Navraj Bhatt appointed as CFO of Modern Engineering from July 01, 2026

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:

Designation	Action	Effective Date	Reason
Chief Financial Officer	Resignation	June 30, 2026	Pursuit of alternate career opportunity
Chief Financial Officer	Appointment	July 01, 2026	Board approval based on committee recommendations

Contact Details for Disclosures

Designation	Purpose	Contact Details
Chief Financial Officer	Making disclosure of material events or information to the Stock Exchange	Phone no.: 9819842403 E-mail: navraj.bhatt@mep.ltd

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.33%	-1.05%	-13.22%	-10.92%	+0.83%	+512.35%

Modern Engineering and Projects Limited reported a net profit of ₹848.92 lakh for the financial year ended March 31, 2026, reflecting a 16.5% increase from ₹728.61 lakh in the previous year. The growth was driven by the execution of various infrastructure projects, which boosted revenue from operations to ₹11,978.71 lakh from ₹9,561.11 lakh in FY25. The board approved the audited standalone financial results during its meeting on May 26, 2026.

Financial Performance

The company’s total revenue for FY26 stood at ₹12,284.96 lakh, up from ₹9,790.97 lakh in the prior year. For the quarter ended March 31, 2026, the company recorded a net profit of ₹36.78 lakh and revenue from operations of ₹4,762.45 lakh. The statutory auditors, S. K. Patodia & Associates LLP, issued an unmodified opinion on the financial results.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Net Profit	848.92	728.61
Revenue from Operations	11,978.71	9,561.11
Total Revenue	12,284.96	9,790.97
Total Expenses	11,142.43	9,062.73

Corporate Governance Updates

The board approved shifting the registered office from Nariman Point to Bandra East in Mumbai, effective June 01, 2026. Additionally, the board took note of the resignation of Mrs. Devanshi Kevin Shah as Company Secretary and Compliance Officer and appointed Mrs. Anisha Suraj Rajbhar to the position effective June 01, 2026. The board also approved an increase in the remuneration of the statutory auditors.