The Board of Directors of Modulex Construction Technologies Ltd at its meeting held on Monday, February 18, 2019 commenced at 12.45 p.m. has considered and approved 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 approx. Rs. 3 Crores.
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.