Proceeding of the 52nd Annual General Meeting of the Company held on 10th July, 2025.
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Modulex Construction Technologies held its 52nd AGM on 10th July 2025 via video conferencing, starting at 1:00 PM and concluding at 1:39 PM. Six resolutions were put to vote through remote e-voting and AGM e-voting: adoption of FY25 audited financial statements (standalone and consolidated), re-appointment of Managing Director Mr. Ajay Palekar (who retires by rotation), appointment of Mr. Hitesh Gupta as Secretarial Auditor, appointment of two new Independent Directors (Mr. Parag Mehta and Major General MN Devaya), and a change in designation of Mr. Jayesh Sheth to Executive Director – Finance. The Chairman described FY 2024-25 as a 'defining chapter' marked by 'strategic execution, significant milestones, and a strengthened foundation for future growth.' Four shareholder speakers raised queries, which the Chairman addressed. All Directors, the Statutory Auditors, and the Scrutinizer were present through VC. Voting results will be declared separately on the company's website and stock exchanges.
This is a routine procedural disclosure of AGM proceedings with no surprises. Shareholders should watch the upcoming voting results announcement — any significant dissent on resolutions, particularly the new director appointments, could be a governance red flag. Otherwise, the meeting reflects standard compliance with no material price-moving action expected.