Modern Converters Ltd

Modern Engineering And Projects Ltd's board meeting on May 26, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026. The company reported total revenue of ₹12,284.96 lakhs and a profit after tax of ₹848.92 lakhs for the year ended March 31, 2026. The board also approved shifting the registered office and an increase in the remuneration of the statutory auditors. Mrs. Anisha Suraj Rajbhar was appointed as Company Secretary & Compliance Officer effective June 01, 2026, following the resignation of Mrs. Devanshi Kevin Shah.

Modern Engineering And Projects Ltd declared its financial results for the quarter and year ended March 31, 2026. The company's revenue from operations for the year stood at ₹11,978.71 million, with a total revenue of ₹12,284.96 million. The profit after tax (PAT) for the year was ₹848.92 million. The board also approved shifting the registered office and increasing the remuneration of the statutory auditors. Mrs. Anisha Suraj Rajbhar was appointed as Company Secretary & Compliance Officer effective June 01, 2026.

Modern Engineering And Projects Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited standalone financial results for the year ended March 31, 2026, under Indian Accounting Standards (Ind AS). The company has also announced the closure of the trading window for designated persons from April 01, 2026, until 48 hours after the financial results are made public, in accordance with the Company’s Code of Conduct for Prevention of Insider Trading.

Modern Engineering And Projects Ltd has appointed Abhijit Jayant Deshpande as an Additional Independent Director, effective May 12, 2026. The appointment follows the recommendation of the Nomination & Remuneration Committee. Deshpande, with DIN 02926610, brings over 35 years of experience in the power sector, including roles at Maharashtra State Electricity Distribution Company Limited (Mahavitaran) and as Secretary of the Maharashtra Electricity Regulatory Commission (MERC). He is not related to any existing directors and is not debarred from holding the office of Director.

Modern Engineering And Projects Ltd has appointed Abhijit Jayant Deshpande as an Additional Independent Director, effective May 12, 2026. The appointment follows the recommendation of the Nomination & Remuneration Committee. Deshpande, with DIN 02926610, brings over 35 years of experience in the power sector, including roles at Maharashtra State Electricity Distribution Company Limited (Mahavitaran) and as Secretary of the Maharashtra Electricity Regulatory Commission (MERC). He is not related to any existing directors and is not debarred from holding the office of Director.

Modern Engineering And Projects Ltd's Board of Directors met on April 29, 2026, and approved a revision in the remuneration for Mr. JASHANDEEP SINGH, a promoter of the company. This decision is contingent upon obtaining all required approvals. The board also addressed other routine business matters during the meeting, which lasted from 4:00 p.m. to 4:40 p.m.

Modern Engineering And Projects Ltd has secured a significant work order from Tata Steel Limited. The contract, valued at ₹60 Crores (net of GST), is for the construction of a Priority Bituminous Trunk Road for the Neelachal Ispat Nigam Limited expansion project. This is an item rate agreement, with payments regulated by actual quantities executed. The project is expected to be completed in approximately one year. The order is from a domestic entity and does not involve any related party transactions.

Modern Engineering And Projects Ltd. has announced that the trading window for dealing in securities of the company by designated persons and their immediate relatives will be closed from April 01, 2026 until 48 hours after the declaration of un-audited financial results for the quarter ended March 31, 2026. The date of the board meeting for the review and approval of the un-audited financial results will be informed in due course. All designated persons and their immediate relatives are advised not to trade in the securities of the company during this period.

The Board of Directors of Modern Engineering And Projects Ltd announced the appointment of Mrs. Devanshi Kevin Shah as Company Secretary & Compliance Officer, approved the availing of an Inter-Corporate Deposit (ICD) from a related party, and reconstituted the Stakeholders Relationship Committee. The ICD is not material in nature and does not require shareholders’ approval, falling under Related Party Transactions as per Securities and Exchange Board of India (SEBI) regulations. The Stakeholders Relationship Committee will have new members and will commence from March 13, 2026.

Modern Engineering And Projects Ltd announced the resignation of Mr. Jashandeep Singh from the post of Whole Time Director. The resignation was tendered due to certain emerging unavoidable personal situations. The Board of Directors acknowledged the resignation and will arrange to submit the necessary forms to the Registrar of Companies and Stock Exchange.