Notice of the 79th Annual General Meeting to be held on Tuesday, September 30, 2025
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Modern Engineering and Projects Limited has issued the notice for its 79th Annual General Meeting, to be held on Tuesday, September 30, 2025 at 12:30 PM via video conferencing. Shareholders will consider adoption of audited financial statements for FY ended March 31, 2025 and the re-appointment of Mr. Radheshyam Laxmanrao Mopalwar as a director (he retires by rotation). Four special business items are on the agenda: appointment of Mr. Fattehsingh Krishnrao Patil as Managing Director for three years (March 1, 2025 to February 29, 2028) at remuneration not exceeding Rs. 90 lakh per annum; approval of commission up to Rs. 9 lakh for FY 2025-26 to Mr. Mopalwar as Non-Executive Chairman; appointment of Mr. Ajit Sagane as Independent Director for five years (till August 27, 2030); and appointment of M/s Nidhi Bajaj & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30). Voting will be conducted electronically through CDSL, with the remote e-voting window open from September 27 to September 29, 2025; the cut-off date is September 23, 2025 and the register of members will be closed from September 24 to September 30, 2025.
Routine AGM notice with several governance items requiring shareholder approval. The MD appointment and remuneration package (Rs. 90 lakh p.a.) are the most material items, along with the new Chairman commission and the induction of a new Independent Director. None of the items signal a change in business direction; outcome is likely a formality given the small-cap profile.