Modern Engineering and Projects MD, chairman, board of directors and AGM
BSE: 539762ConstructionSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹22.63.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹31 Cr3,371st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 4.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 26 May 2026
- 0.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 12.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 8.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 26 May 2026
- 0.55
- Volume, BSEVolume. Shares traded on the last trading day.
- 1,73,404
Modern Engineering and Projects board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRADHESHYAM LAXMANRAO MOPALWAR
- Managing directorFATTEHSINGH KRISHNRAO PATIL
6 directors3 independent1 executive2 non-executive
- RADHESHYAM LAXMANRAO MOPALWAR · ChairpersonNon-executive · joined Nov 2024 · 2 listed boards · 2 committee seats
- VAISHALI SAHEBRAO MULAYNon-executive · joined Apr 2021 · 1 listed board · 1 committee seat
- FATTEHSINGH KRISHNRAO PATIL · Managing directorExecutive · joined Mar 2025 · 1 listed board
- SHIVRATAN KRISHNAKUMAR AGARWALIndependent · joined Feb 2024 · 28 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
- AJIT ARVIND SAGANEIndependent · joined Aug 2025 · 13 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Abhijit Jayant DeshpandeIndependent · joined May 2026 · 1 month as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
3 directors who left
- JASHANDEEP SINGH, left 13 Mar 2026: Others
- Shruti Jigar Shah, left 26 Aug 2025: Others
- PANDIT PURBHAJIRAO SAWANT, left 2 Aug 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 30 Jun 20266 of 6 present3 independent · 27 days in between
- 2 Jun 20266 of 6 present3 independent · 6 days in between
- 26 May 20265 of 6 present3 independent · 13 days in between
- 12 May 20266 of 6 present3 independent · 12 days in between
4 earlier meetings
- 29 Apr 20265 of 5 present2 independent · 35 days in between
- 24 Mar 20265 of 5 present2 independent
- 18 Mar 20265 of 5 present2 independent
- 12 Feb 20266 of 6 present2 independent
Audit Committee
Chair SHIVRATAN KRISHNAKUMAR AGARWAL
AJIT ARVIND SAGANE, RADHESHYAM LAXMANRAO MOPALWAR
- 30 Jun 20263 of 3 present2 independent · 34 days in between
- 26 May 20263 of 3 present2 independent · 26 days in between
- 29 Apr 20263 of 3 present2 independent · 35 days in between
- 24 Mar 20263 of 3 present2 independent · 39 days in between
1 earlier meeting
- 12 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair SHIVRATAN KRISHNAKUMAR AGARWAL
AJIT ARVIND SAGANE, RADHESHYAM LAXMANRAO MOPALWAR
- 30 Jun 20263 of 3 present2 independent · 34 days in between
- 26 May 20263 of 3 present2 independent · 13 days in between
- 12 May 20263 of 3 present2 independent · 12 days in between
- 29 Apr 20263 of 3 present2 independent · 35 days in between
1 earlier meeting
- 24 Mar 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair SHIVRATAN KRISHNAKUMAR AGARWAL
VAISHALI SAHEBRAO MULAY, RADHESHYAM LAXMANRAO MOPALWAR
- 24 Mar 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- S K Patodia & Associates LLPPeer-review certificate valid to Apr 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Modern Engineering and Projects AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Modern Engineering and Projects share news and announcements
Annual general meeting, 29 Sep 2026
3,104 shareholders on the register on 22 Sep 2026; present: 1 promoter and 39 others; votes counted by MANOJ MIMANI / R M MIMANI & ASSOCIATES LLP.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31,2026, and the reports of the Board of Directors and the Statutory Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 35.36% · promoters 100.00% · institutions 0.00% · other public 3.41%
- To appoint a director in place of Mrs. Vaishali Sahebrao Mulay (DIN:06444900), who retires by rotation and being eligible, offers herself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.08%
Turnout: all 35.36% · promoters 100.00% · institutions 0.00% · other public 3.41%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 8 Aug 2026, 1 resolution
3,075 shareholders on the register on 3 Jul 2026; votes counted by MANOJ MIMANI / R M MIMANI & ASSOCIATES LLP.The company's voting result (opens in a new tab)
- Appointment of Mr. Abhijit Deshpande (DIN: 02926610) as an Independent Director of the CompanySpecial97.72% for2.28% against
Against: promoters 0.00% · other public 2.28%
Turnout: all 0.08% · promoters 0.00% · other public 0.12%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBSESince 17 Jun 2026
Non-compliance with requirement to appoint a qualified company secretary as the compliance officer
- Tax disputeCommissioner of Income Tax AppealSince 12 Feb 2025Giving effect proceedings pursuant to the order of the CIT(A) are pending before the Jurisdictional Assessing Officer.
At the filing before: During Financial year 2024-25, the company received an intimation order for the Assessment Year 2024-25 from the Income Tax Department. In the said order, TDS Credit claimed by the company in its Income Tax Return, which pertains to the JV entity, was not provided. In response, the company has filed an appeal before the Commissioner of Income-Tax Appeals, submission is also filed. Consequently, the CIT(A) passed an order directing the Jurisdictional Assessing officer to verify the certain documents and allow the company's claim, subject to documentationsMoreLess
- Tax disputeCommissioner of Income Tax AppealSince 24 Jan 2024Appeal pending before Commissioner of Income Tax Appeal
At the filing before: During Financial year 2023-24, the company (under TAN of JV entity) received an order for the Assessment Year 2022-23 from the Income Tax Department. In the said order, JV entity treated as TDS defaulter for not deducting the TDS on provisions. In response, the company filed a rectification application citing that certain details were not considered in the order and the resulting demand; additionally, the Company has disputed the demand and filed an appeal before the Commissioner of Income-Tax (Appeals). Subsequently, a rectification order was received resolving the disputed matter. Accordingly, an application for withdrawal of the appeal filed before the CIT(A) has been submitted and is currently pending disposal; the order is awaited.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.