Modern Engineering and Projects Ltd has accepted the resignation of Mrs. Anisha Suraj Rajbhar as its Company Secretary and Compliance Officer, effective from the close of business hours on July 10, 2026. The resignation was submitted due to personal and unavoidable circumstances, as confirmed in a regulatory filing submitted to BSE Limited. The departure impacts the company's key managerial personnel structure responsible for compliance and secretarial functions.

Mrs. Rajbhar confirmed in her resignation letter that there are no material reasons for her departure other than the personal circumstances cited. She expressed gratitude to the Board of Directors, senior management, and colleagues for their support during her tenure. The company has acknowledged the receipt of her resignation and the attached disclosures.

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were also read in conjunction with a specific SEBI circular referenced in the filing. The information is available on the company's official website.

Key Details of Resignation

The Managing Director, Fattehsingh Krishnrao Patil, signed the disclosure on behalf of Modern Engineering and Projects Limited. The company has requested the stock exchanges to take the information on record.

Modern Engineering and Projects Ltd has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Abhijit Deshpande as an Independent Director. The resolution proposes a five-year term for the director, subject to the approval of members. The Board had initially appointed Mr. Deshpande as an Additional Director in the capacity of Non-Executive Independent Director on May 12, 2026, under Section 161(1) of the Companies Act, 2013.

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. The voting period is scheduled to commence at 9:00 a.m. IST on Friday, July 10, 2026, and conclude at 5:00 p.m. IST on Saturday, August 08, 2026. Members holding shares as on the cut-off date of Friday, July 03, 2026, are eligible to participate. The notice has been dispatched electronically in compliance with the relevant circulars issued by the Ministry of Corporate Affairs.

Mr. Manoj Mimani, Practicing Company Secretary and Partner of R M Mimani & Associates LLP, has been appointed as the Scrutinizer to oversee the voting process. The results of the postal ballot will be declared within two working days of the conclusion of the e-voting period and will be available on the company’s website and the stock exchange.

Special Business Resolution

The primary agenda item is the appointment of Mr. Abhijit Jayant Deshpande (DIN: 02926610) as an Independent Director. He holds a Bachelor of Engineering degree in Electronics and Telecommunication Engineering and brings over 35 years of experience in the power sector. His background includes significant roles at Maharashtra State Electricity Distribution Company Limited (Mahavitaran) and as Secretary of the Maharashtra Electricity Regulatory Commission (MERC).

The resolution specifies that Mr. Deshpande is not liable to retire by rotation and will be entitled to remuneration as permitted under the Companies Act, 2013, and the SEBI Listing Regulations. The Board recommends the approval of this special resolution based on the recommendation of the Nomination and Remuneration Committee.

Key Dates and Details

Shareholders can access the e-voting facility through the CDSL or NSDL websites using their demat account credentials. Physical shareholders and non-individual shareholders are required to log in to www.evotingindia.com . The company has provided detailed instructions and helpdesk contacts for technical assistance during the voting period.