Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹33.17, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 6.8% over the past year. Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Executive Non-Independent Director Vaishali Mulay is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 27
Full year 2026 earnings released: EPS: ₹5.49 (vs ₹7.85 in FY 2025) Full year 2026 results: EPS: ₹5.49. Revenue: ₹1.23b (up 26% from FY 2025). Net income: ₹84.9m (up 17% from FY 2025). Profit margin: 6.9% (down from 7.4% in FY 2025). The decrease in margin was driven by higher expenses. Announcement • May 21
Modern Engineering and Projects Limited to Report Q4, 2026 Results on May 26, 2026 Modern Engineering and Projects Limited announced that they will report Q4, 2026 results on May 26, 2026 Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹36.77, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹40.49, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 15x in the Construction industry in India. Total returns to shareholders of 36% over the past year. New Risk • Mar 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$10m (₹490.1m market cap, or US$5.24m). New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$10m (₹535.7m market cap, or US$5.88m). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹2.18 (vs ₹7.71 loss in 3Q 2025) Third quarter 2026 results: EPS: ₹2.18 (up from ₹7.71 loss in 3Q 2025). Revenue: ₹253.2m (up 11% from 3Q 2025). Net income: ₹33.7m (up ₹69.8m from 3Q 2025). Profit margin: 13% (up from net loss in 3Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹37.58, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 16x in the Construction industry in India. Total returns to shareholders of 288% over the past three years. Announcement • Feb 09
Modern Engineering and Projects Limited to Report Q3, 2026 Results on Feb 12, 2026 Modern Engineering and Projects Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹29.11, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 17x in the Construction industry in India. Total returns to shareholders of 201% over the past three years. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹1.90 (vs ₹1.29 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.90 (up from ₹1.29 in 2Q 2025). Revenue: ₹179.0m (up 6.0% from 2Q 2025). Net income: ₹29.4m (up ₹25.2m from 2Q 2025). Profit margin: 16% (up from 2.5% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Announcement • Nov 08
Modern Engineering and Projects Limited to Report Q2, 2026 Results on Nov 13, 2025 Modern Engineering and Projects Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹40.32, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 21x in the Construction industry in India. Total loss to shareholders of 50% over the past year. Announcement • Oct 02
Modern Engineering and Projects Limited Approves the Appointment of Fattehsingh Krishnrao Patil as Managing Director Modern Engineering and Projects Limited held its AGM on September 30, 2025, approved the appointment of Mr. Fattehsingh Krishnrao Patil (DIN: 10738344) as Managing Director of the Company. Announcement • Oct 01
Modern Engineering and Projects Limited Approves the Appointment of Mr. Ajit Sagane as an Independent Director Modern Engineering and Projects Limited held its AGM on September 30, 2025, approved the appointment of Mr. Ajit Sagane (DIN: 07811647) as an Independent Director of the Company. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹36.03, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 21x in the Construction industry in India. Total loss to shareholders of 49% over the past year. Announcement • Sep 08
Modern Engineering and Projects Limited, Annual General Meeting, Sep 30, 2025 Modern Engineering and Projects Limited, Annual General Meeting, Sep 30, 2025, at 12:30 Indian Standard Time. New Risk • Aug 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Market cap is less than US$10m (₹455.9m market cap, or US$5.20m). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹1.17 (vs ₹3.55 in 1Q 2025) First quarter 2026 results: EPS: ₹1.17. Revenue: ₹314.6m (up 102% from 1Q 2025). Net income: ₹18.1m (up 64% from 1Q 2025). Profit margin: 5.8% (down from 7.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Announcement • Aug 09
Modern Engineering and Projects Limited to Report Q1, 2026 Results on Aug 12, 2025 Modern Engineering and Projects Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Board Change • Aug 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Non-Executive Independent Director Shivratan Agarwal was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹33.91, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 23x in the Construction industry in India. Total loss to shareholders of 56% over the past year. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹7.85 (vs ₹11.80 in FY 2024) Full year 2025 results: EPS: ₹7.85. Revenue: ₹979.1m (up 4.4% from FY 2024). Net income: ₹72.9m (up 100% from FY 2024). Profit margin: 7.4% (up from 3.9% in FY 2024). Announcement • May 26
Modern Engineering and Projects Limited to Report Q4, 2025 Results on May 30, 2025 Modern Engineering and Projects Limited announced that they will report Q4, 2025 results on May 30, 2025 Announcement • Apr 04
