I’m not certain of when (which version) Corona added support for folders, but 243 is pretty old and so you’d better check with them. In fact, I’ve never seen folder support formally documented, just mentioned by other developers.
Just keep in mind that require returns a value from package.loaded, and module creates a value in package.loaded, but if the names don’t match, then required returns a boolean instead of the module without “return _M” at the end. In your case, you are not passing the value from required back to anything, and your code is not referencing the namespace, so it’s a moot point, but in a real-use situation, it’s something to watch for.