Modern Engineering and Projects Ltd. Appoints Company Secretary, Approves Inter-Corporate Deposit
Modern Engineering and Projects Ltd. announced several corporate updates following a board meeting held on March 24, 2026.The company appointed Mrs. Devanshi Kevin Shah as Company Secretary & Compliance Officer, effective March 24, 2026. Mrs. Shah is an Associate Member of the ICSI with experience in corporate governance, compliance management, and board meeting facilitation.
The board also approved the availing of an Inter-Corporate Deposit (ICD) from Jetra Infrastructure Private Limited, a related party. The transaction, valued at INR 9,50,00,000 (Rupees Nine Crores and Fifty Lakhs only), is considered to be in the ordinary course of business and at arm’s length. The company noted the transaction does not require shareholder approval as it is not material in nature.
Additionally, the board reconstituted the Stakeholders Relationship Committee, effective March 13, 2026. The committee's composition is as follows:
Stakeholders Relationship Committee Composition
| Name of Director | Category | Status |
|---|---|---|
| Shivratan Krishnakumar Agarwal | Non-Executive - Independent Director | Chairperson |
| Radheshyam Laxmanrao Mopalwar | Non-Executive - Non- Independent Director | Member |
| Vaishali Sahebrao Mulay | Non-Executive - Non- Independent Director | Member |
The board meeting commenced at 4:00 p.m. and concluded at 5:30 p.m.
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