Voting results of 52nd Annual General Meeting and Scrutinizer''s report for the AGM held on 10th July, 2025.
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Modulex Construction Technologies held its 52nd AGM on 10th July 2025 via video conferencing, where all six resolutions were passed with overwhelming shareholder support. Out of 6,92,01,786 total outstanding shares, 2,12,72,440 valid votes (30.74%) were polled, with 99.99% voting in favour of every resolution and only 27 shares voted against. Key items approved include adoption of audited financial statements for FY ending 31 March 2025, re-appointment of Mr. Ajay Palekar as Managing Director (retiring by rotation), appointment of Mr. Hitesh Gupta as Secretarial Auditor, appointment of Mr. Parag Mehta and Major General MN Devaya (Retd) as Independent Directors, and a change in designation for Mr. Jayesh Sheth to Executive Director – Finance. The e-voting was conducted through CDSL and overseen by scrutinizer CS Dharmesh M. Zaveri, who confirmed a fair and transparent process. Of the 7,546 shareholders on record, 40 attended via VC (3 promoter group, 37 public).
Routine procedural outcome with no material changes to the business or share price expected. The appointments strengthen governance by adding two new Independent Directors and confirming the Managing Director's continuity, which is generally viewed positively by minority shareholders.