Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modern Engineering and Projects Ltd held a board meeting on March 24, 2026, with three key outcomes. First, Mrs. Devanshi Kevin Shah was appointed as Company Secretary and Compliance Officer effective the same day; she is an Associate Member of ICSI with experience in corporate governance and SEBI LODR compliance. Second, the board approved availing an Inter-Corporate Deposit (ICD) of INR 9.5 crores from Jetra Infrastructure Private Limited, a related party belonging to the corporate promoter group. The company stated the transaction is in the ordinary course of business, at arm's length, and is not material enough to require shareholder approval. Third, the Stakeholders Relationship Committee was reconstituted effective March 13, 2026, with Shivratan Krishnakumar Agarwal (Independent Director) as Chairperson, and Radheshyam Mopalwar and Vaishali Mulay as members.
For shareholders, the appointment of a new Company Secretary strengthens compliance functions, while the INR 9.5 crore ICD from the promoter group indicates continued promoter financial support without seeking shareholder approval. The committee reconstitution is a routine governance update with limited direct impact on stock price.