Postal Ballot- Scrutinizer''s Report.
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▲ 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 announced the results of its postal ballot conducted between November 18 and December 17, 2025, with both resolutions passed by overwhelming majority. Resolution 1 approved the appointment of Mrs. Sudha Prajapati (DIN: 01387259) as Non-Executive Independent Director, receiving 99.99% votes in favor from 1.74 crore polled shares (25.22% of outstanding shares). Resolution 2 approved issuance of equity shares on a preferential basis to promoter and non-promoter categories, with 99.99% in favor; notably, the promoter group holding 1.56 crore shares abstained from voting as an interested party, resulting in only 2.60% turnout on that resolution. Total shareholders on record date were 7,293. The scrutinizer, D.M. Zaveri & Co., certified the voting process as fair and transparent.
Shareholders have approved a new independent director and authorized a preferential share issuance, signaling potential dilution for existing public shareholders. The promoter's abstention on the preferential issue means the public vote alone carried the resolution, though with very low turnout (2.60%), which is worth monitoring for any future dilution impact.