Modern Engineering & Projects Limited (MEPL) has reported a significant turnaround in its financial performance for the quarter ended September 30, 2025, alongside an announcement of a key management change.

Financial Highlights

MEPL posted a quarterly profit of ₹293.75 crore, marking a substantial improvement from the loss of ₹133.61 crore reported in the same quarter of the previous year. The company's revenue for Q2 stood at ₹1,641.81 crore, indicating strong operational performance.

The company's earnings per share (EPS) improved to ₹1.90 for the quarter, up from ₹(1.29) in the corresponding period last year.

Half-Yearly Performance

For the half-year ended September 30, 2025, MEPL reported:

• Total revenue: ₹4,936.59 crore
• Profit before tax: ₹660.94 crore
• Net profit: ₹475.02 crore

These figures represent a significant improvement in the company's financial health compared to the previous year.

Management Change

In a separate development, MEPL announced that Mr. Suraj Dhumale, the Company Secretary and Compliance Officer, has resigned from his position. The resignation will be effective from December 12, 2025. Mr. Dhumale cited personal reasons for his departure, with no other material reasons disclosed.

Joint Ventures and Operations

MEPL is involved in several joint ventures, including:

1. MEPIDL-MCL-JV for road construction
2. Aquatech-MEPL-JV for the Khopoli Underground Sewerage Scheme
3. Aquatech-MEPL Nashik JV for water treatment projects in Nashik

These joint ventures contribute to the company's revenue and profitability, with the financial results incorporating their performance.

Outlook

The strong financial results, particularly the turnaround from loss to profit, suggest that MEPL's strategic initiatives and project executions are yielding positive outcomes. The resignation of the Company Secretary may require attention to ensure a smooth transition in the company's compliance and secretarial functions.

Modern Engineering & Projects Limited , a prominent player in the engineering sector, has unveiled significant leadership changes following its 79th Annual General Meeting (AGM) held on September 30, 2025. The company has made strategic appointments to strengthen its management team and corporate governance structure.

New Managing Director Appointed

Mr. Fattehsingh Krishnrao Patil has been appointed as the Managing Director of Modern Engineering & Projects Limited for a three-year term, effective from March 1, 2025, to February 29, 2028. Mr. Patil brings a wealth of experience to the role, having served an impressive 39-year tenure in the police force.

Highlights of Mr. Patil's background include:

• Gold medalist in political science and silver medalist in Bachelor of Laws from Shivaji University, Kolhapur
• Retired as Inspector General of Police CID Maharashtra in 2021
• Served in various capacities including sub-divisional police officer, Deputy Commissioner of Police, and Additional Commissioner
• Contributed to the United Nations Peace Keeping Task Force in Kosovo for one year, earning recognition for his service
• Currently serving as Director and CEO of Square Port Shipyard since August 2024

Addition to the Board of Directors

The company has also appointed Mr. Ajit Sagane as an Independent Director for a five-year term, from August 28, 2025, to August 27, 2030. Mr. Sagane's extensive experience in government departments and engineering projects is expected to bring valuable insights to the board.

Key aspects of Mr. Sagane's profile include:

• Holds qualifications in Civil Engineering, including a Diploma, BE, and ME
• Extensive experience in various government roles, including Chief Engineer and Secretary (Works) PWD
• Expertise in major infrastructure projects, including highways, bridges, and government buildings
• Served as Independent Engineer for significant Maharashtra government projects like Samruddhi Mahamarg and Versova-Bandra Sea Link

New Secretarial Auditor

In addition to the board-level changes, Modern Engineering & Projects Limited has appointed M/s. Nidhi Bajaj & Associates as its Secretarial Auditors for a term of five consecutive years, from FY 2025-26 to FY 2029-30. The Mumbai-based firm is led by Ms. Nidhi Bajaj, who brings over a decade of experience as a practicing Company Secretary.

These strategic appointments reflect Modern Engineering & Projects Limited's commitment to strengthening its leadership team and enhancing its corporate governance practices. The diverse expertise of the new appointees is expected to contribute significantly to the company's future growth and development in the engineering and infrastructure sector.

The company has assured that all appointed individuals are not debarred from holding their respective positions by any regulatory authority, ensuring compliance with corporate governance norms.