Modern Engineering adopts FY26 financials, re-appoints director at AGM
- Modern Engineering and Projects Limited adopted FY26 audited financial statements at its 80th AGM
- Director Vaishali Sahebrao Mulay was re-appointed following retirement by rotation
- The meeting was held virtually on September 29, 2026, with 40 shareholders present
- Statutory Auditors reported no qualifications or adverse remarks on the financials
*this image is generated using AI for illustrative purposes only.
Modern Engineering and Projects Limited adopted its audited financial statements for the fiscal year ended March 31, 2026, during its 80th Annual General Meeting (AGM) held on September 29, 2026. The company also approved the re-appointment of director Vaishali Sahebrao Mulay.
The meeting was conducted via Video Conferencing and Other Audio-Visual Means, in compliance with SEBI regulations and the Companies Act, 2013. A total of 40 shareholders attended the virtual session, constituting the required quorum under Section 103 of the Companies Act, 2013.
Key resolutions passed
Shareholders considered and adopted two ordinary resolutions during the proceedings:
- To receive, consider, and adopt the Audited Financial Statements for FY26, along with the Board’s Report and the Statutory Auditors’ Report.
- To appoint a director in place of Vaishali Sahebrao Mulay (DIN: 06444900), who retired by rotation and offered herself for re-appointment.
The Statutory Auditors did not make any qualification, reservation, or adverse remark in their report regarding the financial statements.
Meeting logistics and voting details
The AGM commenced at 11:00 am and concluded at 11:35 am, including a 15-minute e-voting window for shareholders who had not voted earlier. Remote electronic voting was open from September 25 to September 28, 2026, with a cut-off date of September 22, 2026.
| Particular | Detail |
|---|---|
| Date of AGM | September 29, 2026 |
| Mode | Video Conferencing / OAVM |
| Platform Provider | Central Depository Services (India) Limited |
| Scrutinizer | CS Manoj Mimi |
| Shareholders Present | 40 |
| Meeting End Time | 11:35 am |
Leadership attendance
The meeting was chaired by Radheshyam Laxmanrao Mopalwar, Chairman and Non-Executive Director. Key managerial personnel present included Managing Director Fattehsingh Krishnrao Patil and Chief Financial Officer Navraj Bhatt. Independent Directors Shivratan Krishnakumar Agarwal, Ajit Arvind Sagane, and Abhijit Jayant Deshpande also attended virtually.
Results of the voting are expected to be declared within two working days of the AGM and will be published on the company’s website and the CDSL e-voting portal.
Historical Stock Returns for Modern Engineering & Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.42% | -0.91% | -7.40% | -21.79% | -41.99% | 0.0% |
How will the clean audit opinion for FY26 influence Modern Engineering's ability to secure new project tenders or financing in the upcoming fiscal year?
What specific growth strategies or capital expenditure plans were outlined in the Board’s Report that might impact the company's operational scale in FY27?
Given the low shareholder attendance of 40, what measures is the management planning to implement to improve investor engagement and liquidity in future reporting periods?
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