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.

Modern Engineering & Projects Limited (BSE: 539762) has announced significant changes to its leadership and compliance structure, demonstrating a commitment to corporate governance and strategic growth.

Board Expansion with Seasoned Professional

The company's Board of Directors has appointed Mr. Ajit Sagane as an Additional Non-Executive Independent Director for a five-year term, commencing from August 28, 2025, to August 27, 2030. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Mr. Sagane, who holds a DIN of 07811647, brings a wealth of experience in civil engineering and government infrastructure projects. His impressive career includes roles such as:

• Chief Engineer for projects like Pradhan Mantri Gram Sadak Yojana and Bridge Works in Naxalite Areas
• Secretary (Works) PWD, overseeing projects including National Highways in Maharashtra and the Versova-Bandra Sea Link
• Independent Engineer for major Maharashtra government projects

With his extensive background in civil engineering, including a Diploma, BE, and ME in the field, Mr. Sagane's appointment is expected to bring valuable insights to Modern Engineering & Projects Limited's operations.

Enhancement of Compliance Measures

In a move to strengthen its compliance framework, the company has also appointed M/s. Nidhi Bajaj & Associates as Secretarial Auditors for a five-year term from April 1, 2025, to March 31, 2030. This appointment is also subject to shareholder approval at the forthcoming Annual General Meeting.

M/s. Nidhi Bajaj & Associates, a Practising Company Secretaries Firm based in Mumbai, brings significant expertise to this role. The firm's founder, Ms. Nidhi Bajaj, has over 10 years of experience as a practicing Company Secretary and has collaborated with various corporate entities.

Regulatory Compliance and Transparency

These appointments align with the Securities and Exchange Board of India (SEBI) Listing Regulations, demonstrating Modern Engineering & Projects Limited's commitment to regulatory compliance and corporate transparency. The company has affirmed that Mr. Sagane meets the independence criteria as required by the Companies Act, 2013 and SEBI regulations.

The Board meeting that approved these appointments was held on August 28, 2025, lasting from 1:00 p.m. to 2:00 p.m.

These strategic moves by Modern Engineering & Projects Limited indicate a focus on strengthening its governance structure and bringing in specialized expertise to support its future endeavors in the engineering and infrastructure sector.