Company Update

Modulex Construction Technologies has confirmed that there was no deviation in the use of proceeds from its preferential issue of warrants for the quarter ended June 30, 2025. The company raised Rs. 33.46 Cr through these warrants, receiving Rs. 31.98 Cr in application and call money.

The funds, totaling Rs. 31.12 Cr, were utilized as a loan to its subsidiary, MMBPL, specifically for the construction of a factory in Indapur, Pune.

This confirms the company is adhering to the stated purpose of its fund utilization, which is positive for investors as it demonstrates financial discipline.