Announced Thu, 23 Jul · 18:02 IST

53rd AGM voting results: Both resolutions passed with 96% majority

Board & Shareholder Meetings View source PDF

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AI summary

Modulex Construction Technologies held its 53rd AGM on 23rd July 2026 via video conferencing. Two resolutions were passed: (1) adoption of audited standalone and consolidated financial statements for FY ending 31st March 2026, and (2) re-appointment of Mr. Ajay Palekar as Managing Director (retiring by rotation). Both ordinary resolutions were approved with 96.22% votes in favor and 3.77% against. Total valid votes polled were 1.89 crore, representing 26.63% of outstanding shares. Promoters voted 100% in favor (1.62 crore shares). Of 7,163 shareholders on record date, 44 attended via VC.

Likely market impact

Routine AGM business cleared successfully. MD re-appointed and FY26 accounts adopted. No material governance or strategic change for shareholders.