Modern Engineering and Projects Limited reported a net profit of ₹848.92 lakh for the financial year ended March 31, 2026, reflecting a 16.5% increase from ₹728.61 lakh in the previous year. The growth was driven by the execution of various infrastructure projects, which boosted revenue from operations to ₹11,978.71 lakh from ₹9,561.11 lakh in FY25. The board approved the audited standalone financial results during its meeting on May 26, 2026.

Financial Performance

The company’s total revenue for FY26 stood at ₹12,284.96 lakh, up from ₹9,790.97 lakh in the prior year. For the quarter ended March 31, 2026, the company recorded a net profit of ₹36.78 lakh and revenue from operations of ₹4,762.45 lakh. The statutory auditors, S. K. Patodia & Associates LLP, issued an unmodified opinion on the financial results.

Corporate Governance Updates

The board approved shifting the registered office from Nariman Point to Bandra East in Mumbai, effective June 01, 2026. Additionally, the board took note of the resignation of Mrs. Devanshi Kevin Shah as Company Secretary and Compliance Officer and appointed Mrs. Anisha Suraj Rajbhar to the position effective June 01, 2026. The board also approved an increase in the remuneration of the statutory auditors.

Mrs. Devanshi Kevin Shah has resigned from the position of Company Secretary and Compliance Officer at Modern Engineering and Projects Limited effective May 30, 2026. The resignation, attributed to personal reasons, was communicated to the stock exchange pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Shah will be relieved from her duties after the closing of business hours on May 30, 2026.

The company informed BSE Limited that the resignation was tendered via a letter dated May 25, 2026. In her resignation letter addressed to the Board of Directors, Shah confirmed that there are no material reasons for her departure other than the personal reasons cited. She also requested the company to submit the necessary forms to the Registrar of Companies and the Stock Exchange.

Resignation Details

The disclosure regarding the change in the key managerial personnel was submitted by Fattehsingh Krishnrao Patil, Managing Director of Modern Engineering and Projects Limited. The specific details of the cessation were provided in an annexure to the regulatory filing.

Shah expressed her gratitude to the Board of Directors and Senior Management for her association during her tenure. The company has acknowledged the receipt of the resignation letter and stated that the relevant disclosures required under SEBI regulations have been enclosed.