Key Personnel Change
Mr. Rajendra Pawar, Chief Financial Officer of MEP Infrastructure Developers Limited, has resigned from his position. His resignation was tendered via email and has been accepted by the company effective May 31, 2026.
Reason for Resignation
The resignation is stated to be due to "evolving professional commitments and new opportunities." The company explicitly confirms that there are no other material reasons for his resignation beyond those mentioned.
Employment Tenure
Mr. Pawar worked with the organization from October 10, 2022, to May 31, 2026, holding the position of Chief Financial Officer at the time of resignation.
Shareholding Information
Mr. Pawar held no shares in the company at the time of resignation.
Corporate Insolvency Context
The company is under Corporate Insolvency Resolution Process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016, following an NCLT order dated March 28, 2024. Mr. Ravindra Kumar Goyal (IBBI Registration No. IBBI/IPA-001/IP-P-02019/2020-2021/13098) serves as the Resolution Professional. A moratorium under section 14 of the Insolvency and Bankruptcy Code has been in effect since March 28, 2024.
Effective Date
The resignation is effective from the close of business hours on May 31, 2026.
Financial Impact
No specific financial impact quantified in the disclosure.