Annual Report for the Financial Year 2024-25
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Modern Engineering and Projects Ltd has submitted its 79th Annual Report for the financial year ended March 31, 2025 to BSE. The 79th Annual General Meeting is scheduled for Tuesday, September 30, 2025 at 12:30 p.m. via Video Conferencing, with e-voting open from September 27 to September 29, 2025 (cut-off date September 23, 2025). Key business items at the AGM include adopting FY25 audited financials, re-appointing Mr. Radheshyam Mopalwar as a Director (rotational), approving Mr. Fattehsingh Patil as Managing Director for three years (March 2025 to February 2028) at a remuneration up to Rs. 90 lakh per annum, paying Mr. Mopalwar up to Rs. 9 lakh as commission for FY26, appointing Mr. Ajit Sagane as Independent Director for five years, and appointing M/s Nidhi Bajaj & Associates as Secretarial Auditors for five years (FY26 to FY30). The board has seen several changes including the resignation of Mr. Sitaram Dhulipala as Managing Director in December 2024 and appointment of Mr. Patil in his place.
Routine annual filing with no material surprise, but shareholders should note new leadership (new MD Mr. Patil) and increased remuneration proposals for the Chairman. The 6 ordinary and special resolutions are largely procedural; voting outcome will be known after September 30, 2025.