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.