MEP Infrastructure Developers Limited has announced the appointment of Ms. Nitisha Saurabh Sohoni as its new Company Secretary and Compliance Officer, effective August 8, 2025. This appointment comes as the company navigates through its ongoing Corporate Insolvency Resolution Process (CIRP).

Key Highlights

• Ms. Nitisha Saurabh Sohoni appointed as Company Secretary and Compliance Officer
• Appointment made by Resolution Professional Mr. Ravindra Kumar Goyal
• Company undergoing Corporate Insolvency Resolution Process since March 28, 2024
• Board powers suspended and vested with the Resolution Professional

New Appointment Details

Ms. Sohoni brings over a decade of experience in legal and secretarial matters to her new role at MEP Infrastructure Developers. She is an Associate Member of the Institute of Company Secretaries of India, holding membership number ACS 26078. Prior to this appointment, Ms. Sohoni served in the same capacity at MEP Infrastructure Private Limited, a material subsidiary of the company, resigning from that position on August 7, 2025.

Corporate Insolvency Context

The appointment was necessitated by the company's ongoing Corporate Insolvency Resolution Process, which commenced on March 28, 2024. As a result of the CIRP, the powers of MEP Infrastructure Developers' Board of Directors have been suspended and are currently vested with the Resolution Professional, Mr. Ravindra Kumar Goyal.

Regulatory Compliance

This appointment aligns with the regulatory requirements set forth in Section 203 of the Companies Act, 2013, and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations mandate the appointment of a qualified Company Secretary for listed entities.

Looking Ahead

As MEP Infrastructure Developers continues to navigate through its insolvency proceedings, the appointment of Ms. Sohoni as Company Secretary and Compliance Officer is expected to ensure adherence to regulatory norms and facilitate effective communication with stakeholders during this critical period.

Investors and stakeholders are advised to monitor further announcements from the company regarding the progress of the insolvency resolution process and any potential impacts on the company's operations and financial position.

MEP Infrastructure Developers Limited (MEP), a company currently undergoing Corporate Insolvency Resolution Process (CIRP), recently held its 17th Committee of Creditors meeting. The gathering, which took place on July 25, 2025, marks a significant milestone in the company's ongoing insolvency proceedings.

Insolvency Process Background

The company has been under the CIRP since March 28, 2024, following an order from the National Company Law Tribunal (NCLT). This process, initiated under the provisions of the Insolvency and Bankruptcy Code, 2016, has placed MEP Infrastructure Developers under the guidance of a Resolution Professional, Mr. Ravindra Kumar Goyal.

Key Details of the Meeting

Regulatory Compliance

In adherence to regulatory requirements, MEP Infrastructure Developers promptly informed both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about this meeting. This disclosure aligns with the company's obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ongoing Moratorium

It's noteworthy that a moratorium under section 14 of the Insolvency and Bankruptcy Code has been in effect since the commencement of the CIRP on March 28, 2024. This moratorium typically provides the company with protection against certain legal proceedings and actions during the resolution process.

Resolution Professional

Mr. Ravindra Kumar Goyal, serving as the Resolution Professional for MEP Infrastructure Developers, oversees the insolvency process. His registration number with the Insolvency and Bankruptcy Board of India (IBBI) is IBBI/IPA-001/IP-P-02019/2020-2021/13098.

While the specific outcomes or discussions of the 17th Committee of Creditors meeting were not disclosed, such meetings are crucial in the CIRP. They typically involve discussions on the company's financial position, potential resolution plans, and decisions that could impact the future of the organization.

As MEP Infrastructure Developers continues to navigate through this insolvency process, stakeholders and market observers will be keenly watching for further developments and potential resolutions that may emerge from these ongoing creditors' meetings.