MEP Infrastructure Developers Limited, a company currently operating under Corporate Insolvency Resolution Process (CIRP), has submitted its audited consolidated financial results for the fiscal year ending March 31, 2024, to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Financial Results Approval

The financial results were approved by the company's Resolution Professional, Mr. Ravindra Kumar Goyal, on September 11, 2025. Mr. Goyal, registered with the Insolvency and Bankruptcy Board of India (IBBI) under registration number IBBI/IPA-001/IP-P-001/IP-P-02019/2020-2021/13098, is overseeing the company's affairs during the insolvency process.

Insolvency Proceedings

MEP Infrastructure Developers Limited entered the Corporate Insolvency Resolution Process following an order from the National Company Law Tribunal (NCLT) dated March 28, 2024. As a result, a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, came into effect from the same date.

Regulatory Compliance

The submission of the financial results is in compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III. This move demonstrates the company's commitment to maintaining transparency with its stakeholders despite the ongoing insolvency proceedings.

Additional Information

The company's communication to the stock exchanges included:

• Audited Consolidated Financial Results for the year ended March 31, 2024
• Statutory Auditor's Report

These documents were submitted by Nitisha S. Sohoni, the Company Secretary and Compliance Officer of MEP Infrastructure Developers Limited.

While the specific financial figures were not disclosed in the available information, the timely submission of audited results indicates that MEP Infrastructure Developers is adhering to regulatory requirements even as it navigates through the insolvency process.

Investors and stakeholders of MEP Infrastructure Developers Limited are advised to monitor further announcements from the company and the Resolution Professional for updates on the insolvency proceedings and the company's financial position.

MEP Infrastructure Developers Ltd, a key player in the infrastructure sector, has recently made significant announcements regarding its financial results and board composition. The company's board of directors has taken several important decisions that are likely to shape its future direction.

Financial Results Approval

The board of MEP Infrastructure Developers has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2020. This approval marks an important milestone in the company's financial reporting cycle, providing stakeholders with insights into its performance during a challenging period marked by the global pandemic.

Annual General Meeting Scheduled

In addition to approving the financial results, the board has set October 22, 2020, as the date for the company's 18th Annual General Meeting (AGM). The AGM will be conducted through video conferencing, adapting to the new normal of virtual meetings in the wake of COVID-19 restrictions.

Board Composition Changes

The company has also announced significant changes to its board composition:

New Independent Director Appointed

Mrs. Sandhya Borase has been appointed as an Additional Independent Director to the board. This appointment brings valuable expertise to MEP Infrastructure Developers, as Mrs. Borase comes with 28 years of experience in Company Law advisory services. Her extensive background is expected to contribute significantly to the company's governance and strategic decision-making processes.

Resignation of Non-Executive Independent Director

The board has accepted the resignation of Mrs. Mira Mehrishi from her position as Non-Executive Independent Director. The company stated that Mrs. Mehrishi's decision to step down was due to pre-occupation, and no material reasons were cited for her departure.

These board changes reflect MEP Infrastructure Developers' commitment to maintaining a diverse and experienced leadership team while adapting to individual circumstances.

The approval of quarterly results, scheduling of the AGM, and the changes in board composition collectively signal MEP Infrastructure Developers' focus on transparency, governance, and strategic growth as it navigates the challenges and opportunities in the infrastructure sector.