Modern Engineering And Projects Ltd

CFO resignation

• Navraj Bhatt resigns as Chief Financial Officer effective 30 September 2026.
• Reason: personal reasons cited.

AGM Details

• AGM date and time: 29 September 2026 at 11:00 a.m. (IST) via VC.
• Mode: Video Conference (OAVM) as per AGM notice.
• Record date for voting: 22 September 2026.
• AGM duration: 11:00 a.m. to 11:35 a.m.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of Audited Financial Statements and reports.
• Resolution 2 (Ordinary): Re-appointment of Mrs. Vaishali Sahebrao Mulay by rotation.

Voting Results

• Resolution 1 passed; 99.99% in favour, 0.01% against.
• Resolution 2 passed; same voting outcome.

Dividend

• No dividend proposed or declared at the AGM.

Director Changes

• Re-appointment of Mrs. Vaishali Sahebrao Mulay approved.

Auditors

• No new auditor appointments disclosed.

Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals reported.

AGM Details

• AGM held on Tuesday, 29 September 2026 at 11:00 IST via VC/OAVM.
• Mode: VC/OAVM; platform: CDSL.
• Cut-off date for voting: 22 September 2026.
• Remote e-voting window: 25 Sept 2026 to 28 Sept 2026.
• Scrutinizer: CS Manoj Mimani, M/s R M Mimani & Associates LLP.
• Quorum: 40 shareholders present via VC/OAVM.
• Meeting concluded at 11:35 a.m. including 15-minute e-voting window.
• Notice and Audited Financial Statements taken as read; no qualification.
• Attendees included Chairman, MD, NEDs, independents, CFO, and executive via VC.

Resolutions

• Resolution 1 (Ordinary): Adopt Audited Financial Statements and reports.
• Resolution 2 (Ordinary): Re-appoint Vaishali Mulay by rotation.
• Results to be declared within two working days after Scrutinizer's report.

Attendance

• Chairman, MD, NEDs, Independent Directors, and CFO attended via VC/OAVM.
• Representatives of statutory and secretarial auditors attended.

Modern Engineering And Projects Limited — Trading Window closed from 1 October 2026 till the expiry of Forty-Eight (48) hours after the date of declaration of the Unaudited Financial Results for the Quarter and Half year ended 30th September, 2026.

Financial results

• Unaudited financial results for quarter ended June 30, 2026 approved by the Board.
• Limited Review Report of the Statutory Auditors attached.
• Results and report available on the company website.

Director appointment via postal ballot

• Purpose: Special Resolution to appoint Abhijit Deshpande as Independent Director for 5 years.
• Outcome: Special Resolution approved; appointment for 5-year term effective May 12, 2026.
• Role/term: Independent Director, 5-year term, not liable to retire by rotation.
• Experience: 35+ years in power sector; Mahavitaran; former MERC Secretary.
• Independence: Not related to any Company Directors; not debarred.
• Disclosure: Annexure provides appointment details under Regulation 30.

Purpose

• Postal ballot to appoint Abhijit Deshpande as Independent Director.

Resolution

• Resolution 1: Appointment of Abhijit Deshpande as Independent Director – Special Resolution.

Outcome

• Votes in favour: 12,136 (97.72%); against: 283 (2.28%).
• Total votes polled: 12,419; record date: 03-07-2026.
• Invalid votes: 15,200.

Shareholder impact

• Independent director appointment enhances governance; no capital or structural changes reported.

Director details

• Role: Independent Director; term not disclosed.