Key Event Details
The Members of the Company passed a Special Resolution on August 08, 2026, approving the appointment of Mr. Abhijit Jayant Deshpande (DIN: 02926610) as Non-Executive, Independent Director. The appointment was confirmed based on the results of a Postal Ballot declared on August 10, 2026, conducted in accordance with Regulation 17(1C) of the SEBI Listing Regulations.
Appointment Terms
Mr. Deshpande was initially appointed as an Additional Director by the Board in their meeting held on May 12, 2026. His appointment is effective from May 12, 2026, for a term of 5 (five) consecutive years. He is not liable to retire by rotation.
Director Background and Profile
Mr. Abhijit Jayant Deshpande is a 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 previously associated with Maharashtra State Electricity Distribution Company Limited (Mahavitaran), described as the largest regulated electricity utility in the country. He also served as Secretary of the Maharashtra Electricity Regulatory Commission (MERC), a statutory regulatory body constituted under the Electricity Act, 2003, for a period of five years.
Compliance Status
The disclosure confirms that Mr. Deshpande is not debarred from holding the office of Director by virtue of any SEBI order or order of any other authority. It is also confirmed that he is not related to any other Directors of the Company.
Additional Information
The information is available on the company's website at www.mep.ltd. The filing is signed by Fattehsingh Krishnrao Patil, Managing Director (DIN: 10738344).