Board meeting held in November 2024. The Board discussed the matter, concluding that the delay was unintentional and beyond the company’s control. They emphasized the importance of ensuring timely compliance going forward. The company has already settled the fines as required. This incident highlights the need for stringent adherence to regulatory timelines, which could affect investor confidence if repeated, thus presenting a potential risk that stakeholders should monitor closely.