Modulex Construction Technologies has informed that the Board of Directors at its meeting held on Monday, February 18, 2019 commenced at 12.45 p.m, has considered and approved the Granting of Corporate Guarantee in favour of Give Vinduet Windows and Doors Private Limited (GVWDPL) to issue Compulsorily Convertible Debentures (CCDs) worth Rs 15 Crores and interest of approximately Rs 3 Crores; and the proposal to buy equity shares of GVWDPL in FY 2019-20 and 20-21 by way of a Preferential Allotment and pricing as determined by the BSE. The Board meeting concluded at 1.45 p.m.
The above information is a part of company’s filings submitted to BSE.
