Modulex Construction Technologies Limited has issued a postal ballot notice seeking shareholder approval for a key leadership appointment, with electronic voting scheduled to commence shortly.

Postal Ballot Details and Timeline

The company issued the postal ballot notice on February 11, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations. The notice has been sent electronically to members whose names appear in the Register of Members as on the cut-off date of February 6, 2026.

Proposed Appointment of Joint Managing Director

The special resolution seeks approval for the change in designation of Mr. Jayesh Sheth (DIN: 03506031) from Executive Director-Finance to Joint Managing Director. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved this change at their meeting held on February 11, 2026.

Key Appointment Details

Professional Background and Experience

Mr. Jayesh Sheth is a Chartered Accountant with 39 years of extensive experience across multiple industries. His expertise spans Manufacturing, Marketing, Trading, and Service-oriented companies, with particular strength in heading Profit Center operations with ROI accountability.

Industry Experience:

• Construction, FMCG, Pharmaceuticals
• Computer Peripherals & Microchip dealings
• Retail, Media, Textiles, E-commerce
• Chemicals and Material Handling & Storage Systems

Core Competencies:

• International & Domestic Business Development
• New Project conceptualizing and Implementation
• Group Planning and Strategy
• Team building and organizational development

Remuneration and Benefits Structure

The proposed remuneration package includes a comprehensive benefits structure designed to align with industry standards and the company's operational requirements.

Financial Compensation:

• Base salary: Rs. 72,00,000 per annum
• Previous remuneration (April 15, 2025 to January 31, 2026): Rs. 47,66,667

Additional Benefits:

• Transportation and conveyance facilities
• Telecommunication facilities
• Leave encashment and gratuity as per company rules
• Medical expenses reimbursement for self and family
• Personal accident and medical insurance
• Business-related expense reimbursements

Company Financial Performance

The explanatory statement provides context regarding the company's recent financial performance, highlighting the nature of the modular construction business.

E-voting Process and Shareholder Information

The company has made arrangements with CDSL to facilitate remote e-voting for all eligible shareholders. Members holding shares in both physical and demat mode can participate in the voting process through the designated e-voting platform.

Voting Eligibility:

• Members registered as on cut-off date: February 6, 2026
• Electronic voting only through CDSL platform
• Results to be displayed on company website and CDSL portal

The postal ballot notice emphasizes that this appointment requires special resolution approval from shareholders, reflecting the significance of the leadership change for the company's strategic direction in the modular construction sector.

Modulux Construction Technologies Limited has released its unaudited financial results for the third quarter of fiscal year 2026, demonstrating notable revenue growth in its standalone operations while continuing to face profitability challenges. The company's financial performance for the quarter ended December 31, 2025, reflects mixed operational outcomes across its business segments.

Standalone Financial Performance

The company's standalone operations showed remarkable revenue improvement during the quarter. Total income from operations reached ₹71.62 lakhs in Q3FY26, representing a significant increase from ₹4.30 lakhs recorded in the corresponding quarter of the previous year.

Despite the revenue growth, the company reported a net loss of ₹8.70 lakhs for the quarter, though this represents a substantial improvement from the ₹44.35 lakhs loss in Q3FY25. Total expenses for the quarter stood at ₹80.32 lakhs, compared to ₹48.65 lakhs in the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Modulux Construction's standalone operations generated total income of ₹169.72 lakhs. The company incurred total expenses of ₹221.54 lakhs during this period, resulting in a net loss of ₹51.82 lakhs. The earnings per share for the nine-month period was ₹(0.07).

Consolidated Results Overview

The consolidated financial results presented a contrasting picture, with total income from operations of ₹0.75 lakhs for Q3FY26, compared to ₹0.21 lakhs in the corresponding quarter of the previous year. However, the consolidated operations reported significantly higher expenses of ₹448.27 lakhs, leading to a substantial net loss of ₹447.52 lakhs for the quarter.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee on February 10, 2026, and subsequently approved by the Board of Directors at their meeting held on February 11, 2026. The statutory auditors conducted a limited review of these results, ensuring compliance with regulatory requirements.

The company maintained its equity share capital at ₹6,920.18 lakhs throughout the reporting periods. The financial results were published in Financial Express (all editions in English) and Lokmanthan, Pune (in Marathi) on February 13, 2026, in compliance with SEBI regulations. The results are also available on the company's website at www.modulex.in and have been filed with BSE Limited under the prescribed regulatory framework.