Resignation of Whole Time Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.7 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Modern Engineering And Projects Ltd has informed the stock exchange about the resignation of a Whole Time Director from the company. The actual announcement document could not be accessed as the BSE page returned an error, so the name of the outgoing director, the reason for resignation, and the effective date are not available from the provided content. A Whole Time Director is a Key Managerial Personnel (KMP) under company law, so this is a notable board-level change. Shareholders will need the follow-up filing from the company for the full details.
Resignation of a Whole Time Director can create short-term uncertainty about leadership and operational continuity, but the share-price impact is usually limited unless the exit is linked to governance issues, which cannot be confirmed here. Investors should watch for the company's detailed filing and any replacement appointment.