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MODERN ENGINEERING AND PROJECTS LIMITED — Board/Management Information 2026
May 12, 2026
60793_rns_2026-05-12_abdc8c16-25a2-4abc-999c-d6d6ddfaa55d.pdf
Board/Management Information
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Modern Engineering and Projects Limited
Shaping the Road Ahead
Date: May 12, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
BSE SCRIP CODE: 539762
ISIN: INE250S01015
Sub: Appointment of Additional Independent Director - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir/ Madam,
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that on the recommendation of Nomination & Remuneration Committee, Board of Director of the Company, at their meeting held on today, Tuesday May 12, 2026 appointed Abhijit Jayant Deshpande (DIN: 02926610), as an Additional Independent Director of the Company with immediate effect.
The information is required to be submitted pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed in Annexure-I
The meeting of the Board of Directors commenced at 4:30 p.m. and concluded at 5:05 p.m.
Kindly take the same on records.
Thanking you,
Yours faithfully,
For Modern Engineering and Projects Limited
Fattehsingh Krishnrao Patil
Managing Director
DIN: 10738344
Date: 12-05-2026
Place: Mumbai
FATTEHS
INGH
KRISHNR
AO
PATIL
Digitally signed
by
FATTEHSINGH
KRISHNRAO
PATIL
Date:
2026.05.12
17:08:02 +05'30'
Regd. Office : Unit 103 & 104, Plot 215, 10th Floor, Free Press House, Nariman Point, Mumbai, Maharashtra - 400021
: +91-22-6666 6007 | : [email protected] | : www.mep.ltd | CIN : L01132MH1946PLC381640
Modern Engineering and Projects Limited
Shaping the Road Ahead
Annexure-I
| Sr. No | Details of events that need to be Provided | Information of such event(s) |
|---|---|---|
| 1. | Name of the person | Abhijit Jayant Deshpande |
| (DIN: 02926610) | ||
| 2. | Reason for Change viz. appointment, resignation, removal, death or otherwise; | Appointed as an Additional Independent Director |
| 3. | Date of appointment / cessation (as applicable) & term of appointment | Date of Appointment – May 12, 2026. |
| 4. | Brief profile (in case appointment) | Abhijit Jayant Deshpande is senior power sector professional with over 35 years of experience across electricity distribution, regulatory governance, power procurement, tariff determination, renewable energy integration, project management, automation in management and policy implementation. |
| He was associated with Maharashtra State Electricity Distribution Company Limited (Mahavitaran), the largest regulated electricity utility in the country. | ||
| He has also served as Secretary, Maharashtra Electricity Regulatory Commission (MERC)—a statutory regulatory body constituted under the Electricity Act, 2003—for a period of five years. | ||
| 5. | Disclosure of Relationships between Directors (in case of Appointment of a Director) | Abhijit Jayant Deshpande is not related to any Directors of the Company |
| 6. | Information as required pursuant to BSE Circular with ref. no. LIST/ COMP/14/ 2018-19 and the National Stock Exchange of India Ltd. with ref. no. NSE/CML/ 2018/24, both dated 20th June, 2018. | Abhijit Jayant Deshpande is not debarred from holding the office of Director by virtue of any Order of Securities and Exchange Board of India or any other authority. |
Regd. Office : Unit 103 & 104, Plot 215, 10th Floor, Free Press House, Nariman Point, Mumbai, Maharashtra - 400021
: +91-22-6666 6007 | : [email protected] | : www.mep.ltd | CIN : L01132MH1946PLC381640