Appointment of M/s. Nidhi Bajaj & Associates, Practising Company Secretaries, as Secretarial Auditor of the Company for a period of 5 years with effect from April 01, 2025 to March 31, ....
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Modern Engineering and Projects Ltd informed the stock exchange about two board-level decisions taken on August 28, 2025. First, the board appointed Mr. Ajit Sagane (DIN: 07811647) as an Additional Non-Executive Independent Director for a five-year term starting August 28, 2025, subject to shareholder approval at the next AGM. Mr. Sagane is a retired civil engineer with extensive government experience in roads, bridges, and large infrastructure projects including the Samruddhi Mahamarg and Versova-Bandra Sea Link. Second, the board appointed M/s. Nidhi Bajaj & Associates, a Mumbai-based practising company secretary firm, as Secretarial Auditor for five years from April 1, 2025 to March 31, 2030, also subject to shareholder approval. The appointment aligns with SEBI's December 2024 amendment to Listing Regulations requiring listed entities to appoint a secretarial auditor.
Both appointments are routine governance measures and are largely neutral for shareholders. The new independent director brings relevant infrastructure expertise, while the secretarial auditor appointment is a regulatory compliance requirement. No material change to business outlook is indicated.