Regulation 32(1)- Statement of Deviation & Variation for the quarter ended 30th September, 2025.
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Awaiting price reaction for this filing.
Modulex Construction Technologies has filed a quarterly confirmation under SEBI Listing Regulations stating that there has been no deviation or variation in the use of funds raised through a preferential issue of warrants. The company raised Rs. 16.72 crore in two tranches on 18th December 2024 and 1st January 2025. Of this, Rs. 15.25 crore was earmarked as a loan to its subsidiary for construction of a factory at Indapur, Pune, Maharashtra. The Audit Committee reviewed the statement on 12th November 2025 and had no comments, and the auditors also had no comments to make. The filing essentially confirms that the money raised from warrants was used exactly as originally disclosed to shareholders at the EGM held on 13th November 2024.
This is a routine compliance filing with no negative implications for shareholders. The clean confirmation of no deviation reinforces that the company is using warrant proceeds as promised, which is mildly positive for governance and transparency. No impact on stock price is expected from this filing alone.