Modern Engineering CS resigns effective May 30, 2026

Mrs. Devanshi Kevin Shah has resigned from the position of Company Secretary and Compliance Officer at Modern Engineering and Projects Limited effective May 30, 2026. The resignation, attributed to personal reasons, was communicated to the stock exchange pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Shah will be relieved from her duties after the closing of business hours on May 30, 2026.

The company informed BSE Limited that the resignation was tendered via a letter dated May 25, 2026. In her resignation letter addressed to the Board of Directors, Shah confirmed that there are no material reasons for her departure other than the personal reasons cited. She also requested the company to submit the necessary forms to the Registrar of Companies and the Stock Exchange.

Resignation Details

The disclosure regarding the change in the key managerial personnel was submitted by Fattehsingh Krishnrao Patil, Managing Director of Modern Engineering and Projects Limited. The specific details of the cessation were provided in an annexure to the regulatory filing.

Particulars	Remarks
Name	Mrs. Devanshi Kevin Shah
Reason for change	Resignation by Company Secretary and Compliance officer due to personal reasons
Date of cessation	May 30, 2026

Shah expressed her gratitude to the Board of Directors and Senior Management for her association during her tenure. The company has acknowledged the receipt of the resignation letter and stated that the relevant disclosures required under SEBI regulations have been enclosed.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.92%	-10.85%	-35.63%	-11.07%	-14.49%	+527.81%

Modern Engineering & Projects Limited announced the appointment of Abhijit Jayant Deshpande as an Additional Independent Director of the company with immediate effect on May 12, 2026. The appointment was made on the recommendation of the Nomination & Remuneration Committee at a Board of Directors meeting held on the same date. The board meeting commenced at 4:30 p.m. and concluded at 5:05 p.m. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key details of the appointment, as disclosed in Annexure-I submitted to BSE Limited, are summarised below:

Parameter:	Details
Name:	Abhijit Jayant Deshpande
DIN:	02926610
Reason for Change:	Appointed as Additional Independent Director
Date of Appointment:	May 12, 2026
Relationship with Directors:	Not related to any Directors of the Company
Debarment Status:	Not debarred by SEBI or any other authority

Profile of Abhijit Jayant Deshpande

Abhijit Jayant Deshpande is a senior power sector professional with over 35 years of experience spanning electricity distribution, regulatory governance, power procurement, tariff determination, renewable energy integration, project management, automation in management, and policy implementation. He was associated with Maharashtra State Electricity Distribution Company Limited (Mahavitaran), described as the largest regulated electricity utility in the country. He has also served as Secretary of the Maharashtra Electricity Regulatory Commission (MERC)—a statutory regulatory body constituted under the Electricity Act, 2003—for a period of five years.

Regulatory Compliance

The appointment disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has confirmed that Abhijit Jayant Deshpande is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other authority. The disclosure was signed by Managing Director Fattehsingh Krishnrao Patil on May 12, 2026, from Mumbai.