Modern Engineering and Projects Limited Announces Resignation of Navraj Bhatt as Chief Financial Officer, Effective April 30, 2025 Modern Engineering and Projects Limited announced that Mr. Navraj Bhatt has tendered his resignation vide letter dated 4th April 2025 due to personal reason and he will be relieved from his duties effective from April 30, 2025 after the closing of business hours. New Risk • Feb 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Market cap is less than US$10m (₹560.4m market cap, or US$6.46m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Feb 08
Third quarter 2025 earnings released: ₹7.71 loss per share (vs ₹0.04 profit in 3Q 2024) Third quarter 2025 results: ₹7.71 loss per share (down from ₹0.04 profit in 3Q 2024). Revenue: ₹227.4m (up 14% from 3Q 2024). Net loss: ₹36.1m (down ₹36.2m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Modern Engineering and Projects Limited to Report Q3, 2025 Results on Feb 07, 2025 Modern Engineering and Projects Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹36.02, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 25x in the Construction industry in India. Total returns to shareholders of 394% over the past three years. Announcement • Jan 16
Modern Engineering and Projects Limited Announces the Resignation of Sanjay Jha as Company Secretary & Compliance Officer, Effective from February 10, 2025 Modern Engineering and Projects Limited announced the resignation of Mr. Sanjay Jha as Company Secretary & Compliance officer and all other statutory/designated positions of the Company with effect from February 10, 2025 to pursue career opportunities outside the Company. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹46.60, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 755% over the past three years. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹40.34, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 26x in the Construction industry in India. Reported Earnings • Oct 31
Second quarter 2025 earnings released: EPS: ₹1.29 (vs ₹2.33 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.29 (down from ₹2.33 in 2Q 2024). Revenue: ₹168.8m (up 1.4% from 2Q 2024). Net income: ₹4.22m (down 41% from 2Q 2024). Profit margin: 2.5% (down from 4.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Oct 25
Modern Engineering and Projects Limited to Report Q2, 2025 Results on Oct 30, 2024 Modern Engineering and Projects Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹62.50, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 431% over the past year. New Risk • Oct 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 400% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-₹7.4m). Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Minor Risks Market cap is less than US$100m (₹1.26b market cap, or US$15.0m). Announcement • Sep 12
Modern Engineering and Projects Limited, Annual General Meeting, Sep 30, 2024 Modern Engineering and Projects Limited, Annual General Meeting, Sep 30, 2024, at 12:30 Indian Standard Time. Location: 103/4 plot-215, free press, house, fl-10 free press journal, marg niriman point mumbai-400021, maharashtra., mumbai India New Risk • Aug 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-₹7.4m). Market cap is less than US$10m (₹225.4m market cap, or US$2.69m). Minor Risk Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹170, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 1,117% over the past three years. Reported Earnings • Jul 17
First quarter 2025 earnings released: EPS: ₹3.55 (vs ₹4.16 in 1Q 2024) First quarter 2025 results: EPS: ₹3.55 (down from ₹4.16 in 1Q 2024). Revenue: ₹155.4m (down 6.5% from 1Q 2024). Net income: ₹11.1m (down 14% from 1Q 2024). Profit margin: 7.1% (down from 7.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has increased by 140% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 11
Modern Engineering and Projects Limited to Report Q1, 2025 Results on Jul 15, 2024 Modern Engineering and Projects Limited announced that they will report Q1, 2025 results on Jul 15, 2024 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹174, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 30x in the Construction industry in India. Total returns to shareholders of 1,269% over the past three years. Announcement • Jun 05
Modern Engineering and Projects Limited Announces Appointment of Navraj Bhatt as Chief Financial Officer Modern Engineering and Projects Limited announced that the Board of Directors of the Company in its meeting held on June 04, 2024, approved the appointment of Mr. Navraj Bhatt as Chief Financial Officer of the Company with effect from June 04, 2024. Mr. Navraj Bhatt is a Commerce Graduate, Chartered Accountant, with 10 years of extensive experience in diverse finance, accounting and taxation leadership roles. Prior to joining Modern Engineering and Projects Limited, he served Man Infra construction Limited in Mumbai. Reported Earnings • May 27
Full year 2024 earnings released: EPS: ₹11.77 (vs ₹8.57 loss in FY 2023) Full year 2024 results: EPS: ₹11.77 (up from ₹8.57 loss in FY 2023). Revenue: ₹938.4m (up 35% from FY 2023). Net income: ₹36.5m (up ₹62.9m from FY 2023). Profit margin: 3.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 145% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 20
