mep infrastructure developers has confirmed that its promoter and promoter group did not create any encumbrance on shares during the Financial Year 2025-26. The disclosure, submitted to the National Stock Exchange of India Limited and BSE Limited, is intended to inform shareholders and the market about the holding status of key stakeholders. This compliance ensures transparency regarding the pledging or hypothecation of promoter shares, which is a critical indicator of financial stability for investors.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. In the filing, the promoters explicitly stated that they have not made any encumbrance on the shares, directly or indirectly, other than those already disclosed to the exchanges during the specified financial year. The submission was signed by Jayant Dattatray Mhaiskar, Promoter of MEP Infrastructure Developers Limited.

The filing serves as a formal confirmation to the exchanges regarding the status of promoter holdings. By confirming the absence of new encumbrances, the company provides assurance that the promoters' equity stakes remain free from additional charges or liens beyond what was previously reported. This information is material for market participants assessing the risk profile and governance standards of the company.

MEP Infrastructure Developers has accepted the resignation of its Chief Financial Officer, Mr. Rajendra Pawar, effective from the close of business hours on May 31, 2026. The resignation was submitted via email and formally accepted by the Resolution Professional, Mr. Ravindra Kumar Goyal, due to the company being under the Corporate Insolvency Resolution Process.

Mr. Pawar cited evolving professional commitments and new opportunities as the reason for his departure. The company confirmed that there are no other material reasons for his resignation beyond those stated. He served as the Chief Financial Officer from October 10, 2022, until his cessation date.

The company is currently undergoing insolvency proceedings pursuant to the Insolvency and Bankruptcy Code, 2016, following an NCLT order dated March 28, 2024. Mr. Ravindra Kumar Goyal has been appointed as the Resolution Professional, and a moratorium has been in effect since March 28, 2024.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The relevant details regarding the change in key managerial personnel were submitted as required under applicable SEBI circulars.