Change in Management pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015
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Modern Engineering and Projects Ltd announced key management changes approved at its 79th Annual General Meeting held on September 30, 2025. Mr. Fattehsingh Krishnrao Patil, a retired Inspector General of Police (Maharashtra) and currently CEO of Square Port Shipyard, has been appointed as Managing Director for a 3-year term ending February 2028. Mr. Ajit Sagane, a retired senior PWD engineer with experience in major infrastructure projects like Samruddhi Mahamarg and the Versova-Bandra Sea Link, has been appointed as Independent Director for a 5-year term. Additionally, M/s. Nidhi Bajaj & Associates has been appointed as Secretarial Auditor for five financial years (FY 2025-26 to FY 2029-30).
The appointments bring in externally experienced professionals from policing and government infrastructure backgrounds, suggesting the company may be diversifying its leadership expertise. No resignations or governance red flags were reported, indicating continuity alongside new additions.