Please find the attached outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modern Engineering and Projects Ltd reported strong FY2026 results with revenue from operations growing 25% to ₹11,978.71 lakhs from ₹9,561.11 lakhs in FY2025. Total revenue stood at ₹12,284.96 lakhs. Profit after tax increased 16.5% to ₹848.92 lakhs from ₹728.61 lakhs. The company also announced shifting its registered office from Nariman Point to Bandra East effective June 1, 2026, an increase in statutory auditor remuneration, resignation of Company Secretary Mrs. Devanshi Kevin Shah, and appointment of Mrs. Anisha Suraj Rajbhar as the new Company Secretary and Compliance Officer. The auditor issued an unmodified opinion on the financial statements. Notably, operating cash flow was negative at ₹-1,481.94 lakhs, and total borrowings increased significantly to ₹3,530.99 lakhs from ₹540.77 lakhs year-over-year.
Revenue growth of 25% is positive, but negative operating cash flow and surging debt levels (5x increase) are concerning signals for shareholders. The stock may see mixed reaction as strong topline growth is offset by deteriorating cash generation and higher leverage.