Modulex Construction Technologies Limited has successfully concluded its postal ballot process, with shareholders approving both proposed resolutions through remote e-voting that ended on December 17, 2025. The company announced the results on December 18, 2025, marking the completion of significant corporate actions initially proposed in November.

Postal Ballot Results Overview

The remote e-voting period commenced at 9:00 AM IST on November 18, 2025, and concluded at 5:00 PM IST on December 17, 2025. The voting results were scrutinized by Dharmesh Zaveri of D.M. Zaveri Co., Company Secretaries, who served as the appointed scrutinizer for the process.

Resolution 1: Director Appointment Approved

Shareholders overwhelmingly approved the appointment of Mrs. Sudha Prajapati (DIN: 01387259) as a Non-Executive Independent Director. The resolution received strong support across all categories of shareholders.

Resolution 2: Preferential Share Issue Approved

The second resolution for issuing equity shares to promoter and non-promoter categories on a preferential basis also received approval. This resolution was passed as a special resolution with requisite majority support.

Strategic Implications

The approval of these resolutions enables Modulex Construction Technologies to proceed with its planned corporate restructuring. The preferential share issue, involving 19,22,512 equity shares at ₹25.00 per share, will facilitate the company's acquisition of an additional 16.22% stake in Give Vinduet Windows and Doors Private Limited, increasing its holding from 83.75% to 99.97%.

Compliance and Documentation

The postal ballot process was conducted in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013. Central Depository Services Limited (CDSL) provided the remote e-voting facility, ensuring a transparent and efficient voting process for all eligible shareholders.

Modulex Construction Technologies Limited has announced a significant milestone in its journey towards revenue generation. The company has secured its first revenue-generating contract for a school project in Mumbai, leveraging its Modern Methods of Construction (MMC) technology.

Project Details

The newly secured project showcases Modulex's commitment to innovation in the construction sector:

Strategic Implications

This contract marks a pivotal moment for Modulex as it transitions into its revenue phase. The company's focus on educational infrastructure aligns with national development priorities, potentially positioning it for future growth in this sector.

Operational Progress

Modulex has also made significant strides in its manufacturing capabilities:

• Factory Development: Phase I of the company's state-of-the-art factory has been completed.
• Production Timeline: Manufacturing of various modular products is set to commence in the near future.

Market Impact

The announcement of this contract could have positive implications for Modulex's market position:

1. Revenue Generation: This marks the beginning of Modulex's revenue-generating phase, a critical step for any growing company.
2. Technological Validation: The contract serves as a validation of Modulex's MMC technology in the Indian construction market.
3. Sector Focus: By targeting the education sector, Modulex is aligning itself with India's developmental goals, potentially opening doors for future contracts in this space.

Looking Ahead

As Modulex enters this new phase of its operations, investors and market watchers will likely be keen to observe:

• The company's ability to deliver the project on schedule
• Potential for securing additional contracts in the education sector or other areas
• The impact of this revenue stream on the company's financial performance

This development represents a significant step forward for Modulex Construction Technologies Limited as it moves from the development phase into active revenue generation. The successful execution of this project could set the stage for the company's future growth and market position in the innovative construction technology sector.