Modern Engineering & Projects Limited Strengthens Board and Compliance with Key Appointments

1 min read     Updated on 28 Aug 2025, 02:27 PM
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Naman SharmaScanX News Team
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Overview

Modern Engineering & Projects Limited has appointed Mr. Ajit Sagane as Additional Non-Executive Independent Director for a five-year term starting August 28, 2025. Mr. Sagane brings extensive experience in civil engineering and government infrastructure projects. The company also appointed M/s. Nidhi Bajaj & Associates as Secretarial Auditors for a five-year term from April 1, 2025. Both appointments are subject to shareholder approval at the upcoming Annual General Meeting.

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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.

Historical Stock Returns for Modern Engineering & Projects

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Modern Engineering & Projects Limited Reports Strong Q1 Results with 96% Revenue Growth

2 min read     Updated on 12 Aug 2025, 08:23 PM
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Jubin VergheseScanX News Team
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Overview

Modern Engineering & Projects Limited (MEPL) announced strong Q1 financial results with total revenue reaching ₹3,106.25 crore, a 96% increase year-over-year. Revenue from operations rose to ₹3,004.32 crore, up 107.3%. Profit for the quarter increased by 64% to ₹181.27 crore. The company's performance reflects robust growth across key financial metrics, indicating strong project execution and order book growth in the infrastructure sector. MEPL's operations span transportation engineering, civil construction, and various infrastructure projects, including significant joint ventures in road construction and water treatment.

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Modern Engineering & Projects Limited (MEPL), a key player in infrastructure projects, has announced its unaudited financial results for the first quarter. The company has demonstrated robust growth across key financial metrics, showcasing its strong market position in the infrastructure sector.

Financial Highlights

  • Revenue Surge: MEPL reported a total revenue of ₹3,106.25 crore for Q1, marking a significant 96% increase from ₹1,585.15 crore in the same quarter last year.
  • Operational Performance: Revenue from operations saw a substantial rise to ₹3,004.32 crore, up from ₹1,449.19 crore year-over-year, indicating strong project execution and order book growth.
  • Profitability: The company's profit for the quarter stood at ₹181.27 crore, showing a 64% increase compared to ₹110.58 crore in the corresponding period last year.
  • Earnings Per Share: Basic and diluted earnings per share (EPS) were reported at ₹1.17, compared to ₹3.58 in the previous year's quarter.

Operational Overview

Modern Engineering & Projects Limited continues to strengthen its position in infrastructure development, focusing on:

  1. Transportation engineering
  2. Civil construction
  3. Various infrastructure projects

The company's operations include three significant joint ventures:

  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

Financial Performance Breakdown

Particulars (₹ in Lakhs) Q1 FY2026 Q1 FY2025 YoY Change
Revenue from Operations 3004.32 1449.19 +107.3%
Total Revenue 3106.25 1585.15 +96.0%
Operating Costs 2536.01 1170.13 +116.7%
Profit Before Tax 224.24 135.23 +65.8%
Profit for the Period 181.27 110.58 +63.9%

Management Commentary

While specific management comments were not provided, the financial results reflect MEPL's strong execution capabilities and the growing demand for infrastructure development in India. The company's involvement in diverse projects across road construction, sewerage systems, and water treatment demonstrates its versatility in the infrastructure sector.

Corporate Governance

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting. S K Patodia & Associates LLP, the company's statutory auditors, conducted a limited review of the financial results for the quarter, in compliance with SEBI regulations.

Conclusion

Modern Engineering & Projects Limited's Q1 results showcase a robust performance in the infrastructure sector. With nearly doubled revenue and significant profit growth, the company appears well-positioned to capitalize on India's ongoing infrastructure development initiatives. Investors and stakeholders will likely keep a close watch on MEPL's future projects and financial trajectory as it continues to shape the road ahead in the infrastructure domain.

Historical Stock Returns for Modern Engineering & Projects

1 Day5 Days1 Month6 Months1 Year5 Years
-0.61%-7.98%-10.89%-5.59%-55.90%+677.51%
Modern Engineering & Projects
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