Announcement under Regulation 30(LODR) -Change in Management as PDF attached.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Modulex Construction Technologies has appointed two new Additional Non-Executive Independent Directors at a Board meeting held on April 15, 2025. Mr. Parag Mehta, a Chartered Accountant with over 40 years of experience in mergers, acquisitions, tax planning and business advisory, joins the board. Major General MN Devaya (Retd), with 37 years of experience in construction engineering, combat engineering and project planning, and an M.Tech from IIT Delhi, is the second appointee. Both directors have been appointed for a five-year term starting April 15, 2025 until April 14, 2030, subject to shareholder approval. The filing confirms neither appointee is related to any existing promoter or director, and neither is debarred from holding a director position by any authority.
The addition of two experienced independent directors strengthens the board's expertise in finance, construction engineering and governance. This is a routine governance move with no direct impact on share price, though it signals active board renewal at the company.