Modern Engineering and Projects Limited has announced that its board meeting is scheduled to be held on Tuesday, May 26, 2026. The primary agenda for the meeting is to consider and approve the audited standalone financial results of the company for the financial year ended March 31, 2026. The results will be prepared under Indian Accounting Standards (Ind AS).

Board Meeting Details

The meeting is convened pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. In addition to the financial results, the board may consider any other business as may be permitted by the chair.

Trading Window Closure

In accordance with the company’s Code of Conduct for Prevention of Insider Trading, the trading window for designated persons has been closed. This closure is effective from April 1, 2026, and will remain in effect until the expiry of 48 hours from the date the financial results are made public.

Modern Engineering & Projects Limited announced the appointment of Abhijit Jayant Deshpande as an Additional Independent Director of the company with immediate effect on May 12, 2026. The appointment was made on the recommendation of the Nomination & Remuneration Committee at a Board of Directors meeting held on the same date. The board meeting commenced at 4:30 p.m. and concluded at 5:05 p.m. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key details of the appointment, as disclosed in Annexure-I submitted to BSE Limited, are summarised below:

Profile of Abhijit Jayant Deshpande

Abhijit Jayant Deshpande is a senior power sector professional with over 35 years of experience spanning electricity distribution, regulatory governance, power procurement, tariff determination, renewable energy integration, project management, automation in management, and policy implementation. He was associated with Maharashtra State Electricity Distribution Company Limited (Mahavitaran), described as the largest regulated electricity utility in the country. He has also served as Secretary of the Maharashtra Electricity Regulatory Commission (MERC)—a statutory regulatory body constituted under the Electricity Act, 2003—for a period of five years.

Regulatory Compliance

The appointment disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has confirmed that Abhijit Jayant Deshpande is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other authority. The disclosure was signed by Managing Director Fattehsingh Krishnrao Patil on May 12, 2026, from Mumbai.