Regulation 32(1) - Statement of Deviation & Variation for the Quarter Ended 31st December, 2025.
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Modulex Construction Technologies has filed a quarterly compliance statement under SEBI Regulation 32 confirming there is no deviation or variation in the use of funds raised through a preferential issue of warrants. The company had raised Rs. 16.72 crore in total, of which Rs. 14.80 crore was received on application and calls money between December 2024 and January 2025. The full Rs. 14.80 crore has been utilized as a loan to its subsidiary for constructing a factory at Indapur, Pune, Maharashtra, exactly as disclosed to shareholders. The Audit Committee reviewed and approved this statement on 10th February 2026, with no comments from auditors.
This is a routine compliance confirmation and is neutral for shareholders — it simply shows the company has stuck to the originally stated purpose for the warrant proceeds, which supports governance transparency.