Intimation of the outcome of the Board Meeting in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ....
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On 15th April 2025, the Board of Modulex Construction Technologies approved the appointment of two new Additional Non-Executive Independent Directors: Mr. Parag Mehta (Chartered Accountant, 40+ years of experience in M&A, tax planning, and business advisory, currently senior partner at VSM & Co.) and Major General MN Devaya (Retd) (37 years of experience in construction engineering, combat engineering, and project planning, M.Tech Gold Medalist from IIT Delhi). Both are appointed for a 5-year term running from 15th April 2025 to 14th April 2030, subject to shareholder approval. Neither director is related to any promoter or existing director of the company, and neither has been debarred by SEBI or any other authority from holding a directorship. The Board meeting lasted about 30 minutes, from 1:05 PM to 1:35 PM.
This is a governance-related update with no direct financial impact. Adding two experienced independent directors with strong professional and defence/engineering backgrounds could strengthen board oversight, though the appointments still need shareholder approval before becoming final.