Modulex Construction Technologies Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the allotment of equity shares through conversion of convertible warrants.
The Board of Directors of the Company approved the conversion through a circular resolution passed on 30th June, 2026. The approval was given in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") and Sections 62 and 42 of the Companies Act, 2013.
Conversion Details
- Number of warrants converted: 7,200 (Seven Thousand Two Hundred) Convertible Warrants
- Number of equity shares allotted: 7,200 (Seven Thousand Two Hundred) Equity Shares
- Face value per share: ₹10/- each
- Conversion price per share: ₹18/-
- Conversion ratio: 1:1 (One Equity share for every warrant exercised)
- Total amount received: ₹97,200/- (representing 75% of the issue price per warrant)
- Allottee category: Non-Promoters of the Company
- Date of conversion: 30th June, 2026
Investor Details
The equity shares have been allotted to Labdhi Shah, who was allotted 2,77,500 warrants originally. Out of these, 7,200 warrants were applied for conversion and subsequently converted into 7,200 equity shares.
Post-Conversion Status
- Warrants held before conversion: 2,77,500
- Warrants applied for conversion: 7,200
- Warrants pending conversion: 2,70,300
- Equity shares allotted: 7,200
The disclosure includes the required details pursuant to Schedule III Part A of SEBI LODR Regulations and SEBI Master Circular dated 30th January, 2026.