Modulex Construction Technologies Ltd

Order details

• Name of awarding entity not disclosed due to confidentiality.
• Scope includes design and building of Modular Construction / Hybrid Modular Construction.
• Total value is approximately Rs 14.72 crore, excluding taxes.
• Awarding entity is domestic.
• Delivery is to be completed by 30 June 2027.
• Statement of Work was signed and received in quarter ended 30 September 2026.
• No promoter or promoter-group interest in the order.
• The arrangement is not a related party transaction.
• Payment terms are not disclosed.
• No material impact on the company disclosed.

CFO resignation details

• Mahendra Kumar Bhurat
• Last working day: 30 September 2026
• Reason: attaining age 74 and stepping down
• No other material reasons stated
• Board acceptance: not stated
• No interim or new CFO appointment disclosed

Modulex Construction Technologies Limited – Trading window closed from 01 October 2026 until the end of 48 hours after declaration of unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026

Forfeiture of unexercised warrants

• Board circular resolution dated 21 September 2026 approved forfeiture of upfront consideration.
• Aggregate forfeited amount: Rs 1,47,81,352.50 for warrants held by three individuals.
• Warrants issued on a preferential basis under ICDR Chapter V; exercise period expired 30 June 2026.
• Forfeiture action in accordance with ICDR Regulations, 2018 Regulation 169.
• Disclosure under Regulation 30 of SEBI LODR; filing to BSE.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• Unaudited consolidated results for quarter ended 30 June 2026 approved.
• Standalone PAT ₹40.62 lakh; consolidated PAT loss ₹480.22 lakh.
• Standalone total income ₹93.30 lakh; consolidated total income ₹0.61 lakh.
• Standalone EPS ₹0.05; consolidated EPS ₹-2.70.

Fundraising and use of proceeds

• Deviation in utilization of preferential warrants funds: No deviation.
• Funds to be utilized as loan to subsidiary for Indapur factory.
• Balance call money pending ₹443.44 lakh for warrants.
• 3,38,95,810 warrants converted to shares; premium ₹8 per share.

Going concern and governance

• Results prepared on going concern basis; promoter/investor support ongoing.
• Statutory auditors issued unmodified opinion on results.
• Contingent liability of ₹61.34 lakh for independent director fees at MMBPL.

Dematerialisation processing status

• Dematerialisation requests were processed and confirmed/rejected to the depositories.
• Securities dematerialised were listed on the stock exchanges where existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the records within prescribed timelines.
• No exceptions, delays, or non-compliance were reported.