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An update from MEP Infrastructure Developers Ltd. ( (IN:MEP) ) is now available.
MEP Infrastructure Developers Ltd. has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2024 to the National Stock Exchange of India and BSE, in accordance with Regulation 24A of SEBI’s Listing Obligations and Disclosure Requirements. The report, issued by a practising company secretary, notes that the company has generally complied with applicable securities laws and corporate governance requirements and has appropriate board processes and compliance mechanisms in place, while also highlighting that the National Company Law Tribunal, Mumbai Bench, admitted an application to initiate a Corporate Insolvency Resolution Process against the company on 28 March 2024, with a resolution professional appointed and a moratorium under the Insolvency and Bankruptcy Code coming into effect, a development that significantly affects the company’s operational and financial oversight framework.
More about MEP Infrastructure Developers Ltd.
MEP Infrastructure Developers Ltd. operates in the infrastructure sector, primarily engaged in developing, operating and maintaining road assets, including toll collection and related services in India. The company’s business is closely tied to regulatory compliance and its status as a listed entity on Indian stock exchanges.
Average Trading Volume: 55,444
Technical Sentiment Signal: Sell
Current Market Cap: 387.1M INR
Learn more about MEP stock on TipRanks’ Stock Analysis page.