Modern Engineering and Projects Limited to Report Q4, 2024 Results on May 24, 2024 Modern Engineering and Projects Limited announced that they will report Q4, 2024 results on May 24, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹54.26, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 28x in the Construction industry in India. Total returns to shareholders of 417% over the past three years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹0.04 (vs ₹2.86 loss in 3Q 2023) Third quarter 2024 results: EPS: ₹0.04 (up from ₹2.86 loss in 3Q 2023). Revenue: ₹198.6m (up ₹197.7m from 3Q 2023). Net income: ₹119.0k (up ₹8.95m from 3Q 2023). Profit margin: 0.1% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Modern Engineering and Projects Limited to Report Q3, 2024 Results on Feb 13, 2024 Modern Engineering and Projects Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Announcement • Dec 21
Modern Engineering and Projects Limited Announces Cessation of Suraj Samat from the Post of Non-Executive Director & Chairman Modern Engineering and Projects Limited announced that Mr. Suraj Samat has resigned from the post of Non-executive Director & Chairman of the Company with effect from the close of business hours of December 21, 2023. Board Change • Dec 19
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Shashikant Bhoge is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 08
Modern Engineering and Projects Limited Announces Resignation of Naresh Sasanwar as Chief Financial Officer, Effective December 09, 2023 Modern Engineering and Projects Limited informed that Mr. Naresh Sasanwar has resigned from the position of Chief Financial Officer (CFO) of the company with effect from the closure of business hour December 09, 2023. Resignation due to personal reason. Announcement • Nov 09
Modern Engineering and Projects Limited Announces Appointment of Sanjay Jha as Company Secretary Modern Engineering and Projects Limited announced that the Board of Directors in its meeting held on November 08, 2023 Approved the appointment of Mr. Sanjay Jha as Company Secretary & Compliance Officer of the company with effect from November 08, 2023. Mr. Sanjay Jha is a Commerce graduate and qualified Company Secretary with over 4 years ofexperience in corporate Secretarial compliance functions. Announcement • Nov 04
Modern Engineering and Projects Limited to Report Q2, 2024 Results on Nov 08, 2023 Modern Engineering and Projects Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Board Change • Oct 03
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Shashikant Bhoge is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 08
Modern Engineering and Projects Limited, Annual General Meeting, Sep 30, 2023 Modern Engineering and Projects Limited, Annual General Meeting, Sep 30, 2023, at 16:00 Indian Standard Time. Location: 103/4, Plot-215, Free Press House, Journal Marg, Fl-10 Free Press, Nariman Point Mumbai India Agenda: To consider and adopt the Audited Financial Statements of the Company for the financial year ended as on March 31, 2023 together with the reports of the Board of Directors and Auditors thereon; to appoint a director in place of Mr. Shashikant Bhoge, who retires by rotation and being eligible, offers himself for re-appointment; to consider appointment of Statutory Auditor and fix their remuneration; and to discuss other matters. Board Change • Sep 08
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Non-Independent Director Shashikant Bhoge is the most experienced director on the board, commencing their role in 2021. Non-Executive Non-Independent Director Vaishali Mulay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 24
Modern Engineering and Projects Limited Announces Resignation of Siddhant Singh as Independent Director Modern Engineering and Projects Limited announced that Mr. Siddhant Singh Independent Director has resigned from the Board of Director with effect from June 23, 2023. Resignation due to confidential and unavoidable circumstances. Announcement • May 13
Modern Engineering and Projects Limited to Report Q4, 2023 Results on May 18, 2023 Modern Engineering and Projects Limited announced that they will report Q4, 2023 results on May 18, 2023 Announcement • Jan 25
Modern Engineering and Projects Limited to Report Q3, 2023 Results on Feb 06, 2023 Modern Engineering and Projects Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Board Change • Jan 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Non-Independent Director Shashikant Bhoge is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 28
Modern Engineering and Projects Limited Announces Appointment of Naresh Parbat Sasanwar as Chief Financial Officer Modern Engineering and Projects Limited announced that On the recommendation of the Nomination and Remuneration Committee of the Company, the Board of Directors, at their meeting held December 27, 2022 have approved the appointment of Mr. Naresh Parbat Sasanwar, as the Chief Financial Officer ("CFO") of the Company, with effect from December 27, 2022. Accordingly, as per the provisions of Section 203 of the Companies Act, 2013, he becomes the Key Managerial Personnel ("KMP") of the Company. He is a Chartered Accountant and a legal professional in general law with 27 years of overall experience. He has infrastructure specific experience of over 20 years in development, implementation, financing, operations & maintenance of Build, Operate and Transfer (BOT), Build, Own, Operate and Transfer (BOOT) basis, Design, Build, Finance, Operate & Transfer (DBFOT) under Public-Private-Partnership (PPP) Model of various government authorities in India on Toll and/or Annuity basis. Financial restructuring, mergers & amalgamation of road companies. Announcement • Dec 17
