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.

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.