Annual Report for the Financial Year ended 31st March, 2025.
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Modulex Construction Technologies has filed its 52nd Annual Report for FY ended 31st March 2025. On a standalone basis, the company reported zero revenue from operations, with total income of Rs. 18.87 lakhs (vs Rs. 18.41 lakhs last year) and a loss after tax of Rs. 177.25 lakhs (vs Rs. 143.18 lakhs loss). On a consolidated basis, other income jumped sharply to Rs. 1,307.77 lakhs from Rs. 115.54 lakhs, turning a profit of Rs. 487.37 lakhs versus a Rs. 690.68 lakhs loss previously. The company is setting up what it calls India's first and world's largest steel modular building factory in Indapur, Pune, with 2 lakh sqm annual capacity; trial production began in April 2025, with commercial production expected within 4–6 weeks. No dividend was declared; authorised capital was raised to Rs. 120 crores and 3.72 crore convertible warrants at Rs. 18 each (worth ~Rs. 66.9 crores) were allotted on a preferential basis to non-promoters.
The standalone business remains in a pre-revenue, loss-making phase as it builds out the modular factory, but consolidated results swung to profit driven by subsidiary-level income — shareholders should watch whether commercial production actually begins as guided and whether warrants are eventually converted, which would materially dilute equity. Two late disclosure filings drew a Rs. 1.8 lakh BSE penalty, a minor but notable compliance flag.