Disclosure under Regulation 30 of the Securities Exchange Board of India(Listing Obligations and Disclosure Requirements)Regulations, 2015 - Appointment of Directors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At the 52nd Annual General Meeting held on July 10, 2025, shareholders of Modulex Construction Technologies approved the appointment of two Independent Directors: Mr. Parag Mehta (a Chartered Accountant with 40+ years of experience in M&A, tax planning and business advisory) and Major General MN Devaya (Retd) (37 years of experience in construction engineering, M.Tech from IIT Delhi). Both will serve a 5-year term from April 15, 2025 to April 14, 2030. The company also changed the designation of Mr. Jayesh Sheth to Executive Director - Finance for a 3-year term ending April 14, 2028. None of the new appointees are related to promoters or existing directors, and none are debarred by SEBI from holding director positions.
The appointments strengthen the board with experienced professionals in finance and construction engineering, which aligns with the company's core business. For shareholders, this signals governance compliance and continuity in leadership, though it is a routine regulatory disclosure with no immediate material impact on stock price.