Corrigendum to the Notice of Postal Ballot dated 14th November, 2025.
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Modulex Construction Technologies has issued a corrigendum to its 14th November 2025 Postal Ballot Notice, removing Mr. Prafulchandra Yahwantrai Mehta as a proposed allottee in the preferential share issue because he is ineligible under SEBI ICDR Regulation 159(1), which bars preferential allotments to persons who have recently sold or transferred equity shares. The revised issue size is up to 18,68,512 equity shares at Rs. 25 per share, aggregating to about Rs. 4.67 crore. The proceeds are intended to help MCTL acquire an additional 15.76% stake in Give Vinduet Windows and Doors Pvt Ltd (GVWDPL), raising its total holding in GVWDPL to 99.51%. The company has also updated the pre- and post-issue shareholding pattern table and the revised list of 20 proposed allottees. The postal ballot voting remains scheduled for 17th December 2025.
This is a procedural correction with no change to the overall acquisition or issue value, so impact on existing shareholders is minimal. Investors should review the revised allottee list and updated shareholding pattern before casting their postal ballot vote.