Appointment of Mr. Ajit Sagane (DIN: 07811647) as an Additional Independent Director of the Company for a period of 5 years with effect from August 28, 2025 to August 27, 2025 subject to ....
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Modern Engineering and Projects Ltd has appointed Mr. Ajit Sagane (DIN: 07811647) as an Additional Non-Executive Independent Director for a five-year term starting August 28, 2025 to August 27, 2030, subject to shareholder approval at the upcoming AGM. Mr. Sagane is a retired civil engineering professional with extensive experience in government infrastructure projects, including roles as Chief Engineer and Secretary (Works) PWD in Maharashtra. Additionally, the company has appointed M/s. Nidhi Bajaj & Associates, a Mumbai-based Practising Company Secretaries firm, as Secretarial Auditors for five years from April 1, 2025 to March 31, 2030, also pending shareholder approval. Both appointments were approved at the Board meeting held on August 28, 2025.
These are routine governance updates. Adding an independent director with deep infrastructure expertise may strengthen the board's oversight, particularly relevant given the company's road and infrastructure focus. The new secretarial auditor appointment helps comply with recent SEBI amendments. Neither move is likely to materially impact the stock price in the short term.