From: Jan Engelhardt <jengelh@inai.de>
Date: 2016-03-17 01:13:03.340741300 +0100

Skip these two steps from Makefile.am altogether.

1. If $INSTALL_MOD_PATH/lib/modules/uname_r is missing, no depmod
   files will be created at all (by depmod as invoked by the kernel's
   modules_install target).

2. Therefore, modinfo -b will error out because it cannot find
   $INSTALL_MOD_PATH/lib/modules/uname-r/modules.order.

3. lsmod fails because /proc and /sys are not mounted.

---
 Makefile.am |    2 --
 1 file changed, 2 deletions(-)

Index: ipset-7.4/Makefile.am
===================================================================
--- ipset-7.4.orig/Makefile.am
+++ ipset-7.4/Makefile.am
@@ -72,8 +72,6 @@ modules_install:
 if WITH_KMOD
 	${MAKE} -C $(KBUILD_OUTPUT) M=$$PWD/kernel/net \
 			KDIR=$$PWD/kernel modules_install
-	@modinfo -b ${INSTALL_MOD_PATH} ip_set_hash_ip | ${GREP} /extra/ >/dev/null || echo "$$DEPMOD_WARNING"
-	@lsmod | ${GREP} '^ip_set' >/dev/null && echo "$$MODULE_WARNING"; true
 else
 	@echo Skipping kernel modules due to --with-kmod=no
 endif