Modison Limited announced that Board of Directors at meeting held on February 8, 2023 approved Mr. Ashok Jatia stepping down from the position of the chairperson of the Board effective from February 8, 2023. However, Mr. Ashok Jatia continues to be on the Company's Board as Non-Executive & Independent Director. Further board has approved the appointment of Mr. Jayant Govindrao Kulkarni who was Non-Executive & Independent Director of the Company to act as chairperson as well on the Board.