Modern Engineering and Projects Limited Announces the Resignation of Subhas Chandra Bose as Chief Financial Officer Modern Engineering and Projects Limited announced that Mr. Subhas Chandra Bose has tendered his resignation from the Post of Chief Financial Officer(CFO) of the company, effective December 15, 2022 (after the closing of business hours) due to personal reason. Board Change • Dec 09
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Non-Independent Director Shashikant Bhoge is the most experienced director on the board, commencing their role in 2021. Additional Non-Executive Independent Director Sidhant Singh was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Nov 03
Modern Engineering and Projects Limited to Report Q2, 2023 Results on Nov 14, 2022 Modern Engineering and Projects Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Oct 30
Modern Engineering and Projects Limited Announces Resignation of Sukhdeep Singh as Director Modern Engineering and Projects Limited announced resignation of Sukhdeep Singh as Director. He holds a Master of Fine Arts (Sculpture) degree from University of Delhi and has 10 years of experience in Infrastructure sector. Date of Resignation is October 29, 2022. Announcement • Oct 08
Modern Engineering and Projects Limited Appoints Suraj Manohar Samat as the Chairperson of the Board Modern Engineering and Projects Limited approved appointment of Mr. Suraj Manohar Samat as the Chairperson of the Board. Announcement • Sep 28
Modern Engineering and Projects Limited Appoints Suraj Manohar Samant as Additional Non- Executive Independent Director Modern Engineering and Projects Limited announced that at the board meeting held on September 27, 2022 approved the appointment of Mr. Suraj Manohar Samant as Additional Non- executive Independent Director of the company. Announcement • Sep 23
Modern Engineering and Projects Limited Announces Resignation of Jaipal Singh Barsi Singh Parmar as Director Modern Engineering and Projects Limited announced that the company has received resignation letter dated September 21, 2022 from Jaipal Singh Barsi Singh Parmar from the post of director. Announcement • Aug 27
Modern Engineering and Projects Limited Appoints Sidhant Singh as Additional Non-Executive Independent Director The board of directors of Modern Engineering and Projects Limited meeting held on August 26, 2022, appointed Mr. Sidhant Singh having as additional non-executive independent director of the company. Mr. Sidhant singh has did MBA (general) and has a experience of 10 years in areas of Management Consulting and engineering consulting. Announcement • Aug 07
Modern Engineering and Projects Limited Appoints Sitaram Dhulipala as an Additional Director Modern Engineering and Projects Limited approved the appointment of Mr. Sitaram Dhulipala as an Additional Director of the company effective Aug. 6, 2022. Announcement • Jul 29
Modern Engineering and Projects Limited Announces Company Secretary and Compliance Officer Changes Modern Engineering and Projects Limited informed that Board Meeting of the Company was held on July 28, 2022, the Board has considered and approved: Accepted Resignation of Ms. Nidhi Kumari from the post of Company Secretary and Compliance Officer of the Company and Appointed Ms. Beena Khandelwal (ACS No.69067) as the Company Secretary and Compliance Officer of the Company. Date of Appointment: July 28, 2022 & Terms of Appointment as (as applicable)& decided by Nomination & Remuneration term of appointment Committee and Board from time to time. Brief Profile of Company Secretary: Beena Khandelwal is the Qualified Company Secretary & Member of ICSI having Membership No A69067. She is Commerce Graduate having the degree of B.com From University of Rajasthan. She is having skills in SEBI Regulations, Companies Act, 2013 and other laws to ensure over all compliance of the Company. Announcement • Jun 29
Modern Engineering and Projects Limited to Report Q2, 2023 Results on Aug 14, 2022 Modern Engineering and Projects Limited announced that they will report Q2, 2023 results on Aug 14, 2022 Board Change • Jun 23
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Executive Independent Director Jaipal Singh Barsi Parmar is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 04
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Executive Independent Director Jaipal Singh Barsi Parmar is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Executive Independent Director Jaipal Singh Barsi Parmar is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 24
Modern Engineering and Projects Limited Declares Appointment of Amol Kishor Kale as Director as Void-ab-Initio Modern Engineering and Projects Limited announced that Mr. Amol Kishor Kale was appointed as an Additional (Non Executive Non Independent Director) Promoter Director of the company by the Board of Directors on 16th February 2022. He has not submitted the Consent Letter and all relevant documents in connection with his Appointment. The Board of Directors be and hereby set aside his appointment declaring the appointment as void-ab-initio and he will not be going to be the part of Board. Board Change • Jan 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive Independent Director Jaipal Singh Barsi Parmar is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.