Resignation of Mr. Pandit Purbhajirao Swant (DIN: 06581946) from the post of Independent Director of the Company with effect from 02 August, 2025.
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Modern Engineering And Projects Ltd has informed the stock exchanges that Mr. Pandit Purbhajirao Swant (DIN: 06581946) has resigned from the position of Independent Director of the company. The resignation takes effect from 02 August 2025. No reason for the resignation has been disclosed in the announcement. The company has not yet indicated who will replace him on the board.
This is a single Independent Director resignation with no disclosed reasons, so it has limited immediate impact on shareholders. Investors should watch for updates on board reconstitution to ensure the company continues to meet SEBI's minimum Independent Director requirements.