Modern Engineering and Projects Limited announced that Mr. Jashandeep Singh has resigned as the Managing Director of the company due to owing some other commitment with effect from the close of business hours of today. Further Mr. Jashandeep Singh Continue to be a Non-executive director of the Company. His resignation from the post of Managing Director has been accepted by the Board of Directors at its Meeting held on December 19, 2023.

Mr. Sitaram Dhulipala, who is currently serving as Whole-time Director of the company has been appointed as the Managing Director of the company effective from December 20, 2023. This appointment was approved by the Board of Directors at its Meeting held on December 19, 2023, based on the recommendation of the Nomination & Remuneration Committee. Mr. Sitaram Dhulipala is in to construction and infrastructure industry for the last 25years with varied experience in Administration, Operation with excellent control over contract management and Business development and prior to that served in Government of India and Government of Andhra Pradesh.