MEP Infrastructure Developers Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2024, as required by Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by Practicing Company Secretaries Shreyas Athavale & Co., confirms the company's compliance with applicable statutory provisions and good corporate practices during the review period. Key observations from the report indicate that while the company generally complied with regulations, there were instances of delays in submitting financial results for Q1 and Q3 of FY 2023-24, leading to fines from NSE and BSE. Additionally, delays were noted in the submission of voting results for a postal ballot and brief proceedings of an Extra Ordinary General Meeting. The report also details a SEBI communication advising the company not to act on certain resolutions concerning the sale of its wholly-owned subsidiary, MEP Infrastructure Private Limited (MIPL), to Mhaiskar Toll Road Private Limited (MTRPL), as these resolutions were voted against and could not be considered passed. The report also addresses a SEBI Show Cause Notice received by the company regarding alleged violations under Regulation 30(7) / 4(1)(e)/4(2)(b)(i) / 4(1)(c) / 24(5) of SEBI (LODR) Regulations 2015 and non-disclosure of loan defaults. The company appointed legal representation for this notice, but due to the company entering Corporate Insolvency Resolution Process (CIRP) on March 28, 2024, with a moratorium in effect, no further action was taken. The report highlights that the company has been under CIRP since March 28, 2024, with Mr. Ravindra Kumar Goyal appointed as the Resolution Professional.