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.

Modern Engineering and Projects Ltd has appointed Navraj Bhatt as its Chief Financial Officer (CFO) and Key Managerial Personnel under the Companies Act, 2013, effective July 01, 2026. This leadership transition follows the resignation of Mrs. Francisca Rosario, who stepped down from the role effective the close of business hours on June 30, 2026, to pursue an alternate career opportunity outside the organization. The Board of Directors approved these changes at its meeting held on June 30, 2026.

The decision to appoint Mr. Bhatt was based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee. He has been authorized to determine the materiality of events or information and to make necessary disclosures to the Stock Exchange. Mr. Bhatt is a Commerce Graduate and a Chartered Accountant with 10 years of experience in finance, accounting, and taxation leadership roles. Prior to joining Modern Engineering and Projects Ltd, he served at Man Infra Construction Limited in Mumbai.

Mrs. Rosario confirmed in her resignation letter that there are no material reasons for her departure other than the stated intent to pursue a new career path. The company has submitted the required disclosures to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Managerial Personnel Changes

The following table summarizes the changes in the company's leadership:

Contact Details for Disclosures