Announcement under Regulation 30 (LODR)- Change in Directorate.
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The Board of Directors of Modulex Construction Technologies, at its meeting on 15th April 2025, approved a change in designation for Mr. Jayesh Sheth. He moves from being a Non-Executive Independent Director to Whole Time Director, designated as Executive Director – Finance, for a 3-year term running from 15th April 2025 to 14th April 2028. The change is subject to approval from the company's shareholders. Mr. Sheth is not related to any promoter or other director of the company, and is not debarred from holding a director position by SEBI or any other authority.
This reduces the number of Independent Directors on the board, which could raise minor governance concerns, while bringing in finance leadership in an executive capacity. Shareholders should watch the voting outcome at the next general meeting, as their approval is required for the new role to take effect.