Modern Engineering & Projects Limited announced significant corporate governance developments following its Board meeting conducted on March 24, 2026. The meeting, which commenced at 4:00 p.m. and concluded at 5:30 p.m., resulted in several key appointments and approvals that strengthen the company's operational framework.

Key Personnel Appointment

The Board appointed Mrs. Devanshi Kevin Shah as Company Secretary and Compliance Officer with effect from March 24, 2026. The appointment details are outlined below:

Mrs. Shah brings specialized expertise in corporate governance and compliance management, particularly in SEBI LODR regulations and ROC compliance, along with experience in board meeting facilitation.

Inter-Corporate Deposit Approval

The Board approved an inter-corporate deposit arrangement with related party Jetra Infrastructure Private Limited, a member of the corporate promoter group. The transaction structure and terms are detailed below:

The transaction falls under Related Party Transactions as per Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI (LODR) Regulations, 2015. However, given its non-material nature, the transaction does not require shareholders' approval.

Committee Reconstitution

The Board approved the reconstitution of the Stakeholders Relationship Committee under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, effective from March 13, 2026. The new committee composition includes:

Regulatory Compliance

All decisions were made pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The announcements were formally communicated to BSE Limited under the company's scrip code 539762 and scrip symbol MEAPL, with Managing Director Fattehsingh Krishnrao Patil signing the official communication.

Modern Engineering & Projects Limited has formally announced the resignation of Whole Time Director Mr. Jashandeep Singh, marking a significant change in the company's board composition. The resignation, submitted on March 13, 2026, takes effect from the closure of business hours on the same date.

Board Meeting Outcome and Official Confirmation

The company's Board of Directors convened on March 18, 2026, to formally acknowledge and document the resignation. The meeting, which commenced at 4:30 p.m. and concluded at 5:00 p.m., officially recorded Singh's departure from his position as Whole Time Director.

Director Resignation Details and Documentation

The company disclosed the resignation in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In his formal resignation letter addressed to the Board of Directors, Singh cited "certain emerging unavoidable personal situations" as the reason for his departure. The resignation letter confirms his intention to step down from all directorship duties and committee memberships with immediate effect.

Regulatory Compliance and Stock Exchange Communication

Managing Director Fattehsingh Krishnrao Patil (DIN: 10738344) signed the official communication to BSE Limited, confirming the board change under the company's scrip code 539762 and symbol MEAPL. The company has fulfilled all regulatory requirements by providing detailed disclosures as mandated under the SEBI regulations, ensuring proper documentation of the transition.

Confirmation of Circumstances

In his resignation letter, Singh explicitly confirmed that there are no material reasons for his resignation beyond the personal circumstances mentioned. He expressed gratitude to the Board of Directors for his association during his tenure and requested the company to submit necessary forms with the Registrar of Companies and Stock Exchange. The resignation affects both his directorship role and any associated committee memberships within the organization.