Modulex Construction Technologies Ltd — Updates, 28-05-2025: Company Update

GSB Finance Limited’s acquirers have extended the tendering and offer periods for acquiring up to 26% voting capital at ₹20 per share due to pending RBI approval required for the change in management control. The Letter of Offer will be sent to shareholders only after RBI approval, with the tendering period starting within 12 working days of such approval. The offer price will include interest at 10% per annum for the delay period. If RBI approval is not received, the acquirers will withdraw the offer and notify the stock exchange and shareholders accordingly. This impacts shareholders awaiting the open offer process and potential change in control.