Modern engineering & projects has announced securing a major infrastructure contract worth ₹60.00 crore from Tata Steel Limited. The work order encompasses bituminous trunk road construction as part of the Neelachal Ispat Nigam expansion project, representing a significant business development for the company.

Regulatory Disclosure

The company has made the announcement through a formal disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Managing Director Fattehsingh Krishnrao Patil and submitted to BSE Limited, ensuring compliance with regulatory requirements for material contract announcements.

Contract Specifications

The agreement is structured as an Item Rate Agreement with payments regulated based on actual quantities executed. The estimated contract price stands at ₹60.00 crore, which is net of GST, with all other taxes, duties, levies, and cess included in the item rates.

Project Details

The contract involves comprehensive road construction activities at the Neelachal Ispat Nigam expansion site. The project specifications focus on priority bituminous trunk road development, which will support the expanded operations of the steel manufacturing facility. The work order represents a domestic contract with no related party transaction implications.

Strategic Significance

This contract award strengthens Modern Engineering & Projects' position in the infrastructure development sector. The association with Tata Steel Limited, a leading steel manufacturer, demonstrates the company's capability to handle large-scale industrial infrastructure projects. The one-year completion timeline indicates the project's substantial scope and the company's commitment to timely execution.

The ₹60.00 crore order represents a notable addition to the company's order book. The project involves specialized bituminous road construction, showcasing the company's technical expertise in infrastructure development for industrial facilities.

Modern Engineering & Projects Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the fourth quarter of fiscal year 2026.

Regulatory Compliance Filing

The company submitted its certificate under Regulation 74(5) of SEBI regulations on April 8, 2026, covering the period from January 1, 2026 to March 31, 2026. The filing was signed by Managing Director Fattehsingh Krishnrao Patil (DIN: 10738344) and submitted to BSE Limited's Department of Corporate Services.

Registrar Confirmation

Purva Sharegistry (India) Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent, provided the compliance certificate dated April 1, 2026. The certificate was signed by Ms. Deepali Gaonkar, Compliance Officer, confirming adherence to SEBI regulations regarding dematerialization processes.

The registrar holds SEBI registration number INR000001112 as a Category 1 Registrar for IPO and Share Transfer services, operating from Mumbai with GST number 27AAACP4924D1ZO.

Dematerialization Activity Report

The quarterly report reveals no dematerialization activity during the Q4FY26 period. The detailed certificate shows:

Regulatory Framework

Under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, companies must confirm that securities received from depository participants for dematerialization are properly processed and that security certificates are appropriately handled within prescribed timelines. The regulation ensures transparency in the dematerialization process and maintains accurate records in the register of members.

This compliance filing demonstrates Modern Engineering and Projects Limited's commitment to meeting regulatory obligations and maintaining proper corporate governance standards in its share transfer and dematerialization processes.