Modern Engineering & Projects Limited Strengthens Board and Compliance with Key Appointments
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
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-0.61% | -7.98% | -10.89% | -5.59% | -55.90% | +677.51% |