Modulex Construction Technologies Limited has scheduled its 53rd Annual General Meeting for Thursday, July 23, 2026, at 12:30 P.M. IST via Video Conferencing. The meeting will transact ordinary business, including the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of Ajay Palekar as Managing Director. The record date for determining member eligibility for the AGM notice is June 26, 2026.

The board has recommended the re-appointment of Ajay Palekar, who retires by rotation and is eligible for re-appointment. Palekar, who holds 2,23,048 shares in the company, was first appointed to the board on March 10, 2018. The proposed remuneration for the re-appointment is ₹24,00,000 per annum, though he had voluntarily waived his salary during the previous financial year due to the company's losses.

In compliance with Ministry of Corporate Affairs circulars, the AGM will be held entirely through Video Conferencing or Other Audio Visual Means without a physical venue. Consequently, the facility for appointing proxies is not available. The deemed venue for the meeting is the company's Registered Office at A-82, MIDC Industrial Estate, Indapur, Pune.

Shareholders can participate in remote e-voting from July 20, 2026, at 9:00 AM to July 22, 2026, at 5:00 PM. Members holding shares in demat form can vote through their depository accounts using CDSL Easi or NSDL IDeAS facilities. Those holding physical shares or non-individual shareholders must log in to www.evotingindia.com . The company has appointed Mr. Dharmesh Zaveri of M/s. D. M. Zaveri & Co as the Scrutinizer for the e-voting process.

The Register of Members and Share Transfer books will remain closed from Friday, July 17, 2026, to Thursday, July 23, 2026, both days inclusive. Members seeking information or clarifications on the accounts are requested to write to the company at least seven days in advance of the meeting.

Modulex Construction Technologies Limited has announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The Board of Directors, in its meeting held on May 22, 2026, approved the results alongside the appointment of an internal auditor and the scheduling of the 53rd Annual General Meeting for July 23, 2026.

Standalone Financial Performance

For the financial year ended March 31, 2026, the company reported a standalone net loss of ₹44.33 lakh, a significant reduction from the net loss of ₹177.25 lakh recorded in the previous year. Total income for the year stood at ₹250.09 lakh, up from ₹18.87 lakh in FY25, driven primarily by other income which rose to ₹250.09 lakh from ₹18.87 lakh. Revenue from operations remained nil for both periods. Total expenses increased to ₹294.42 lakh from ₹196.12 lakh in the prior year.

In the quarter ended March 31, 2026, the company reported a standalone net profit of ₹7.50 lakh, compared to a net loss of ₹56.24 lakh in the corresponding quarter of the previous year. Total income for the quarter was ₹80.37 lakh, while total expenses were ₹72.87 lakh.

Consolidated Financial Performance

On a consolidated basis, the company reported a net loss of ₹1482.58 lakh for FY26, compared to a profit of ₹487.37 lakh in the previous year. Total income from operations decreased to ₹203.01 lakh from ₹1307.77 lakh in FY25. Total expenses for the year rose to ₹1685.60 lakh from ₹844.60 lakh. For the quarter ended March 31, 2026, the consolidated net loss was ₹280.09 lakh, compared to a loss of ₹272.63 lakh in the same period last year.

Key Developments and Capital Raising

The company provided updates on its fund-raising activities via preferential issue of warrants. As of March 31, 2026, the company had received a total of ₹4723.10 lakh towards application money, first call, and second call money for the convertible warrants. The proceeds are intended to be utilized as a loan to its subsidiary, Modulex Modular Buildings Private Limited, for the construction of a factory at Indapur, Pune. The Board confirmed there was no deviation or variation in the utilization of these funds.

Corporate Governance

The Board appointed M/s. MJS & Co., LLP, Chartered Accountants, as the internal auditor for the financial year 2026-27. Additionally, the Board fixed the record date for the Annual General Meeting, with the Register of Members and Share Transfer Register remaining closed from July 16, 2026, to July 23, 2026.

Financial Summary

The following table outlines the standalone financial performance for the year ended March 31, 2026:

The auditors, M/s. Dhadda & Associates, issued an unmodified opinion on the standalone and consolidated financial results, while also highlighting material uncertainties related to the company's ability to continue as a going concern due to current liabilities exceeding current assets.